At American Vascular Associates (AVA), we understand that effective revenue management is crucial for the financial health and sustainability of your vascular practice. Our Revenue Optimization services are designed to maximize your financial performance through strategic management of your revenue cycle.

Pillar Three: Revenue Cycle Management

Our Revenue Optimization Services include:

 

Revenue Cycle Management: Comprehensive management of the entire revenue cycle, from patient intake to payment collection, ensuring that every step is optimized for efficiency and accuracy.

 

Claims Management & Billing: We handle all aspects of claims management and billing, including submission, follow-up, and appeals, to minimize denials and delays and ensure timely reimbursement.

 

Payer Contracting & Reimbursement Analysis: AVA negotiates payer contracts to secure favorable terms and conducts detailed reimbursement analyses to identify opportunities for improvement and ensure optimal revenue.

 

Financial Performance Tracking: We implement robust financial monitoring systems to track key performance indicators (KPIs), providing regular reports that help you make informed decisions and drive financial growth.

 

Coding & Documentation Accuracy: Our team ensures accurate coding and thorough documentation to reduce errors, enhance compliance, and maximize reimbursement for services rendered.

 

Denial Management & Appeals: We proactively manage claim denials and conduct appeals to recover lost revenue and address issues promptly, ensuring a steady cash flow.

 

Patient Financial Services: AVA provides support for patient financial services, including billing inquiries, payment plans, and financial counseling, to improve patient satisfaction and reduce bad debt.

 

Revenue Optimization Strategies: We develop and implement tailored strategies to optimize revenue, including pricing adjustments, service line analysis, and cost management initiatives.

 

Regulatory Compliance: Ensuring compliance with all relevant regulations, including CMS requirements and payer guidelines, to avoid penalties and maintain operational integrity.

 

Technology Integration: Implementation of advanced financial management software and tools to streamline processes, enhance accuracy, and improve overall revenue cycle efficiency.

strategic-planning

Strategic Planning

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operations

Operational Excellence

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revenue

Revenue Optimization

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referral

Referral Education & Development

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collab

Collaborative Partnerships

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