iMedRCM is a suite of cloud based Revenue Cycle Management medical software developed and owned by Spectrum Software Solutions Inc. Revenue Cycle Management is the core of healthcare industry. A financial process, RCM can be defined as the totality of all administrative and clinical functions which include the capture, management, and collection of patient service revenue. To achieve this, top-notch medical billing software is required to track patient care episodes from registration and appointment scheduling to the final payment of a balance. iMedRCM has integrated features that aid in the seamless functioning of the billing cycle.
More time for patient care
Great service quality
Outstanding Features of iMedRCM
The dashboard in the home page displays the most current AR, appointments for the day as well as a screenshot of primary, secondary and tertiary claims that have been sent and accepted. Your financial health is displayed in a nutshell on the dashboard.
Schedule and Manage Appointments
iMedScheduler, our patient scheduling software has the capability to schedule and manage appointments for different providers, locations, and days on a single clutter-free screen. Advanced features like Recurring Appointments, Appointment Reports are also implemented in iMedRCM.
Superbill templates are customized based on the requirement of the users. ICD-10 codes and CPT codes required for any specialty are integrated to the superbill template for ease of use. The charged amounts for the codes are added simultaneously, which is a time saver during charge entry. The charged amounts auto populate when claims are created.
Real-time Patient Eligibility Checking
A stitch in time saves nine. Verifying eligibility when an appointment is scheduled or when the patient shows up for an appointment, reduces the chances of getting the claim denied. The patient can be notified on the spot, if the insurance is no longer active. Our eligibility verification tool will cut the workload, and your telephone bill, in half. The time that you would have spent calling up an insurance carrier to verify eligibility can be utilized profitably elsewhere.
Immediate notification of denials / rejections is another significant feature of iMedRCM. It helps in immediate follow up and resubmission of claims. With this feature, no claim goes unpaid.
Auto Remittance Posting
Hours spent tallying the payments received from the payers and posting them manually are drastically reduced with our Auto Posting feature. Auto Remittance Posting supports single payment, multiple payments, and multiple carrier electronic remittance files. Claims that did not post automatically due to unusual adjustments are marked for follow up to be reviewed by an office’s biller.
Smart and efficient billing provides functionalities for automatic charge capture, clean claim checks, electronic and paper claim submissions, paper claim submissions, secondary insurance billing, electronic posting of Insurance and Patient Payments, Patient Statement Processing and Mailing and financial reporting to help reduce errors and maximize revenue.
One of the top reasons in loss of revenue is failure at collecting patient payment. Research indicates that practices lose almost one-third of their revenue due to this reason. iMedRCM ensures that this does not happen to you. The check-in screen displays the most up-to-date patient balances, helping practices collect at the time of check-in or check-out. iMedRCM can send invoices and patient statements to patients to notify them of their financial responsibility.
Our customized reports like Insurance Aging Report, Patient Aging Report, Collection Report and other such reports show you your complete financial visibility anytime, anywhere. These reports help in analyzing revenue profits and losses. The analysis can aid in improving strategies to bring in more profit.
Multi- User, secure and user-friendly
Being HIPAA compliant, there is no worry of information leak. All patient data is secure and accessible only to authorized users. Roles can be assigned to users depending on their job requirement. Multiple users can access the software and do their job. The software is designed with the user’s ease of comfort as the benchmark. Our helpful customer service and ticketing system are in place, in case of any difficulty the user may face.