Cloudy with a chance of stronger revenues
An uncertain HME climate last year left providers scrambling to reduce costs and boost revenue. Now with a ray of hope in the forecast, providers can focus on streamlining their business process and implement productivity tools that will save a lot of time and money.
Here are some areas in which you could minimize costs and maximize revenue:
Leverage cloud-based software. Help cut the high costs of hardware and maintenance with the latest technology. Run your business with a feature-rich platform that is seamlessly updated so you can continue to automate your processes. Advantages include eliminating manual tasks and workflow bottlenecks, creating a proactive workflow that leads to best practices standards, increasing chances of being in compliance with regulations, and much more. As a leader in cloud-based software, Brightree’s technology has enabled hundreds of post-acute providers to streamline their workflow and electronically connect with referral sources, manufacturers and distributors.
Shipping vs. Physically Delivering Products
Move inventory out of your warehouse and into the hands of patients. Brightree’s ePurchasing can help your organization become even more efficient and cost effective by ordering supplies directly from leading vendors and performing direct-to-patient shipping. This will help relieve the mounting industry pressures of reduced reimbursement rates, higher shipping charges, and higher inventory costs. In addition to reducing operational costs, ePurchasing will help you improve patient care with faster delivery of products.
Resupply: Do you ship a 90-day supply whenever an insurance payer allows?
Boost your revenues by upgrading to a program that will improve your business efficiency and profitability by achieving a higher percentage of contacts. Let go of manual resupply efforts using phone, email and text messages. Brightree® Connect enables providers to track patients who may be eligible for resupply by launching automated, intelligent patient contact campaigns to reach patients with the right products at the right time. Other benefits include the ability to:
- increase communication with customers
- improve clinical outcomes
- capture appropriate reimbursement
- drive long-term compliance
Outsource your Billing
Insurance and patient billing are the most important processes that affect your cash flow. Outsourcing revenue cycle management can give you better control of managing claims and collecting more cash, faster. Brightree RCM is a powerful combination of software and services comprising patient intake management, best practices consulting, insurance billing and patient billing. Outsourcing these services can ensure that you no longer bear the burden of hiring, training and managing an internal billing department, leaving the responsibilities to a large professional organization. In addition to a consistent and predictable cash flow, you will have access to experienced billing resources with a deep knowledge of regulatory billing guidelines. Provide scalability, focused follow-up and insight into the status of outstanding A/R to ensure you have maximum reimbursement rates.
Weather the storm of uncertainty with Brightree. Brightree will help you unveil the potential growth strategies of your business, improve internal processes and find new revenue streams. With Brightree, you will have a trusted partner who has the resources and experience to track the current and future state of your business. Let us Brighten your business’ forecast. Many organizations rely on Brightree to help them focus on the things that matter most to their business.
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