#United States #Charlotte #Revenue Cycle Management #neurosurgery #PracticeCore

PracticeCore: A Game Changer in Neurosurgery and Spine Care

In a move anticipated to reshape the landscape of neurosurgery and spine care, PracticeCore has officially launched as the first management services organization (MSO) solely focused on optimizing revenue cycles in this specialty. Based in Charlotte, North Carolina, this operator-led MSO aims to empower specialty medical groups, hospitals, and ambulatory surgery centers (ASCs) to enhance their financial performance while ensuring a superior patient experience.

The Vision Behind PracticeCore

The vision of PracticeCore is rooted in addressing the increasing complexities faced by physician practices and healthcare facilities. The organization emerges from one of the nation's leading neurosurgical enterprises, allowing it to leverage extensive experience and specialized expertise in revenue cycle management (RCM). From patient authorization to claim processing, PracticeCore offers comprehensive end-to-end RCM services designed to maximize financial integrity and throughput.

Comprehensive End-to-End RCM Services

PracticeCore's approach encompasses a multi-faceted RCM strategy, addressing critical areas such as:

• - Access and Authorization: Support with benefits eligibility checks, clinical documentation, prior authorizations for necessary surgical procedures, and financial clearance assistance.

• - Coding and Charge Integrity: Expert professional coding tailored for various settings, including clinics, hospital operating rooms, and ASCs. Advanced quality checks ensure utmost accuracy in coding, thereby improving charge capture and billing processes.

• - Claims Processing and Cash Acceleration: A focus on enhancing clean claim yields and first-pass resolutions, minimizing denials through meticulous edits and appeals, and ensuring underpayments are swiftly recovered.

• - Analytics for Revenue Optimization: Utilizing sophisticated tools, PracticeCore enhances provider productivity, reduces days sales outstanding (DSO), and creates dashboards that offer clear insights into financial performance.

Elevating Patient Financial Experience

Recognizing the importance of patient experience, PracticeCore prioritizes the financial journey of patients through:

• - Clear and Compassionate Communications: Providing patients with understandable estimates and transparent billing processes, ensuring they feel supported and informed.

• - Flexible Payment Options: Implementing secure payment methods, including digital and text-to-pay solutions, while establishing pathways for financial assistance, clearly documented to ensure compliance and efficiency.

• - Omnichannel Support: Streamlined processes across phone, web portals, and text messaging allow for a smoother resolution process, enhancing overall patient satisfaction while maintaining regulatory adherence.

Driven by Experience and Expertise

The backbone of PracticeCore's service is its experienced team. With an average tenure of 20 years in the RCM space, the team thrives on a culture of excellence and deep knowledge. This continuity of experience minimizes the learning curve for clients and ensures that knowledge is preserved amidst changes in payer polices or practices.

Unique Business Model

What sets PracticeCore apart from other MSOs is its dedication to specialty-focused support, especially tailored to neurosurgery, physiatry, and pain management fields. This model helps independent specialty groups and hospital-employed divisions optimize revenue cycles without cumbersome reliance on specific technology stacks.

Commitment to Results

Through its innovative strategies, PracticeCore boasts impressive metrics, often achieving a clean claim rate above 98%, a first-pass yield exceeding 92%, and professional net collection rates surpassing 98%. Their structured methodologies and targeted client partnerships ensure organizations can consistently meet and exceed their financial goals while providing compassionate patient service.

Collaborate for Success

As they continue to develop and refine their services, PracticeCore invites independent specialty groups, hospital divisions, and ASCs to explore their revolutionary model. By putting expertise and technology together, they are not only solving RCM complexities but also contributing to better patient care and operational efficiencies.

For more insights on how PracticeCore can transform your revenue cycle operations, visit PracticeCore or contact their marketing director, Hannah Twinem, for a consultation.

Conclusion

In summary, PracticeCore is poised to be a transformative force in the healthcare industry, specifically within the neurosurgery and spine care realms. With an unwavering focus on expert-driven RCM solutions, PracticeCore is set to enhance not just the financial health of practices but also enrich the experiences of patients across the board.

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