Orthotic and prosthetic practices play an important role in improving the quality of life for individuals with mobility challenges. However, managing the financial aspects of these practices can be complex and time-consuming. With complex payer rules and regulatory requirements that are constantly changing, many practices experience an endless cycle of claim denials and ever-growing AR balances.
One effective solution that has gained popularity in recent years is leveraging third-party firms that perform revenue cycle management (RCM) functions on a practice’s behalf. Now is the time for O&P practices to explore the many benefits that using a third-party RCM partner can deliver:
The expertise, efficiency, cost savings, and improved cash flow provided by specialized RCM organizations, like Nymbl RCM, make them valuable partners in the healthcare industry. By outsourcing these essential tasks, your practice can focus on its core mission of improving the lives of patients with mobility challenges while enjoying the peace of mind that comes with well-managed financials.