Transparent, end-to-end Revenue Cycle Management services
See more patients and generate more revenue with expert revenue cycle management services from SYFR.
Optimizing every stage of revenue cycle management
Earning a medical degree is hard. Getting paid shouldn’t be. SYFR's specialized expertise across the revenue cycle boosts your profitability and helps you operate better.
Collect more money,
more efficiently
Average Increase in Collections
Clean Claim Submission Rate
Claims Billed Annually
“SYFR has handled coding, charges, collections, and contract negotiations for my practice."
"They’ve also assisted with things a billing company wouldn’t usually help with, like IT questions and practice management. SYFR goes above and beyond for clients.”
How we achieve revenue cycle management excellence
The healthcare industry is always changing. You need the right people, processes, and technologies to financially keep up. From complete charge capture to proper adjudication, SYFR has the people and technology to achieve your revenue goals.
Skilled in the following systems:
AdvancedMD
Kareo
Athena
EPIC
MediTech
Modernizing Medicine
Nextgen
WebPT
Revenue Cycle Management is the financial process healthcare organizations use to capture revenue for care delivered. It includes administrative, clinical, and operational functions and spans the patient’s initial encounter through final payment.
Outsourcing your revenue cycle management allows you to focus more time on patient care and experience while increasing your reimbursement rate. RCM services companies have specialized experts across the revenue cycle to increase revenue, maximize cash flow, and operate as efficiently as possible. By outsourcing RCM, you get all the benefits of an expert, well-oiled financial team without the costs or management headaches. Meanwhile, your existing business team can dedicate more time to customer service and internal back-office duties that can’t be outsourced. RCM outsourcing is a leading financial strategy for profitable, productive, and patient-centered practices. Learn what makes SYFR different than other providers here.
Most RCM services providers charge a percentage of collections. However, a better way to think about RCM services is your overall return on investment. A good RCM services provider will increase your collections and your cash flow. Your practice will see a higher reimbursement rate and have cash in hand faster. You’ll also reduce operational costs. Instead of hiring another biller or provider enrollment vendor, you get a team of experts at a fraction of the cost. As your practice grows, you won’t need to worry about hiring or onboarding additional business office staff.
RCM transition timelines vary by client, but SYFR typically begins processing client claims three months after a contract is signed. During the transition period, we learn about your practice and financial status, introduce you to your account management team, and set up the integrations and processes for a seamless transition. Our provider enrollment team and A/R management team may begin verifying provider enrollment and assessing aged claims earlier, depending on our clients’ goals. Our aim is always to boost your profitability and productivity as quickly as possible.
Not all companies offer provider enrollment. Provider enrollment is notoriously time consuming and complex. Most physician practices and RCM providers don't have the staff, payor relationships, or processes to effectively manage enrollment.
SYFR has provided provider enrollment for 40+ years. We have a specialized team, enrollment database, and processes to verify, track, and manage enrollments. Learn more about our approach and results here.