Customized Full End-to-End Revenue Cycle Management Solutions Tailored to Meet the Unique Needs of OMS
End-to-End Revenue Cycle Management Services
Our comprehensive revenue cycle management services support you throughout the entire process, from eligibility to collections, optimizing revenue and reducing administrative burdens to focus on patient care.
Verification of Benefits
Accurate verification of patient eligibility reduces claim denials and enhances the patient experience by minimizing billing surprises.
Treatment Plan Estimations
Timely and accurate treatment plan estimates increases patient satisfaction and the likelihood of collecting co-pays and out-of-pocket expenses at the date of service.
Prior Authorizations
Streamlining prior authorizations ensures timely approvals, reducing delays and improving reimbursement rates.
Charge Entry & Review
Proper documentation and coding supports a healthy revenue cycle with precise billing and prompt collections.
Billing & Submission
Accurate and timely claim submissions reduce denials and improve the speed of collections.
Denial Management
Both a corrective and proactive approach, quickly identifying and addressing claim denials increases revenue recovery and reduces future denials.
Payment Posting
Unburden your staff from payment posting and improve cash flow management through promptness, efficiency and scalability.
Refunds & Adjustments
Quick identification of refunds and adjustments helps monitor financial performance and better the patient experience.
A/R Follow-Ups
Rely on our expert team to monitor and follow up on outstanding claims, improving collections rates and ensuring timely payments.
Ancillary Services
Contract Negotiations
We provide fee schedule negotiation services during the contract renewal period on a per-contract basis.
Old A/R Project
We can help you reclaim outstanding revenue in aged A/R. We recover lost revenue while you focus on patient care.
Don’t Worry About the Software
All Lumos RCM solutions are PMS agnostic. Our team can seamlessly integrate with your current PMS software.
Many More
Why Practices Rely on Lumos for Revenue Cycle Management
Administrative Burden
Outsourcing removes the administrative hassle of managing an in-house revenue cycle function and allows the practice to focus their valuable time on patient care.
Cost Savings
Improvements in net collections typically outweigh our fees and outsourcing can be more cost-effective than maintaining the revenue cycle in-house.
Reduced Denials & Errors
Expertise in billing can result in fewer errors and denials, ultimately leading to higher reimbursement and a decrease in A/R.
Faster Collections
Efficient claims processing and a team dedicated to A/R follow-ups accelerates collections and improves cash flow.
Compliance
Medical billing is complex and regulations are consistently changing. Our expert team keeps your practice compliant while strictly adhering to HIPAA guidelines.
Comprehensive Onboarding Process
Whether you’re a single location practice or multi-location platform, we tailor our solutions to fit your needs. With a comprehensive onboarding process designed to ensure a smooth, error-fee transition, Lumos RCM is your trusted partner in revenue cycle success.
We include the following as part of the onboarding process to ensure optimization in your revenue cycle.
- Full review of current revenue cycle process
- Coding audit
- Fee schedule audit
Comprehensive Onboarding Process
We're ready to support you every step of the way
Have RCM questions or need support? Reach out today and let’s enhance your practice’s financial performance together.