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CONTRACT MANAGEMENT

REASONS TO CONSIDER REVENUE MASTERS

  1.  It is powerful, full-featured Revenue Cycle Management software
  2. Includes Excellent contract management and modeling to simplify contract management
  3. Superior denials management – one of the industry’s best to find underpayments
  4. The industry’s most modern interface – dashboards to make your job easier
  5. The price performance LEADER

Revenue Masters offers Revenue Cycle Management software to make your life easier…

RM Cloud Contract Management.

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RM Cloud Contract Management™

RM Cloud Contract Management offers a simplified way to keep track of your contracts, denials and underpayments. RM Cloud Contract Management provides work lists that compares the expected plan allowable to the amount processed by the payer. If your hospital already has a structured workflow you want to keep, RM Cloud Contract Management is the perfect addition to help your Revenue Cycle Management department lead staff in their daily tasks. With the help of Revenue Masters you can now model prospective payer contracts and accurately assess, measure and capture all revenue owed in the current contracts.  Learn More

REVENUE MASTERS PAYMENT AND RECOVERY SERVICES

Revenue Masters provides a monthly summary with a detailed analysis of your payor activity, source reasons for underpayments and denials, and recommendations to stop future cash loss. Besides bringing you detailed reports, Revenue Masters helps you collect down to the last dollar. With the help of RM Cloud Contract Management™ we identify partial and zero pay trends and collect this lost revenue on your behalf. Learn More

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GREAT FEATURES

COLLECTABILITY

1-5 %

+ INCREASE NET PATIENT REVENUE

BUILT FOR SUCCESS

Cloud-based technology that offers excellent contract management and modeling, superior denials and underpayment management; the industry’s most modern interface and is the undisputed price performance LEADER.

EASY INSTALLATION

Setup and installations takes up to twenty seconds and a few clicks and with demo content it’s even simpler

AFFORDABLE

Revenue Masters is the PRICE PERFORMANCE LEADER

State of the Art Technology

Unlike many of the stagnant legacy applications, Revenue Masters allows you to drag and drop the information into dashboards that you define to give each member of your team the exact information they need.

TIMESAVER

Makes managing and modeling your contracts simple and easy

POWERFUL

Full-Featured Revenue Cycle Management Software

Increase your Revenue

Prioritizing variances with the greatest possibility of collection so you can maximize collections.

MOST MODERN INTERFACE

Incredible Design

FIVE STARS

Our customer support has been rated  five stars, because we know that every issue has a solution

OUR PRODUCT

Learn more about the software that will make your life easier

RM Cloud Contract Management™

Why to Buy

RM Cloud Contract Management is powerful, full-featured Revenue Cycle Management software to ensure 100% collectability for healthcare providers. RM Cloud Contract Management is cloud-based technology that offers excellent contract management and modeling, superlative denials and underpayment management; the industry’s most modern interface and is the undisputed price performance LEADER. Reasons to consider RM Cloud Contract Management:

1. It is POWERFUL Contract Modeling Software

Most other software has fewer features, or requires expensive add-ons. The RM Cloud Contract Management is a fully integrated Contract Modeling and Management Software that works in the cloud (so no new hardware or installation), and replaces up to seven software applications:

  1. Contract Management
  2. Contract Comparison and Modeling
  3. Denials and Short-Pay Management
  4. Collections, Take-Backs and Claims Management
  5. Patient Responsibility
  6. Business Intelligence Analytics & ERA Explanation of Benefits

3. SUPERIOR Denials Management - one of the industry's best to find underpayments.

Easily identify which claims need to be appealed, including bulk appeals, ensuring greater appeal accuracy and fewer denials. Key features include:

  1. Automatic Email Notifications. Impending contracts that are about to expire get a red flag and emails are sent to advise you they need to priority. Ensures accuracy and higher revenue collected.
  2. Potential lost revenue ID. Accounts that have a short payment or a non-payment are identified, and displayed in the research work queues module so your staff can quickly prevent it.
  3. Identification of variance trends. Prioritizes variances with the greatest possibility of collection so you can maximize collections.
  4. Automated Appeal Templates. Predefined and proven appeal template letters that save you time and help you win more appeals.

4. The Industry's MOST Modern Interface - with team and executive dashboards.

  1. Executive Dashboard. Executive and team dashboards include status and charts showing the complete revenue cycle process in real-time. This helps you better visualize accounts and items that need attention at a glance.
  2. Drag and Drop Menus. Drag and drop report creation allows you to easily re-arrange, consolidate, manage and analyze your revenue cycle process exactly the way you prefer in minutes.
  3. Customizable. You can drag and drop information to create the reports and dashboards you prefer–but you can also request custom integrated screens to provide you exactly the information you need, in the exact format you prefer. The robust built-in access control, also allows you to limit information according to user or groups to maintain appropriate security.

Contract Comparison and Negotiation 

Maintaining financial stability in a rapidly changing environment is challenging.  Do you find the system of payor reimbursement hard to manage? Revenue Masters can help. Copy Contract function, a special tool of RM Cloud Contract Modeling can helps with medical billing and predicts your financial impact faster.

With a copy contract function you can create various modeling scenarios. The system provides the ability to simulate inpatient, outpatient and physician terms to determine the full financial impact. In addition, there system has the ability to create user-defined historical modeling data sets using your claim history.

1. Negotiate Better Contracts

You can now model prospective payer contracts and accurately assess, measure and capture all revenue owed in the current contracts.

3. Improve overall financial performance

With contract modeling and the copy contract function evaluate different rate and term scenarios to be prepared in contract negotiations and improve financial outcomes.

4. Understand the financial impact in your organization

Visualizing different scenarios and its service/charge patterns before you sign off on the payer contract.

How it Works

RM Cloud Contract Management offers a simplified way to keep track of your contracts, denials and underpayments. With customized payer contract calculators RM Cloud Contract Management provides work lists that compare the expected plan allowable to the amount processed by the payer.

If your hospital already has a structured workflow you want to keep, RM Cloud Contract Management is a great addition to help your Revenue Cycle Management department lead staff in their daily tasks.

OUR SERVICE OPTIONS

Learn more about the options that will make your life easier

Revenue Masters Payment Review and Recovery Services

Why to Buy

It happens! Even the most efficient hospital will have accounts that did not get full payment or payment at all.

Revenue Masters improves your operations, allowing you to achieve optimal revenue cycle performance with a monthly summary that provides you with detailed analysis of payor activity, source reasons for underpayments and denials, and recommendations to stop future cash loss.

Besides bringing you detailed reports, Revenue Masters helps you collect down to the last dollar. With the help of RM Cloud Contract Management™ we identify partial and zero pay trends and collect this lost revenue on your behalf while integrating 837’s and 835’s. The additional payments collected are paid directly to you and we collect a contingency of the revenue recovered. The risk is completely absorbed by Revenue Masters. IF THERE ARE NO COLLECTIONS YOU DON’T PAY US!

In order to complete this process your staff only needs to invest 12 hours to provide the reports and contract we need to start collecting for you. But don’t worry; if it takes more than 12 hours we will pay $100 an hour for the additional time.

1. Complete Transparency
3. Save Time and Money
4. Accuracy and timely follow-up
4. Get education and training from experts

What Clients Say

“We added contract management onto our existing system. The executive dashboard includes status and charts with the complete revenue cycle process in real-time, this helps us better visualize accounts and items that need attention. We are able to model various rate and term scenarios for better contract negotiations and improved financial performance. It saves us countless hours and we have the peace of mind that we are working our claims according to the complicated Payer contracts.”

Joe Adams

Revenue Cycle Director / IT Director

PRICING

Revenue Masters is the undisputed price performance leader–providing the best value for the price.

  1. All modules are included in base price. You do not have to pay hundreds or thousands more per module, or for expensive add-ons.
  2. Much lower list price. Many legacy applications are using old models (for old software) and enterprise price gouging–if not for their base product, then for the add-ons. Plus, you have the learning cost for the older interfaces. Revenue Masters is using a fully integrated platform, a disruptive “app” pricing model, and is penetrating into enterprise and small-to-medium facilities for a better volume price breaks for all–since everyone (small or large) needs this tool to deal with the complicated billing within our industry.
  3. NO capital investments and no added cost for software updates. Because it is in the cloud, you don’t have installation, hardware and IT expenses–nor the expensive maintenance contracts. You can also account for it easier as a non-capital expense.

If you have any questions about products, services, implementation, integration, or anything else, let us know. Revenue Masters will be happy to send you a custom quote for your organization. We pride ourselves on affordability while providing the best value for your investment.Please fill out the Contact Form below or Contact Sales.

FAQ

Following are the most common questions about Revenue Masters:

  • Is there a hidden “services” cost to integration? Revenue Masters offers integrated services with no extra costs.
  • Is the software intuitive for the end user or will it require training or developer support? Revenue Master’s software is accessible and easy to understand, there is no need for developing support.
  • Is the system equipped with data security? Revenue Masters is compliant with HIPAA and HITECH requirements, it can integrate with your company’s IT security and additional PHI policy requirements. It is also has the most robust access controls–to protect your data from the end user to the executive level. Revenue Masters is also ICD-10 compliant.

EXPERTISE

Revenue Masters was founded in 2012 by a team with over 30 years experience with managed care and government payer strategies as executives managing hospital and physician facilities. 

The group saw that most Revenue Cycle Management (RCM) software was stagnant, with outdated interfaces, was way too difficult to use and priced outrageously high — RM Cloud Contract Management was the fix.

Dena Bengson

Partner

Dena has more than 29 years experience in the healthcare industry. Her in-depth and broad working knowledge of the financial aspects of healthcare delivery, coupled with her strategic foresight for innovative change, has positioned her as a knowledgeable and respected healthcare reimbursement and revenue cycle specialist. For the past 12 years, Dena has provided financial, operational, and strategic product development services to 67 healthcare partners. She has spent much of her career implementing revenue cycle solutions, developing and expanding service line offerings, and improving performance management throughout the revenue cycle continuum.

Jennifer Huddleston

VP

Jennifer has more than 13 years of experience in the healthcare industry, working with over 50 hospitals across the nation. Jennifer’s wide array of receivables management experience includes contract financial analysis, appeal management and strategy, contract provisions, payment review and recovery solutions, revenue cycle technology solutions, financial and operational analysis reporting, as well as providing education and training to optimize performance improvement. Jennifer has spent much of her career implementing revenue cycle solutions, with emphasis on performance improvement technology solutions designed to increase efficiency and accelerate cash flow. For the past few years, Jennifer has managed payment review and recovery teams, as well as implemented revenue cycle technology solutions to increase hospitals net revenue.

Rick Bengson

Partner

Rick has 14 years of executive level management in software development. His expertise is in highly scalable web-based solutions. His software development experience encompasses the health services, legal, and real estate vertical markets. Rick’s passion is to create a great client/user experience that translates into more productive work. Our greatest compliment is for our client users to refer a peer in another organization to use our software tools.

We help Healthcare Providers Achieve Success

Revenue Masters specializes in Revenue Cycle Management Software offered to Hospitals, Critical Access Hospitals, Physician Groups, Ambulatory Surgical Centers, Skilled Nursing Facilities, Home Health, Imaging, Laboratory and LTAC.

CONTACT US

Contact us if you have any questions at 877-591-2590 / 1-760-388-5111 and we will gladly assist you.

You can also fill out the form below or email us directly at sales@revenuemasters.com and we will get in contact with you.

 

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