Catalisse Releases RCM Solution for Small, Mid-Size Practices

Catalisse Inc., an innovator in bringing business discipline to medicine, today announced the general availability of RevenuitySM, its service to help small to mid-sized subspecialty medical practice groups streamline the revenue cycle management process. Revenuity is a comprehensive outsourced medical billing solution designed to deliver substantial ROI by reducing revenue leakage through services ranging from electronic billing and patient bill generation to patient collections and medical transcriptions.

Today, subspecialty practice groups such as oncology, cardiology, radiology and psychiatry, are faced with complicated billing and coding requirements that can make it difficult to oversee effective practice management. Based on its intimate knowledge of the healthcare billing process, Catalisse created a process-driven solution designed to lower the rate of claims denied, expedite claims processing, improve accounts receivable and decrease administrative costs for subspecialty practices. With Revenuity, Catalisse uses a proven, ISO 9001-certified process to manage all the labor-intensive components of medical billing such as chasing down over due accounts, resolving denied claims and interfacing with payers, to ensure optimum results.

“Prior to Catalisse, we tried to handle medical billing for all three of our locations internally and it was a disaster. We were losing money and nearing bankruptcy and needed to lay off two physicians in the process,” said Dr. Babak Mirin, President of New Mexico Psychiatric Services. “About a month after handing the bulk of our medical billing procedures over to Catalisse, we saw collections increase from 25 percent of what was charged to at least 70 percent, with time for collection decreasing from 120 days to 45 days. Catalisse helped us plug our revenue leaks so quickly and efficiently that we are able to focus on expanding our practice and services, ultimately resulting in higher quality care for our patients.”

When implementing Revenuity, Catalisse works closely with existing internal billing and practice management teams to identify areas of workflow in need of improvement and provide services wherever they are needed. Catalisse quickly takes over the day-to-day medical billing activities such as submitting daily office charges to payers, so the claim can be processed in a matter of hours and not days. Additionally, Catalisse alerts providers of claim errors prior to submission, cutting out the payment lag many practices face when they only learn of a mistake once a claim is denied. By working with the technology and systems that practices already have in place, Catalisse seamlessly integrates into the existing infrastructure avoiding any disruption to the medical billing or practice management processes.

“Having worked in subspecialty practice for nearly two decades, I have seen physician groups ‘leak’ anywhere from 5 to 20 percent of the revenue they earn, ultimately resulting in lower quality of patient care and even the closing of practices,” said Dr. Masoud Khorsand, president, CEO and co-founder of Catalisse. “When founding Catalisse, our goal was to bring business discipline to medical practice groups by translating the benefits of automated workflow, strategic outsourcing, quality-driven processes and comprehensive training. With the Revenuity service, Catalisse helps subspecialty practice groups optimize their revenue cycle management and focus on what is most important—quality patient care.”