Compare Experian Health vs. Nobility RCM

The process of patient access serves as the foundation for the entire revenue cycle management in healthcare. By ensuring that patient information is accurate from the outset, healthcare providers can minimize errors that often lead to additional work in administrative departments. A significant portion, between 10 to 20 percent, of a healthcare system's revenue is spent on addressing denied claims, with a staggering 30 to 50 percent of these denials originating from the initial patient access phase. Transitioning to an automated, data-oriented workflow not only mitigates the risk of claim denials but also enhances patient care access, thanks to features such as round-the-clock online scheduling options. Furthermore, patient access can be refined by streamlining billing processes through real-time eligibility checks, which provide patients with precise cost estimates during registration. Additionally, enhancing registration accuracy leads to greater staff efficiency, allowing for immediate rectification of discrepancies and errors, thereby preventing expensive claim denials and the need for further administrative corrections. Ultimately, focusing on these elements not only safeguards revenue but also elevates the overall patient experience.

Nobility RCM provides complete medical claims and collections services alongside a unique Pre-Funding model that alleviates financial burdens for healthcare providers. This innovative approach not only enhances patient satisfaction but also boosts revenue streams for its clients. Their extensive medical billing services encompass claims management, collection oversight, and thorough billing assessments aimed at maximizing revenue intake. Clients of Nobility RCM benefit from exclusive access to the Nobility Pre-Funding option, which guarantees timely revenue for healthcare organizations. By handling claims payments and subsequently collecting from insurance companies, Nobility RCM ensures that clients have immediate access to necessary funds while enjoying a comprehensive billing solution. Upon successful analysis and approval, clients can apply for Pre-Funding, with a structured revenue payment plan set in place to ensure cash flow stability. This strategic financial support empowers healthcare organizations to focus on patient care rather than financial concerns.