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Why Optimize Medical Coding?
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Benefits of Optimized RCM
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Ready to Optimize?
Why Optimize Medical Coding?
Accurate medical coding is the foundation of a successful revenue cycle. It ensures that healthcare providers are reimbursed promptly and correctly for the services they provide. However, the complexities of medical coding can lead to errors, delays, and claim denials, all of which can negatively impact your bottom line.
Enhance your revenue with
strategic optimization
In the fast-paced world of healthcare, efficiency and accuracy in medical coding and revenue cycle management are crucial. Ensuring that your organization’s financial health is as robust as your patient care starts with optimizing these essential processes.
Exceeding MGMA Standards
Your Trusted RCM Partner At Wave Online, we don't just meet industry benchmarks—we surpass them. While the Medical Group Management Association (MGMA) sets the gold standard for revenue cycle management (RCM) performance, our advanced processes, technology, and dedicated team consistently outperform these metrics. How We Compare:
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Faster Claims Processing
Our average claims processing time is 35 days, well below the MGMA standard of 40 days, ensuring quicker revenue for your practice.
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Higher First-Pass Resolution Rate
We achieve a 92 % first-pass resolution rate, exceeding the MGMA benchmark, reducing denials, and increasing your cash flow.
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Lower A/R Days
Our clients enjoy an average A/R day of 38, significantly better than the MGMA standard of 40 days, reflecting our efficiency in collections.
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According to MGMA, the median % of AR > 90 days is 21%, and the top tenth percentile is 14%. Based on the best practices of Wave Online clients, the top performing providers have an AR > 90 days less than 15 % of the total. Partner with Wave Online and experience RCM excellence that sets new standards in the healthcare industry.
Proven Solutions for
Doctors
Specialties
Laboratories
Billing Services
Hospitals
Enterprise
Your RCM Growth Partner
Net Collection
Rate
First Pass
Success Rate
Coding
Accuracy
Aging > 90 Days
AR Days
0
RCM Specialties
$ 0 M
Charges Billed
0
Client Sites
0
Years of Excellence
0
Clients
$ 0 M
Payments Posted
$ 0 M
AR Managed
0
Employees & growing
Industry Updates
Do you aspire to apply and develop your expertise and experiences in the Revenue Cycle
Management
Healthcare? If your answer is yes, come and explore opportunities with us.
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When you create a high-performance revenue cycle, you’re finally free to invest your full resources into what matters most: the care of your patients.