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On-site Operational Assessments
Evaluate all areas of clinic
. Review key performance
indicators
. Review patient flow check-in
to check-out
Coding and Billing Capture Audits
. E&M
. Review documentation of
infusion, RT, labs, surgical
procedures, etc.
Missed Charge and Drug Audits
Analytic reports comparing
dispensed drugs to billed and
paid charges
Posted Payment Audits
. Underpayment review
. Improper adjustments
Account Receivable Clean Up / Close
Out
. Work aged A/R
. Work write off reports
. Work down A/R from legacy
billing software
SCIO manages all RCM functions
. Implementation of Practice
Analyzer and Revenue
Recovery findings
. 24-hour turnaround times for
charges and payments
. 98% first pass claim rate
. 34% average reduction in days
outstanding
.4.2% average increase to topline revenue
. 43% average cost savings to
practice
Scio Management Solutions
Launches new practice improvement strategy program -
Revenue Acceleration Framework (RevAF). RevAF uses Scio
Management Solutions proprietary tools to analyze your practice’s coding,
documentation, utilization and each revenue cycle function to identify any
inefficiencies or discrepancies. Once identified, Scio will work with your practice
to correct previous errors and engage with corresponding staff to eliminate
errors from reoccurring.
WHAT PEOPLE SAY
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Scio has onsite and remote options available with most of the programs having
little to no upfront costs as Scio generates most of their fees based on successful
recovery or implementation of services to the practice. Scio has been able to
reduce practice cost of collections by an average of 43% while increasing top line
revenue by an average of 4.2%.
SCIO Management Solutions is a revenue cycle management and consulting firm focused on cancer disease related
specialties with extensive knowledge in medical and radiation oncology, diagnostics, and various surgical specialties.
We understand the complexity of buy-and-bill medical specialties and provide expertise to improve revenue recovery.
SCIO’s Consulting and Auditing Services not only identify the gaps in a practice’s revenue cycle, but SCIO will correct the errors and refile the corrected claims on behalf of your practice. Our Revenue Recovery Audits are contingencybased, so there are no upfront fees and we only collect a percentage of the recovered revenue recognized in the audit that your practice wasn’t aware was missing.