CONNECT WITH CHALLENGEMED.
ChallengeMed is a Medical Billing, Medical Coding and Revenue Cycle Management Company. We are committed to ensuring that our clients receive the highest quality services and optimal reimbursement. We are dedicated to making sure our clients get paid accurately and on time. We understand each client is unique and customize our process plan to suit their needs. We collaborate very closely with our clients and their staff to truly work as their extended office.
ChallengeMed offers cost-effective solutions for the entire revenue cycle management process cycle We bring together the expertise of our people, mature technology, and processes, enabled by a focus on rigorous training and stringent compliance processes.
We enable our healthcare providers to focus on providing high-quality care while we reduce their total costs to process through our deep global delivery model supporting the end to end chain of revenue cycle processes. We provide flexible engagement models including % of collections, monthly FTE rates, and transaction pricing – so that you have the flexibility to choose to pay as you go or pay for outcomes.
Through deep revenue cycle services experience, proven ability to deliver the business outcomes that you seek, and our mature global delivery model, we improve the profitability and performance our clients.
- Increase in Revenue
- Increase collections by 18% to 20% by using technology enabled solutions
- Assured increase in client’s cash flow
- Reduction in Costs
- Best-in-class services at market leading price points
- Up to 40% reduction in operating cost
- Often, the revenue improvement that we bring about far exceeds the investments in the revenue cycle function itself
- Process and Business outcomes
- Improved clean claim submission ratio and focus on denial prevention reduces Insurance follow-up and accelerates cash flow
- Cautious, accurate and timely submissions of claims by our skilled team ensure that payers revert on claims acceptance within 1-2 business days
- Decrease in AR days and avoid financial delays
- Prompt follow up on open claims starting from 30 days of aging
- Quicker turnaround time for claim submission and cash posting
- Faster collection cycle
- Over 97% coding accuracy
- Our Capability levels
- Follow HIPAA rules to protect PHI data
- Deep medical coding experience enabled by a pool of seasoned coding professionals
- Highly skilled billing experts