Revenue Cycle Management Software

We develop revenue cycle management software (RCM) for medical organizations to facilitate hospital services, streamline payment processes, maximize return on investment, and optimize the allocation of resources.

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RCM software development services

RCM software

Altoros builds and customizes comprehensive RCM and medical billing solutions to track revenue from patient registration or first appointment to the final payment.

RCM for medical billing

Adding billing software to revenue cycle management systems helps medical organizations to optimize financial performance through transparent and accurate invoicing, claims management, and online payments. We eliminate operational inefficiencies, enabling medical staff to focus on patient treatment while increasing profit margins.

RCM integration and migration

Our engineers integrate third-party solutions (e.g., insurance verification, decision support, billing, etc.) into healthcare revenue cycle management software. We also migrate data from your legacy systems into secure centralized storage.

RCM for reporting

Altoros incorporates robust analytics and business intelligence software into revenue cycle management systems to generate financial reports, monitor key hospital performance parameters, and identify missed revenue opportunities.

RCM for patient management

RCM systems enable medical organizations to create patient profiles and automate scheduling, tracking, accounting, as well as reporting. Our developers integrate patient management modules into electronic health record (EHR) or electronic medical record (EMR) systems.

RCM for eligibility verification

We develop revenue cycle management software for hospitals to verify insurance eligibility, track claims submissions, detect human error, as well as ensure compliance with industry regulations.

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Revenue cycle management software features

Explore all the clinical and administrative features of revenue cycle management software that increase profitability and efficiency

Patient data collection

Patient visit records

Charge capture

Authorization and eligibility verification

Claims submission and management

Payment processing

Customized implementations

Patient data collection

We offer custom revenue cycle management software development to help healthcare organizations to collect and store detailed payment statements and patient information, such as insurance coverage, financial and clinical requirements, etc.

Patient visit records

Collect electronic health records to generate the International Statistical Classification of Diseases (ICD), Current Procedural Terminology (CPT), and revenue codes—in accordance with insurance guidelines—based on the range of medical services provided to a patient.

Charge capture

The RCM software automates the generation of standardized codes—used to bill insurance companies—based on medical records. This can save hundreds of dollars per single patient, dramatically reduce manual efforts for doctors, and prevent insurance denials due to human error.

Authorization and eligibility verification

Authorization and eligibility verification help healthcare institutions to register new patients, track scheduled appointments, as well as process insurance, financial, and billing information.

Claims submission and management

The RCM system helps to submit claims to insurance companies and keep record of invoices.

Payment processing

An integrated payment processing system enables customers to settle their bills securely and reliably via a patient portal.

Customized implementations

Altoros delivers custom RCM implementations tailored to your business needs while also following industry best practices to maximize turnover and profit.

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Benefits of revenue cycle management software

Shorten your revenue cycles, introduce transparent billing services, streamline patient data management, and accelerate claims.

Transparent payment processes

No billing errors

Enhanced patient experience

Faster collections process

Decrease in administrative burden

Better claim scrubbing for fewer denials

Revenue integrity

Why companies choose Altoros

Compliance

When building RCM software, we abide by the standards and regulations accepted in the healthcare industry, including the Health Insurance Portability and Accountability Act and the General Data Protection Regulation.

Security

As part of revenue cycle management software development, we implement comprehensive security measures (multifactor authentication, role-based access control, frequent backups, etc.) to protect sensitive medical data from cyberattacks, unauthorized access, data leaks, and other types of vulnerabilities.

Cloud-native development

The 12-factor app approach allows us to build scalable cloud-native software for ever-growing amounts of data and the increasing number of users. Thanks to the Agile methodology, engineers at Altoros deliver in frequent iterations, satisfying changing customer needs and reducing time to market.

Interoperability

Revenue cycle management software development at Altoros helps medical organizations to enable a seamless flow of information between facility departments, labs, insurance companies, and other involved parties.

Integrated healthcare

We are a system integrator of mHealth apps and EMR software with remote patient monitoring solutions that provide better patient engagement experiences and reduce clinical expenses.

Maintenance and support

In addition to RCM solutions and IT consulting services, we provide 24/7 maintenance, support, and effective troubleshooting of your systems across all levels (infrastructure, platform, etc.).