Arrowhead Radiology Medical Group has selected McKesson to manage its revenue cycle operations.
McKesson's Revenue Management Solutions group will provide services designed for the Colton, Calif.-based nine-physician radiology practice, including billing, accounts receivable management, reporting and account management services.
"We were concerned as to whether we were realizing our full financial potential as a medical group," said Fred Orr, MD, radiology chairman at Arrowhead. "We work with a difficult payer mix, so we wanted a billing service that would truly help our practice succeed at all levels."
Arrowhead expects to increase revenue through improved collections, reporting and account management.
Employees focused on the radiology specialty support McKesson's radiology revenue management service. In addition, service taps the expertise of coders who specialize in interventional radiology, making it possible for Arrowhead to increase revenues related to interventional procedures such as catheter angiography and catheter embolization.
"We have been providing patients with top-notch radiology services all along," said Orr. "But as physicians we appreciate our partnership with McKesson to help us document appropriately for reimbursement."
"Physicians are working in an era when they see their financial rewards declining, so they are naturally frustrated with the business aspects of medicine," said Pat Leonard, vice president and general manager of Revenue Management Solutions at Atlanta-based McKesson Provider Technologies. "McKesson is able to help them achieve the ideal revenue cycle management processes, resulting in optimal income for doctors. As a result, physicians can put all of their energies into providing the best clinical care possible to patients."
Does your practice employ a radiology revenue management service? Send your stories of success or flops to Associate Editor Chelsey Ledue at chelsey.ledue@medtechpublishing.com.