Personal Injury Protection & Revenue Cycle Management
Personal Injury Protection (No Fault Car Insurance)
Personal injury protection (PIP) is a type of car insurance coverage that is required in the state of Florida. It provides financial protection for individuals who are injured in a car accident, regardless of who is at fault. PIP coverage pays for medical expenses, lost wages, and other related expenses up to the limits of the policy. In Florida, PIP coverage must be at least $10,000 per person. PIP coverage is designed to help individuals who are injured in a car accident get the medical treatment they need as quickly as possible, without having to worry about paying out-of-pocket expenses or waiting for a settlement to be reached.
Florida’s laws regarding PIP are confusing and filing an insurance claim is fraught with challenges. The skilled Florida PIP insurance attorneys at The Sholl Firm specialize in handling PIP claims in Florida and have a track record of successfully recovering millions of dollars in PIP benefits for their clients.
Revenue Cycle Management (RCM)
Revenue cycle management (RCM) is the process of managing the financial aspects of a healthcare organization's operations. It involves the identification, billing, and collection of patient fees, as well as the management of accounts receivable and the generation of financial reports. The goal of RCM is to optimize the revenue of the organization by streamlining the billing and collection process, reducing errors and denials, and improving the overall efficiency of the revenue cycle. RCM involves a range of activities, including patient scheduling and registration, charge capture, coding and billing, payment posting, and collections. In order to be effective, RCM requires the integration of various systems and processes, as well as the effective use of data analytics and automation.
Got Ciclo?
One of the critical paths to sustaining a successful healthcare business is the health of the revenue cycle. Our Affiliate, Ciclo, is a revenue cycle management company that partners with healthcare industry leadership in transforming revenue cycle departments to operate at peak performance and maximize cash flow.
Ciclo is committed to offering premium services in the areas of complex claims and denials management. Core to Ciclo's premium services is its contemporary and proprietary technology platform comprised of industry-leading applications, security, and business intelligence – all of which are architected specifically to the services they offer.