TELCOR Revenue Cycle Management

Lower Your Cost of Billing and Maximize Collections with TELCOR RCM

%

average increase in collections after switching to TELCOR.

months on average to achieve a return on your investment.

%

improvement in productivity resulting from automated rules and staff reallocation.

Outsourced Lab Billing

TELCOR Revenue Cycle Services allows labs to outsource their billing to experienced, U.S.-based laboratory billing professionals. Customers receive oversight and support with a dedicated Client Services Coordinator allowing you and TELCOR to work as a team with no additional fees.

Revenue Cycle Management

TELCOR RCM empowers laboratories to control their revenue cycle and billing functions better than any solution on the market today. By switching to TELCOR, labs gain unparalleled visibility to manage its revenue ensuring collections are increased and operating costs are minimized.

Why Labs Choose to TELCOR

Software designed specifically for laboratories

Our software solution, TELCOR RCM, manages the many complexities facing labs by using an exception-based rules engine and custom pre-processing rules.

Automating these procedures reduces manual intervention and frees staff for other projects.

Unmatched analytics driving business decisions

Our goal is to provide you with useful, real-time intelligence directly in the application. At any time, you can run reports by client, CPT code, payer, and other criteria.

You can easily analyze payer reimbursement, claim denials and appeals, AR by payer, client or patient responsibility, profitability, and more.

Send clean claims the first time

Submitting clean, compliant claims the first time greatly reduces denials helping you get paid faster.

With more than 60 validations and rules performed, simplify your workflow by doing everything from:

  • Medical necessity checking
  • Grouping and pricing bundled CPT codes
  • Applying of MUE rules

Flexible pricing and client billing

Managing various pricing scenarios can be a challenge. TELCOR RCM includes extensive functionality to customize pricing and meet diverse contract requirements to support client billing.

You can create pricing by client, financial class, payer, state, locality, and patient class.

Gain complete access to your data

We provide our customers with dynamic, real-time intelligence directly from the application. You can display data in a pivot grid making it easy to:

  • Customize views to track your KPIs
  • View detailed analytics to compose specific metrics
  • Adapt reports as KPIs evolve

Increase net collections

Using all of the functionality of TELCOR RCM, including online client and patient portals, labs typically experience a 10-30% improvement in net collections. They also typically achieve ROI in 8-12 months.

 

“Over the years, the amount of growth the company has had versus the amount of employes we’ve had to add, I think is directly related to the advanced processing rules and exception-based system that TELCOR has. We can drive workflow and automation through those rules that don’t require you adding head count to the system or at least at a much slower rate than your volume is going to grow.”

Jeff Nally | SVP of Revenue Cycle Management | Dominion Diagnostics

 

See for yourself why hundreds of labs are switching to TELCOR.