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Custom Revenue Cycle Management Solutions
Are you a clinic, laboratory, or independent practice association (IPA) tired of chasing down payments from patients and health insurance companies? Are slow billing processes, inaccurate coding and scrubbing, and repeated claim rejections and denials draining your time and budget? EffectiveSoft is here to help. We build tailored revenue cycle management (RCM) software that effectively manages your financial operations and performance, freeing you to focus on what truly matters—delivering excellent patient care.
Clutch proven
Our extensive healthcare experience, empathy with clients, and ability to tackle complex medical projects have earned us the prestigious Top Software Developers Medical and Top IT Services Company Medical designations by Clutch.
Services
Our revenue cycle management software development services
Do cumbersome workflows, fragmented data, late payments, and poor patient experiences sound familiar? Tackle these issues with our IT-focused revenue cycle strategy and consulting. We thoroughly assess your current operations and develop an effective RCM strategy that automates most of your manual processes and boosts your cash flow.
The RCM process generates massive amounts of data, which is often scattered across electronic health records (EHRs)/electronic medical records (EMRs), billing systems, coding platforms, and spreadsheets. EffectiveSoft helps clients build robust data warehouses that serve as a single source of truth and create a solid foundation for actionable data insights.
Turning your healthcare data into meaningful knowledge is key to financial and operational excellence. We create customized dashboards and reports—powered by proactive analytics—that not only track key performance indicators (KPIs) and metrics trends but also promptly flag potential problems like claim denials.
Are you struggling with slow-performing and outdated RCM software? Revitalize it with EffectiveSoft. We conduct thorough audits of your existing RCM ecosystems and offer tailored solutions that suit your long-term goals. Our specialists will assist your IT department with projects like cloud migration, performance optimization, and complete system overhauls.
Even if an RCM product offers excellent features, it can still face low adoption rates because end users find it hard to navigate. EffectiveSoft helps clients improve user interfaces (UIs), streamline user experience (UX) workflows, and provide targeted training to ensure their RCM software is employed effectively and addresses real user needs.
Want your revenue cycle operations to be smarter and more productive? Rely on our Microsoft- and Oracle-certified team for AI integration. We’ll help you with multiple use cases, including AI-powered assistants that offer real-time code suggestions, provide tips from up-to-date coding manuals, and use smart coding pattern recognition to prevent claim inconsistencies.
Expanding an RCM system involves integrating with clearing houses, payers, EHRs, and accounting systems, while adeptly managing big data challenges. Using our broad expertise, we build seamless integrations with a wide range of healthcare systems and develop scalable architectures that handle growing data volumes with ease.
“Revenue cycle management is a complex process with many nuances. With a deep understanding of the healthcare domain and proven expertise in cutting-edge technology and software implementation, EffectiveSoft strives to bring maximum value to its clients. We lift the technological burden, allowing our clients to focus on the business side.”
Alexey Kozlovsky
Delivery Manager
Advantages
Benefits of revenue cycle management software
Whether you need to build custom RCM solutions or improve existing software, EffectiveSoft has you covered. We will help you:
Redefine RCM accuracy
Forget about medical coding and billing errors and achieve clean claims on the first try with EffectiveSoft’s powerful revenue cycle management software. The more accurate the initial claim, the faster you’ll see the revenue.
Lower operating costs
How do the RCM systems we develop lower operating costs? By rooting out manual and paper-based inefficiencies, conforming to CPT, ICD-10, and HCPCS to avoid legal expenses, and reducing claim resubmissions.
Boost administrative efficiency
Work smarter, not harder using custom RCM solutions created by our team. RCM software automates everything from patient preregistration to revenue reconciliation, allowing your medical staff to take better care of patients.
Elevate patient experiences
A satisfied patient is likely to return for future care. EffectiveSoft’s RCM systems create a transparent payment process and ensure fast front- and back-office operations, helping you deliver service that keeps patients coming back.
Improve cash flow
No more unpaid bills, bad debt, and fighting for reimbursement—thanks to the RCM software we deliver. Powered by predictive analytics, it flags high-risk claims, patients, and insurers; identifies payment delays; and captures charges 24/7.
Make data-informed decisions
The customized revenue management solutions we build give you complete control over your economic health, helping you make the right business and financial decisions based on insights from your historical and real-time data.
Foster future growth
No matter the size of your healthcare business, EffectiveSoft equips you for growth with intrinsically scalable RCM software that effectively manages an expanding RCM environment—covering more services, patients, bills, and claims.
Gain a competitive advantage
Do you prefer being in the mix or staying on the sidelines? As technology advances, ignoring it risks alienating even your most loyal patients. Implement a tailored RCM system by EffectiveSoft and stay confidently ahead of the game.
What about you?
Eliminate billing and collection inefficiencies and receive timely payments from patients and health insurers with revenue cycle management software built by our team. Do you have a pain point we haven’t mentioned? Share it below!
Our clients
We build RCM software for various healthcare entities
Medical billing companies
Are manual billing operations leading to time-consuming scrubbing, missed inefficiencies, and lost data? Reduce claim rejections and increase clean claim rates with an effective RCM solution.
Hospitals and clinics
With revenue cycle management software, hospitals and clinics benefit from faster insurance verification, automated claims processing, fewer days in accounts receivable (AR), and steady revenue streams 24/7.
Private practices
Customized healthcare revenue cycle solutions for independent practices eliminate manual burdens, helping employees effectively juggle administrative and clinical tasks with minimal errors.
Physician groups
If your physician group struggles with inaccurate medical or procedure codes, an influx of patients, and changing HIPAA rules, integrate a custom RCM system and watch your business transform.
Telehealth providers
Are you frustrated with complicated insurance policies, inconsistent payments, and integration challenges? Custom RCM software will seamlessly fit into your telehealth ecosystem and solve key pain points.
ACOs and MSOs
Accountable care organizations (ACOs) and management services organizations (MSOs) integrate tailored RCM systems to support value-based reimbursement and simplify billing and invoicing processes.
We developed a management system for enhanced medical billing and insurance claim submission and processing.
We developed high-performance, modern, and intuitive Power BI dashboards that improved financial reporting and enabled faster decision-making.
We developed a web portal that aggregates data from medical devices used in more than 29 countries.
We developed medical coding solutions that accelerate the medical coding process and reduce human-related errors, increasing revenues for healthcare providers.
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View portfolioFeatures
We equip your RCM software with essential features
- 01
Automated coding and scrubbing
Assigns medical codes to services, diagnoses, and procedures; scans your claims for discrepancies and invalid details; and suggests the necessary corrections. - 02
Integration capabilities
Seamlessly connects with EHRs/EMRs, practice management systems (PMSs), insurance verification platforms, and other software. - 03
Eligibility verification
Verifies patients’ insurance coverage at an early stage of the RCM process, eliminates potential eligibility issues, and reduces claim denials and payment delays. - 04
Claims management
Automates claims submissions and real-time status tracking, supports AI-powered predictive denial management, and enables claim appeals and resubmissions. - 05
Patient portal
Grants patients access to their health information, simplifies communication with healthcare providers, and facilitates appointment scheduling and online payments. - 06
Reporting and analytics
Provides real-time insights into RCM operations, analyzes relevant KPIs like clean claim and net collection rates, and drives more informed business choices. - 07
Customizable dashboard
Visualizes complex healthcare data using responsive charts and graphs, highlights key metrics and trends, and identifies areas for improvement. - 08
Security and coding compliance
Protects sensitive information with measures like encryption and HIPAA compliance and offers coding validation based on HCPCS, ICD-10, and CPT. - 09
AR management
Monitors outstanding invoices, sets reminders for due and past bills, follows up on claims, handles payer collections, and reduces AR days. - 10
Multi-location and multi-provider support
Unifies billing and collection processes across diverse locations, insurers, and healthcare providers to ensure consistent financial performance. - 11
Cloud and on-premises deployment
Offers the flexibility to host your RCM software in the cloud or on-premises—depending on your capabilities and preferences.
Process
Our revenue cycle management software development process
Business analysis
Our team of business analysts thoroughly analyzes your revenue cycle processes, needs, and constraints. We then create a clear project road map and provide a general estimate for the project.
Solution architecture
Next, EffectiveSoft’s solution architects create a custom architectural blueprint, select suitable development tools and technologies, and identify potential challenges that might arise later in the project.
UX design
We analyze end-user needs and create an intuitive UX design focused on usability and accessibility. Our design team makes sure the final system delivers seamless and human-centered interactions.
RCM development
Our RCM developers then translate the solution architecture and UX design from the previous steps into working code. We equip the software with essential RCM features to ensure your long-term financial health.
Quality assurance and testing
From the beginning of development, we detect emerging issues and provide immediate fixes. Once the full RCM solution is available, our testing team evaluates it for security, compliance, performance, and more.
Deployment
After end-to-end testing, the software is ready for launch. We select a suitable deployment strategy and integrate the RCM software into your infrastructure, paying attention to its full compatibility with existing systems.
Maintenance and support
Even after your solution goes live, EffectiveSoft continues to support it—monitoring its performance, resolving emerging issues, integrating new features, and refining it based on user feedback.
Why us
Why choose EffectiveSoft?
Proven expertise in healthcare
We have created powerful RCM and medical billing and coding solutions for companies like MedScope and TruBridge. We know inside and out the challenges the healthcare industry struggles with, and our decades of practical expertise will help you resolve them.
Fully secure and compliant solutions
Healthcare is awash with data, which demands a comprehensive security approach. To protect your sensitive information at every level, we maintain the ISO/IEC 27001 certification and comply with GDPR, FHIR, HIPAA, and the HITECH Act.
Respect
We believe every business, regardless of size, deserves respect and full support, no matter how complex the challenge. That’s why we approach every project with care, commitment, and a genuine desire to help you succeed.
Worldwide reach
EffectiveSoft embraces different regions—LATAM, Europe, the US, and the UAE—helping businesses grow through a blend of expert insights and technology. We deliver region-specific solutions that reflect your culture and resonate with your audience.
Robust portfolio
In our two decades as an IT company, we have transformed 1,835 complex concepts into real, working solutions across 14 industries, including healthcare, financial services, trading, and real estate. Let’s turn your idea into an inspiring success story!
Quality at every touchpoint
EffectiveSoft is your go-to partner that puts high quality first. Each digital product we deliver combines consistent functionality, intuitive UX, built-in scalability, and all-round data protection—boosting conversions and earning user trust.
Testimonials
What our clients say
Professionalism and the quality of service
We have been partnering with EffectiveSoft since 2006, so we’ve had time to become familiar with their professionalism and the quality of service they provide. Of particular note, I would highlight the great responsibility which my custom software development company assumes when solving critical tasks: I am always confident of the thoroughness of the research and the design of the solution. With their help, we are able to do releases every quarter without resorting to individual heroics or burning everyone out. That allows me to focus my attention less on day-to-day release activities and more on other critical company responsibilities.
Thomas Golden
TruBridge (formerly TruCode), USA
Tech stack
Our RCM development tech stack
- CSS
- TypeScript
- Meteor
- Vue.js
- Next.js
- Ember
- Microsoft SQL Server
- MySQL
- Oracle
- PostgreSQL
- Cassandra
- Hive
- Apache HBase
- NiFi
- Amazon Simple Storage Service
- Amazon Redshift
- Amazon DynamoDB
- Amazon DocumentDB
- Amazon RDS
- AWS ElastiCache
- Azure SQL Database
- Azure Data Lake
- Azure Blob Storage
- Azure Cosmos DB
- Azure Synapse Analytics
- Azure Kinect DK
- Azure RTOS
- SharePoint
- Dynamics 365
- Office 365
- Odoo
- Salesforce
- Joomla
- Drupal
- Pimcore
- Moodle
- Amazon SageMaker
- TensorFlow
- Azure Machine Learning
F.A.Q. about RCM software development
Revenue cycle management in healthcare is the process of managing financial aspects of medical care, from a patient’s initial contact with a healthcare provider to the final reimbursement.
Revenue cycle management software helps healthcare practices streamline their financial operations and collect payments for the medical services they provide. The importance of an RCM solution for healthcare organizations lies in its ability to reduce claim rejections and denials, minimize AR days, manage legal risks, and ensure a stable cash flow from patients and health insurance payers.
The four key steps in the healthcare revenue cycle are patient preregistration and appointment scheduling, insurance verification, coding and charge capture, and claims submission.
An effective RCM system incorporates front-office and back-office components. While the front end focuses on patient-related processes, such as registration, eligibility, authorization, and medical care, the back-end part deals with administrative procedures like billing; claims processing, management, and denials; and reimbursement.
An accurate answer depends on factors like the size and complexity of your desired RCM software, including functionalities, customization levels, and specific integrations. Are you interested in an exact quote for your RCM project? Let’s schedule a call to discuss your RCM system requirements for a detailed price estimate!
There’s no one-size-fits-all answer, as the timeline for building a ground-up RCM solution depends on the scope of the project, the complexity and number of features to be integrated, the expertise of the development team, the technologies and tools used, and more. Contact us now for a precise time estimate for developing your RCM solution.
Finding a supportive technical partner with a disruptive edge is key to the success of an RCM project. Why is EffectiveSoft the best in this regard? The facts speak for themselves.
With over 20 years of industry experience, we have built scalable, powerful solutions, including robust RCM systems, for dozens of healthcare companies. In numerous testimonials, grateful clients praise our responsibility, curiosity, and determination to solve complex challenges and deliver effective solutions. Our talented team members continuously hone their skills and boast an impressive array of field certifications, including the Professional SCRUM Master I, Azure Solutions Architect, and Oracle Certified Generative AI. That means your RCM project will be in safe and reliable hands, from start to finish. Do you want to know more? Seeing is believing—let’s arrange a call and get acquainted.
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