Our Solutions

Fire Up your Revenue Cycle With Billing Solutions Built For Success

Effortless Billing Solutions for Real Results

Streamlined Claim
Submission

Fast-Track
Processing

Optimized
Revenue

95% revenue collection rate

Medical Billing Service

Medivo improves patient billing and collections by enhancing billing accuracy, streamlining claim follow-ups, and optimizing coding practices. While many healthcare providers collect only 70% of what they bill, Medivo helps increase the revenue collection rate to 95%, improving financial performance and cash flow.

Reduction in Billing Errors

Faster Payment Turnaround Times

Increase in Revenue Collection Rate

99% First-Pass Claim Resolution

Auditing & Consulting

Medivo enhances medical record reviews and coding practices to improve claim accuracy and compliance. It reduces claim denial rates from 15% to 5% and increases first-pass claim resolution to over 99%, compared to the 75% industry average. With error-checking tools and real-time verification, Medivo speeds up claim processing and boosts revenue flow.

Reduction in Claim Denial Rate

Increased First-Pass Claim Resolution Rate

Days in AR reduced to less than 20 days

Revenue Cycle Management (RCM)

Medivo effectively manages the entire revenue cycle, from translating healthcare services into standardized codes to streamlining the billing process. Industry standards place the average days in accounts receivable (AR) between 30-40 days. However, with Medivo’s improved billing cycle management and enhanced claim follow-up processes, AR days are significantly reduced to 15-20 days, leading to faster payment cycles and improved cash flow.

Improved Accounts Receivable (AR) Days

Revenue Growth for Healthcare Providers

Increased Practice Efficiency

Improved Financial Reporting and Analytics

100% Patient Satisfaction

Patient Support Services

Medivo enhances patient satisfaction by providing clear, accurate billing and resolving issues quickly, helping patients navigate the healthcare system easily. Industry-wide, unclear billing often frustrates patients, but Medivo simplifies billing procedures and offers educational materials, ensuring a smoother experience and better understanding of their health and medical treatments.

Enhanced Patient Satisfaction

Boost in Revenue by 99%

Data Mining in Revenue Cycle

Medivo uses advanced data mining to analyze patient data, uncovering trends that improve healthcare practices. It enhances patient outreach with personalized messages, streamlines appointment scheduling to reduce no-shows, and automates administrative tasks, allowing providers to focus on quality care. This approach boosts patient retention and increases revenue for healthcare practices.

Appointment Scheduling

Patient Outreach

Retention Strategy

Revenue Boosting

20% boost in revenue by integrating LVX

Laboratory & Diagnostics

Revolutionize medical billing with LVX, an AI-driven platform designed to boost revenue by 20% and reduce denial claims by 30%. Our advanced algorithms provide real-time insights to address issues, optimizing revenue cycle management proactively. With LVX handling your billing, healthcare providers can focus on delivering exceptional patient care. Experience the future of healthcare today!