Here are three things to know about the move.
1. The move was made to meet growing client demand. According to the report, LBMC has experienced a steady increase in demands from independent medical practices, physicians employed at hospitals and health systems and mid-level providers who need support handling revenue cycle services.
2. To meet this demand, LBMC is providing revenue cycle services for physicians and mid-level providers on a larger scale, according to the report.
3. The company currently provides services for various specialties through its physician business solutions team. According to the report, those specialties include physician management support and EMR solutions, physician practice revenue cycle services, physician practice management/admin oversight and medical services organization to include human resources, billing, consulting and accounting.
More articles on finance and revenue cycle management:
For-profit hospital stock report: Week of Feb. 15-19
OIG: Connecticut hospital received $249k in Medicare overpayments
Medicare spending spikes due to lengthy hospice care: 5 things to know
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.