Currence Physician Solutions

What is Revenue Cycle Management (RCM)?

Revenue Cycle Management (RCM) is the financial process that healthcare facilities use to track patient care episodes from registration and appointment scheduling to the final payment of a balance. Currence Physician Solutions provides comprehensive RCM services including claims submission, denial management, and payment posting with a 97% first-pass rate.

How can Currence improve my practice's revenue?

Currence Physician Solutions improves practice revenue through expert claims management, denial prevention, and real-time financial analytics. With 44+ years of healthcare experience, we help practices achieve higher collection rates, reduce days in A/R, and identify revenue opportunities through our comprehensive analytics dashboard.

What specialties does Currence serve?

Currence Physician Solutions serves a wide range of medical specialties including ENT (Otolaryngology), multi-specialty practices, surgical centers, and primary care. We have particular expertise in ENT billing and revenue cycle management through our partnership with ENT Partners.

Do you offer a free revenue cycle assessment?

Yes! Currence Physician Solutions offers a complimentary Revenue Cycle Stress Test to evaluate your practice's financial health. This assessment analyzes your current RCM performance, identifies revenue leakage, and provides actionable recommendations for improvement.

How much does medical billing outsourcing cost?

Currence Physician Solutions charges 4.5%–9% of collections for full-cycle revenue cycle management, depending on specialty, volume, and complexity. There are no setup fees and no long-term contracts required. This typically delivers a net positive ROI through higher collection rates and reduced overhead compared to in-house billing.

What is a good net collection rate for a physician practice?

A strong net collection rate for physician practices is 95% or above. The industry average is around 92–94%. Currence Physician Solutions helps practices achieve and exceed the 95% benchmark through denial prevention, clean claims submission, and proactive A/R management. A 4-percentage-point improvement in net collection rate on a $3M practice can mean an $840,000 swing in enterprise value at a 10x EBITDA multiple.

What is a good first-pass claim acceptance rate?

Top-performing physician practices achieve a first-pass claim acceptance rate of 95% or higher. Currence Physician Solutions maintains a 97% first-pass rate through rigorous eligibility verification, coding review, and payer-specific claim scrubbing before submission.

How does revenue cycle management affect practice valuation?

Revenue cycle metrics directly impact practice valuation. Private equity buyers and strategic acquirers evaluate net collection rate, days in A/R, denial rate, and first-pass rate as proxies for earnings quality. Clean revenue cycle metrics support higher EBITDA multiples. For example, a 4-percentage-point gap in NCR on a $3M practice translates to $840,000 in enterprise value at 10x.