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Revenue Cycle Management: PERFORMANCE EVALUATION
 Does your revenue cycle performance measure up to best practice standards?
Are you sitting on significant recoverable cash?
Are your processes capturing critical information and communicating effectively to your financial systems?
Introduction
Healthcare organizations face a growing number of operational challenges that often contribute to cash flow shortfalls and declining profits. The dramatic increase in uninsured and underinsured patients has seen an equally dramatic increase in bad debt expense. As organizations seek ways to maintain sufficient capital, they must look not only toward attracting new and profitable business, they must also evaluate the effectiveness and efficiency of their current operations. Significant opportunities exist in the area of revenue cycle performance.
Phoenix Health Systems, a national leader in information technology consulting and Outsourcing services, has developed a tool that quickly identifies problematic components of the revenue cycle based on financial data analysis and assessment of current processes vs. best practices. Our approach centers on a proven methodology for identifying incremental cash flow and improved net patient revenue, and is designed to be cost effective yet minimally intrusive to your staff and business operations.
Highlights
- Specific payer evaluation of payment variances
- Recommendations for recovering significant cash
- Gap analysis in relation to current processes vs. best practices
- High-level projection of potential increase in net revenue & cash flow
- Prioritized list of potential solutions for improving financial position
Fixed Pricing
The Receivables Review service is has a fixed price and includes a one-week study and evaluation of your revenue cycle with subsequent recommendations for significant cash recovery. (Out-of-pocket expenses for an on-site visit are billed separately.)
Contact Phoenix Today!
Call 214.261.0660 or email info@phoenixhealth.com |
