Your hospital should be bringing in the revenues it has earned. We’ll help you make the right remediation decisions and support necessary process changes.
Strategic, effective revenue cycle management has never been more necessary than in this post-ICD-10 environment. The hospital revenue cycle encompasses the entire patient experience, starting with registration…moving on to documentation, coding, billing and reimbursement. Our revenue cycle consultants can help your organization make sure it has the processes and tools needed to optimize your revenue cycle performance at a time when many hospitals are losing money or barely breaking even.
We will partner with you to determine your best, most cost-effective go forward strategy to realize maximum revenues. We analyze your operational needs and revenue results relative to leading benchmarks to help you formulate a roadmap for optimizing revenues across your processes and information systems. We can help you asses your best options for appropriate revenue cycle technology and/or outsourcing, including follow-on implementation and change management coordination. If current processes need remediation, we will help you develop more effective, best practice procedures and processes, and identify new opportunities for cost reductions and revenue enhancement.
- Recommendations for appropriate revenue cycle technology and/or outsourcing, including follow-on implementation and change management coordination.
- Development and documentation of more effective, best practice procedures and processes.
- Discovering ICD-10 impact to reimbursements.
- Identification and development of new opportunities to enable cost reductions and enhancing revenue.
Our solutions fall into the following areas:
- Proactive monitoring of reimbursements and cash flow.
- Enhancing of patient access processes.
- Designing a technology infrastructure that will meet short- and long-term revenue management needs.
- Enhancing workflows and inter-departmental collaboration and alignment to eliminate reimbursement inefficiencies.