HAVE YOU IDENTIFIED A NEED TO IMPROVE A SPECIFIC AREA OF YOUR REVENUE CYCLE?
Our team of advisors is able to partner with your staff to execute projects while allowing them to focus on core operations. Examples of initiatives include:
Implementing a centralized insurance verification / authorization unit
Improving all aspects of the self-pay revenue cycle from pre-service through bad debt collections
Addressing revenue cycle performance for specialty services such as behavioral health
Developing a comprehensive denials management program
Designing and executing an accounts receivable backlog reduction strategy
Developing an overall managed care strategy and renegotiating key managed care contracts
Implementing a vendor management program to ensure the right mix of vendors and outcomes
Reasons to consider external resources for your revenue cycle improvement project:
Internal staff can focus on day-to-day operations
It is often very challenging for healthcare leaders to focus proactively on performance improvement initiatives because of constant meetings and managing fast-paced daily operations. We can serve as the “extra arms and legs” needed to complete priority projects in desired timeframes.
Outside objectivity & industry best practice perspectives
Our consultants have collectively worked in hundreds of healthcare organizations, and we know what works and how to drive change. We are also actively involved in professional organizations that support best practice development.