We build relationships that last with results that last.
No less than 9 x ROI for any client … EVER
People, process and technology working as one
Explore our Integrated Revenue Cycle Approach
Scheduling sets the tone of the patient experience and the revenue cycle. Is your organization collecting the critical data necessary to prevent denials and other downstream issues? Is your call center performing at best practice levels in order to prevent revenue leakage?
Pre-registration & Insurance Verification
Nationally, more than 55% of initial claim denials are attributed to errors in insurance and demographic information. RCS will evaluate your current processes and existing technology, and make practical recommendations to accelerate cash and reduce associated AR and bad debt, while significantly reducing expenses in claims processing and re-work.
Is your organization collecting at least 30% of patient payments at the point of service? Whether you’re collecting a little or a lot, RCS will develop a comprehensive plan to exceed your point of service collection goals.
When was your last charge description master (CDM) review? Is your organization’s CDM accurate and complete? RCS offers full-scale CDM reviews and departmental education to substantially increase revenue.
Clinical denials can be detrimental to the revenue cycle. RCS has extensive experience advising hospitals on clinical documentation practices, and assisting hospitals in challenging insurance carriers on contract denials.
Health Information Management
The Discharged Not Final Coded (DNFC) amount is a key performance indicator (KPI) for the Health Information Management department. Is your DNFC amount increasing? Let RCS assist you in reducing this level to best practice.
Are you meeting your Discharged Not Final Billed (DNFB) metric on a regular basis? Are you monitoring adequately this KPI to identify issues quickly? RCS has experience in assisting clients in reducing significantly their DNFB.
One method of improving cash flow is to reduce the organization’s net AR days. What is your follow-up process? What is your trend for net AR days? RCS will evaluate your billing processes and identify opportunities to positively impact your net AR days.
Applying payments to outstanding accounts in a timely manner helps an organization’s financial health. How quickly are you posting cash? RCS will assist with assessing your current processes and identify opportunities to meet best practice in cash application.
RCS saves our clients’ money by optimizing existing technologies, without adding excessive and unnecessary bolt-on systems.
Listen to what our clients are saying about us.
Industry News from Around the Web
The Role of the Hospital Chargemaster in Revenue Cycle Management Read More
The Dawn of Consumerism: Key trends and strategies for healthcare consumerism Read More
3 innovative revenue cycle strategies driving financial success Read More
Hospital execs remain wary of bitcoin as the currency goes mainstream Read More