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Revenue is the life blood of every facility. It’s time to check your hospital’s financial health. Revenue Cycle Solutions, LLC is offering a special rate to NRHA members for a short time only.
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Revenue Cycle Solutions Consultants
are industry recognized experts who are frequently called
upon for input to industry guides and manuals.
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Department of corrections. Dumping ground. These labels often are used to describe hospital billing departments. They were coined by hospital executives disgusted with the antiquated process of getting paid for services rendered.
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Revenue Cycle Solutions (RCS)
has entered an agreement with Amerinet, Inc., one of the
most innovative and effective health care group purchasing
organizations in the country.
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The average hospital currently participates
in 38 managed care contracts. These contracts can significantly
impact the cash flow and bottom line of a hospital, yet
very few Patient Account Managers or CFO's review them,
completely understand them or monitor their performances.
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West Virginia Health Systems
Braxton County Memorial Hospital had the same concerns
and challenges as other mid-sized hospitals in West Virginia
- how to keep up with the best practices in patient accounting
and improve its cash flow." Revenue Cycle Solutions
provides virtual manager services.
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What do Philipsburg, Braxton, Kane and Corry hospitals all have in common? Size is the first thing that comes to mind, because each hospital has less than 50 beds. Location can't be the answer, because Braxton is in West Virginia and the others are in Pennsylvania.
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| Lack of adequate time and resources has led to an ongoing struggle for hospitals to establish and maintain adequate patient access procedures stemming from constant government.third-party insurance changes, staff turnover, training, and system limitations.
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Hospitals must carefully evaluate internal
and outsourcing options for working denials, and assess
the associated cost vs. outcome for each option.
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Providers have an opportunity to
increase revenues by up to 5 percent
through improved RCM practices.
Even more good news: Achieving
positive revenue gains with an effective
RCM strategy is well within providers’
reach.
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