Maintaining the status quo can be costly. As health care operating margins shrink, you need to find efficient and innovative ways to capture and collect revenues. If your staff and procedures have been on autopilot too long, you're probably leaving money on the table.
But how do you bring about changes that don't disrupt your operations, or alienate your staff?
RCS can help you analyze your current revenue cycle operations and focus on ways to improve revenue capture and collection. Revenue problems rarely stem from a single source; they are most often the result of deficiencies in education, training, staffing levels, workflow, or poorly implemented computer software. Each deficiency must be addressed as part of a coordinated solution to obtain real improvement.
As the first step of our RC Review, we establish baseline measurements of a provider's financial and revenue cycle performance and create applicable benchmarks. We'll send experienced Revenue Cycle consultants on-site to gather the information necessary to provide you with recommendations in the following areas:
We will complete a detailed operational assessment of the revenue cycle to identify opportunities for improvement, while also focusing on operational and documentary compliance with HIPAA privacy and security standards. We'll then provide a written work plan containing an assessment of your overall revenue operations, and recommendations for the creation, implementation and monitoring of workable solutions.
Typical improvements include: