Revenue Cycle Assessment

Topics include the first step in the healthcare revenue cycle and insurance reimbursement. Our healthcare revenue cycle experts work with hospitals health systems and physician organizations to pinpoint opportunities to increase efficiency successfully appeal denied claims and improve point of service collections.

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About this quiz worksheet.

Revenue cycle assessment. In examining revenue cycle management at each operational phase you can spot opportunities to improve your overall process. Scheduling registration charge capture coding billing collections reimbursement interviewing key personnel reviewing and analyzing trended data key processes and actual claims. Audit rc our rapid assessment methodology enables rcc to quickly identify gaps between existing and leading practice performance.

A strategic roadmap for improving the client s overall operational performance. Revenue cycle outcomes for inpatient hospitalizations are dependent upon many factors including patient financial services patient accounts management clinicians documenting patient information completely and accurately case management and many other practices of a healthcare organization. An end to end revenue cycle assessment can identify bottlenecks that slow your cash flow.

Our lean approach to revenue cycle assessments will rapidly model your operations to determine your level of revenue management maturity. We ll begin with comprehensive quick hit analysis of. The assessment looks at all phases of the revenue cycle including.

A revenue cycle assessment is an excellent means to determine strategic direction and develop short midrange and long term plans. See what you know about the healthcare revenue cycle with this worksheet quiz. Revenue cycle assessment optimal revenue cycle performance hinges on constantly monitoring key performance indicators kpis and acting decisively to address issues before they significantly impact your organization.

Some of the concrete deliverables created by a revenue cycle assessment include. Evaluate current state performance of revenue cycle functional areas front middle and back based on available data key performance indicators staffing and workflows. Revenue cycle optimization provides financial stability for your healthcare organization but optimal performance is difficult.

If you are like most healthcare organizations you may decide to undergo a revenue cycle assessment when there is. The goal of a revenue cycle assessment is to give the client actionable advice they can implement today to boost revenue. Our deep expertise in revenue cycle optimization reduces the risk of denials.

Provide key findings and opportunity assessment regarding operational improvements and strategic sustainability alternatives.

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