Effective revenue cycle management is fundamental not only to viable hospital operations and care but also to a viable healthcare system that serves the entire country effectively. As pressures grow on C-suite executives from multiple sources, so grow the pressures on revenue cycle professionals. Not unreasonably, you’re expected to squeeze every last dollar from your people and processes. But what is unreasonable is expecting you to do it without sufficient resources. You’re forced to pick your battles: Be excellent in one area; average in another; poor in a third. The complexities can be overwhelming it can be difficult even to grasp the big picture of revenue cycle management, let alone manage the day-to-day details. Even the best run revenue cycle operations can’t do it all.
Simply put: Revenue cycle managers need help. And that’s where we come in. Our clients not only benefit from specific operations services that result in additional revenue and efficiencies. They also benefit from our ability to think through the issues both common and unique to hospitals, integrate solutions, and do what many consulting services do not or cannot do: Help to implement recommendations and measure the results.
Do more and more revenue cycle challenges seem both urgent and important?
The management maxim of separating the urgent from the important is less useful now that nearly everything seems to be urgent and important. Revenue cycle maximization initiatives are in place at most hospitals. Unfortunately, few are doing all they can. There’s just too much to do.
In addition to the day-to-day, what issues can we help you with? Here are just a few:
- The internal push and pull for support for high-priority initiatives
- Not enough resources, not enough of the right resources
- Smaller margins, increasing costs
- Uncertain and changing market conditions
- Continuous review and improvement throughout the cycle.
Let our proven consulting process help you sort it out and take the right action at the right time.
Call us at 630-620-9178.
Too many codes, not enough coders
With coder shortages estimated at 20 to 30 percent, finding capable coders can be tough. The need is complicated because true productivity comes not just from training but also from experience. It’s essential that revenue cycle operations have flexible, highly reliable sources of talented coders available to work remotely or on-site as needs change.