Revenue Cycle Assessment
Protecting the Financial Health of Your Organization
Revenue cycle management is the beating heart of any healthcare organization. When it’s done right, patients get quicker access to vital services and clinicians can do their jobs more effectively. But when there are billing errors, IT issues, lack of a process or financial policy, or untrained staff, challenges can easily affect top line revenue.
Identifying and Correcting A/R Issues
Mistakes happen and sometimes A/R errors can get lost in the shuffle. If healthcare providers notice an irregularity, like an increase in the aged trial balance or A/R days outstanding, a revenue cycle assessment can uncover the source of the issue. The process begins with analyzing claims samples for timelines in billing, coding, and other areas that affect A/R within the revenue cycle.
Evaluate, Analyze, and Diagnose Revenue Cycle Deficiencies
Revenue cycle assessment evaluates and analyzes areas like A/R days aging, cash collections, point of service, cash, and other processes, then compares the findings with industry benchmarks and proven best practices. Assessments can inform leadership of process improvement and staff training initiatives in the following operating departments:
- Patient Access Services
- Charge Capture
- Coding/Health Information Management
- Patient Financial Services
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Cash in on Change: Preparing for FY 2024 and IPPS Final Rule
SHOAR Health and Windham Brannon are excited to release another episode of our podcast for revenue cycle leaders called Cash in on Change. The new final rule for inpatient prospective payment systems (IPPS) from the Centers for Medicare and Medicaid Services (CMS)...