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Contact Presscott Associates today and let our dedicated team open your door to financial success!
Economic Value Analysis
Revenue Chain Management
Strategic Relationship Management |
REVENUE CYCLE
We add the value of economics to the delivery of care.
An efficient revenue cycle (see Revenue Chain Management) is key to the financial success of healthcare providers. The Presscott Associates’ management consulting team has extensive experience in:
- Evaluating the revenue cycles of health care organizations
- Working with the organization’s staff to optimize the functions within the revenue cycle and maximize timely revenue (see Strategic Relationship Management) acquisition on a recurring basis
- Assisting organizations in increasing reimbursement through proactive approaches by identifying opportunities for generation of incremental revenue
You can expect a Presscott Associates’ revenue cycle review and implementation engagement to include the following:
- Review scheduling and pre-registration procedures, including eligibility and verification
- Assess processes for complying with referral and pre-authorization requirements
- Review all departments contributing to the revenue cycle
- Identify processes for charge capture and service documentation
- Review payment posting and reconciliation procedures
- Analyze claim denial and appeal procedures
- Assess the aged trial balance
- Evaluate the Charge Description Master (CDM)
- Recommend reporting to track key financial management indicators
- Develop baseline financial metrics to track revenue cycle performance
- Recommend functional accountabilities for staff
... and more!
Contact Presscott Associates today and let our dedicated team open your door to financial success!
“A Successful Case Study: Reengineering the Revenue Cycle to Improve Outpatient Operations” |
