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Advancing Community Hospitals

HELP WHERE HOSPITALS NEED IT ®

HELP WHERE HOSPITALS NEED IT ®

Revenue Cycle Assessment

 

CHC takes a collaborative approach to Revenue Cycle Assessments. The project scope for this engagement is defined in collaboration with our clients and can be as simple as a desk review to as detailed as a multi-day engagement evaluating processes, procedures and benchmarks at the subject hospital. Each engagement is followed by a report with specific recommendations for improvement.

 

Revenue Cycle management is multi-disciplinary. Although we offer a wide range of services including due diligence and integration planning and ERP solution support and implementation, our tested approach is built around diagnosis, benchmarking, identification of opportunities and relationship management. Our solutions extend to full management of the revenue cycle process including consolidated revenue cycle management services.

 

Our experience tells us that every client has a unique set of revenue cycle issues and that often symptoms mask root cause and effect. Because of this, every one of our engagements, long-term or short-term, involves a preliminary assessment. The intensity of that assessment ranges from highly detailed and complex to a lighter version, which can provide high-level insights and remains cost effective for small or financially challenged hospitals.

 

Revenue Cycle processes evaluated in an assessment may include:

  • Scheduling
  • Pre-certification
  • 3rd Party Eligibility
  • Insurance Verification
  • Patient Portion Estimator
  • Charity
  • UpFront Collections
  • Registration
  • Charge Processes
  • Coding and Documentation
  • Billing
  • Collections Cycle - Early out, primary, and secondary placements
  • Electronic Payment Posting
  • Contract Management
  • Payment Discrepancies
  • Denials Management
  • Key Controls Assessments
  • Cash Acceleration
Services:

Supply Chain solutions deliver access, savings and support for community hospitals.

Advancing Community Hospitals