Revenue Cycle Assessment

Every client has a unique set of revenue cycle issues and symptoms often mask the root cause of the challenges. 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. After the initial assessment is complete, clients can access a wide range of services including due diligence and integration planning and enterprise resource planning (ERP) solution support and implementation.

Benefits

You receive a comprehensive review of the Revenue Cycle by our experienced multidisciplinary team.


This proven approach is built around diagnosis, benchmarking, identification of opportunities and relationship management.


Hospitals needing full management of the revenue cycle can receive help with the entire process including consolidated revenue cycle management services.

Is Outsourcing Revenue Cycle Right for Your Hospital?

CHC can help you weigh the pros and cons and provide staff education, vendor management techniques and an outsourcing assessment to determine the best approach for your hospital. Contact us to learn More.

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Blog

Billing and Collections: Whether or Not to Outsource

Many rural hospitals find it a struggle to achieve positive cash flow and maintain enough days cash on hand to meet their capital and operational needs. This intensifies the importance of ensuring that patient accounting processes, especially billing and collection, are performing at optimal levels.

One option many turn to for managing this process is to outsource billing and collections functions. This effort may be seen as a way to improve accurate and timely billing of patient accounts, lower costs, and improve collections. The CHC Consulting Revenue Cycle team is...


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Solutions

The Revenue Cycle: Creating an Environment Where Revenue Can Thrive

The Situation

When it comes to receiving payment for services rendered, hospitals are squeezed from two directions. First, declining reimbursement rates mean hospitals collect only a fraction of what is due. Second, higher deductibles shift payment responsibility to consumers who may not be able to pay, which in turn forces hospitals to write off more unpaid bills. These ongoing challenges make it critically important for hospitals to identify, monitor and collect each and every dollar they are due.

“This environment is especially challenging for community hospitals,” said Tod Beasley, Senior...


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