Revenue Cycle Consultant, Inc. has extensive experience in developing the organizational, operational, and work flow structures necessary for hospital-based outreach laboratories, independent laboratories and physician office based laboratories to contract, bill, and collect for the healthcare services they deliver. Enhancing these billing office processes ultimately leads to improved financial performance and accelerated cash flow.
Our hands-on expertise in assessing, restructuring, and managing this complex and essential functions boosts the organization’s revenue cycle efficiency, reduce days in accounts receivable, and improve cash flow.
We focus on three core areas of performance improvement throughout the revenue cycle – net Read more
Revenue Cycle Consultant, Inc. has extensive experience in developing the organizational, operational, and work flow structures necessary for hospital-based outreach laboratories, independent laboratories and physician office based laboratories to contract, bill, and collect for the healthcare services they deliver. Enhancing these billing office processes ultimately leads to improved financial performance and accelerated cash flow.
Our hands-on expertise in assessing, restructuring, and managing this complex and essential functions boosts the organization’s revenue cycle efficiency, reduce days in accounts receivable, and improve cash flow.
We focus on three core areas of performance improvement throughout the revenue cycle – net revenue leakage, net revenue enhancement, and cash acceleration.
The net revenue leakage component entails the end-to-end redesign of the core revenue cycle functions and implementation of tools to eliminate the controllable process breakdowns that lead to lost revenue. We evaluate staffing levels, job functions, reporting structures, policies and procedures, and other processes against proven best practices to identify gaps and opportunities for improvement.
The net revenue enhancement portion of our Solution involves complex analysis and performance improvement implementation of various areas within the revenue cycle.
The cash acceleration portion of our Solution involves analyzing current accounts receivable in detail to identify and diagnose challenges associated with timing and cash flow including minimizing unbilled and billed work-in-process and minimizing aged accounts receivable.
