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List of Typical Services
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Revenue cycle improvements
Review revenue cycle policies and procedures. Make recommended improvements to increase productivity, improve morale, improve interactions and working relationships with operations staff, and examine compliance.
Billing
Review and analyze processes, review relationships with regulators, update code references, review staffing and productivity.
Collection
Review processes, review collection policies, review relationships with payers, review cash intake policies, meet with payers to establish channels of communication.
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Revenue integrity
Review interaction of revenue cycle with accounting, policies and procedures, and discern any compliance issues.
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Cash flow analysis
Analyze cash flows over time. Look for warning signs with decreasing cash flows. Recommend ways to increase cash flow and control it.
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Operations efficiency
Review operating procedures, interview staff, understand business flow requirements, and maximize the efficiency of operations. Ensure that patient flow is efficient and patient satisfaction is enhanced.
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Contract analysis, provider and vendor
Review contracts with providers and payers to ensure revenue maximization and ease of operational use and execution. Participate in negotiations on revisions.
Review contracts with vendors to favorable terms and and up to date pricing.
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Value based healthcare readiness
Ensure that the organization is equipped to deal with the coming value-based healthcare where increasing emphasis still be placed on reimbursement relative to outcomes and quality.
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Capital acquisition
Conduct projects that involve acquiring capital items including product or item or property search, demographic and locational analysis, financing alternatives, contract terms, and acquisition financing choices.
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Capital financing
Analyze and recommend financial instruments for acquisition, including leasing versus purchase options.
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Financial analysis
Design and build a set of strategic success indicators to help guide executive staff in their decision making.
Strategic planning
Work with executive staff to produce a long range plan to direct the organization’s long range future.