Revenue Cycle Performance Improvement Assessment
Conduct an assessment of the revenue cycle to determine areas for process and procedure improvement, with the overall goal of reducing days revenue outstanding in accounts receivable. The assessment will focus on the entire revenue cycle, beginning with admissions/registration, charge entry, coding, billing and follow up, collection activities, and cash receipts and posting. Included as part of the project will be an assessment of reporting information used to manage the revenue cycle on a monthly basis, including but not limited to, aged accounts receivables listings, daily cash postings, uncoded claims, etc.
Expected benefits/outcomes of this project are as follows:
- Improved cash flow
- Reduce expenses
- Improved efficiencies in billing processes
- Enhanced reporting and revenue cycle management
- Reductions in billing complaints from patients