Revenue cycle consulting services
At RSM, our revenue cycle consulting services are designed to develop greater efficiencies around critical processes, critical thinking, cash flow and controls that materially impact performance. As a result of our qualitative and quantitative approaches to revenue cycles in health care, we are able to clearly and accurately identify critical issues, roadblocks and inefficiencies that are impeding optimal performance. We develop revenue cycle solutions and execute value-added strategic initiatives designed to resolve challenges and facilitate improved performance.
Our professionals provide you with valuable industry knowledge and serve in a coaching role to help you grow your management and support teams. When combined with our implementation assistance efforts, we consistently deliver quantifiable improvements for health care revenue cycles, including overall process efficiency, management controls, cash flow and accounts receivable management.
We provide a variety of services to address your revenue cycle challenges, including:
Revenue cycle consulting: an end-to-end review of the people, process and technology that drive organizational cash and margin, including:
Current performance gap assessment
Key performance indicator summaries comparing current performance against industry standards
Quantified financial benefits related to specific recommendations
Cost assessment impacting margins
Executive summary presentations to leadership
Patient access consulting: focusing on pre-registration, insurance verification, prior authorization, point-of-service cash collections, controls and supporting standardized operating policies and procedures
Middle revenue cycle consulting: including charge description master review and construction, pricing, charge lag and discharged not final billed (DNFB), charge capture and clinical documentation improvement
Business office audit: focusing on billing, claim reconciliation, accounts receivable management, staffing levels, denials prevention and vendor management
Systems review: optimizing current systems and management reporting
Analytics and business intelligence services: including tools to augment current revenue cycle reporting with drill-down capabilities to support long-term sustainability
Your benefits include:
Operational process improvements to your revenue cycle that impact key performance indicators such as cash acceleration, cash flow, accounts receivable and business office procedure redesign
Standardized workflows and automated key functions and controls
Proven, long-term sustainability while achieving short-term cash flow benefits
Process improvements across the organization
Change and behavioral management improvement
Critical knowledge transfer to revenue cycle management and bench support
RSM’s revenue cycle assessment uncovers ‘aha’ moments and drives improvements for physician network. Learn more.
This webcast summary focuses on revenue cycle transformation for health care organizations.
Learn how this hospital’s revenue cycle modifications created efficiencies and stronger growth efforts.
Join us for a three-part webcast series addressing some of the most troublesome revenue and risk challenges impacting the health care industry today.
How can we help you?
To discuss how our team can help your business, contact us by phone 800.274.3978 or