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re|assess
Revenue Cycle Assessment
A Customized Plan to Improve Your Bottom Line
Other benefits include:
- Process improvement
- Comprehensive proprietary reports
- Increase cash and reduce AR
- Peace of mind
Real Life Results
Shenandoah Medical Center is a facility serving southwest Iowa for more than 80 years. When re|solution was engaged to provide re|assess, their A/R over 90 days was increasing. Their new business office manager, though strong in accounting and management skills, was new to the revenue cycle.
With the participation of management, re|solution developed a comprehensive assessment which included remommendations for A/R cleanup, management and staff training, and consulting in a variety of areas which ultimately led to a reorganization of their revenue cycle operation.
Based on the re|assess engagement, SMC reduced it’s days in A/R nearly 25% from 73 to 56 during the project, had increased cash collections, and re|solution subsequently provided targeted training for their staff and management, creating a foundation for their continued success and sustainable improvements.
Methodology
- Observations, data review, and comperhensive interviews provide the basis for recomendations for improvement.
- Results compared to peer group and best practices.
- Action plan developed and presentation made to key managment.
- Implementation design and support
“We had just lost our Business Office Director and our A/R was growing. We engaged re|solution to assist us. They proposed a comprehensive solution including a revenue cycle assessment to identify root cause problems… The results were exceptional. In addition to the assessment, $2,500,000 in aged A/R was placed with re|solution of which 92% was resolved. re|solution reduced our Medicare A/R over 90 days by 94% and collected nearly $800,000 in cash for us. re|solution’s onsite consultant took the major recommendations from the assessment and worked directly with our revenue cycle staff to improve our operations.”
Chris Cronberg, CEO
Northern Cochise Community Hospital