Revenue Cycle Management

Optimizing the financial performance of a physician practice requires paying attention to the details, and in no place is that more important than managing the revenue cycle. Expenses are certainly important, but they are generally much easier to track and adjust if your overhead is too high. The revenue cycle, on the other hand, is extremely complex; impacted by a myriad of staff positions, systems, policies and procedures, and external entities and circumstance.

Failure to manage the revenue cycle places practices at significant risk, and the bleed can be substantial. Healthcare Strategy Group's team has a long and successful track record working with employed and independent practices to improve financial performance, consistently providing a strong return on our professional fees.

Our comprehensive assessment looks at the entire revenue cycle. Our review and analysis includes:

• Fee schedules
• Financial policies and procedures
• Scheduling process
• Insurance verification
• Patient registration
• Financial counseling
• Coding and charge capture
• Billing and collections
• Accounts receivables management
• Staff knowledge and skills
• Management information system
• Reporting structures

We'll identify the problems and work with your team to develop a performance improvement plan designed to get results, which we can help to implement.

If you have concerns about the management of your revenue cycle, contact Dan Topp, Senior Consultant, at (941) 626-8456 or dtopp@healthcarestrategygroup.com, or contact us directly through our website.