Revenue Opportunity Roadmap Revenue cycle management starts out simple enough: Collect enough money from the payers for the services patients receive to cover costs, and still create enough profit to compensate the providers. But it doesn’t answer the question: How do we increase profit? We think there is a different way to approach this challenge: create a customized plan for increasing profit, using proven modeling to identify the most critical and most overlooked opportunities in your revenue cycle.
Where Did All the Money Go?
“We’re working just as hard, but receipts are down.” Does this sound familiar?
Revenue Cycle Management can be a daunting task: perfecting the delicate formula of what payers are willing to pay, covering the expenses of the clinic and still have income available for distribution to the providers. Many practices are faced with lower payments, increasing expenses, and stricter compliance issues – which mean even more pressure on profits that are available for distribution to shareholders. With payer’s decreasing their reimbursements each year, are there even any expenses left to cut?
Revenue Opportunity Roadmap
We think there is a different way to approach this challenge: create a customized plan for increasing profit, by using proven modeling to identify the most critical and most overlooked opportunities in your revenue cycle. What we call, a Revenue Opportunity Roadmap.
Your Path to Better Profit Begins Here
The first step to thrive (not just survive) the changes taking place in healthcare is to understand your revenue cycle and uncover all possible areas that can be improved. Revenue cycle management (RCM) isn’t a singular event. It involves the relationship between the patients, providers, employees, payers and an overall understanding of the business process.
DS+B healthcare specialists have the experience and expertise to help you develop a roadmap that takes the guesswork out, and puts in place a clear path toward improved profits for your practice, and providers.
Let’s start a conversation, today. Contact us.