Increase profit, ensure compliance, maintain accountability
Effective revenue cycle management is vital to the life of a hospital, allowing leadership to measure performance, identify trends, note areas of weakness and sustain or enhance cash flow. Hospitals that are disciplined about the basics of revenue cycle management and measurement will meet internal and external challenges more easily and more intelligently, enabling them to continue providing lifesaving care while remaining financially sustainable.
Our revenue cycle team includes experienced advisors from diverse backgrounds, including revenue cycle managers, former hospital financial officers, and performance improvement experts. Our holistic, team-based approach to revenue cycle management provides clients the combined value of our revenue cycle expertise and the diverse perspectives of the entire firm, resulting in an analysis that examines the revenue cycle from multiple angles while considering the impact these results may have on the entire organization.
Revenue Cycle Services
Stroudwater’s revenue cycle services, particularly our focused departmental reviews, have been used successfully by a large number of hospitals as the framework for the development of a financial performance improvement plan, to maximize gross revenue and net reimbursement, and to ensure a compliant billing process.
We facilitate the implementation of process improvements with the goal of increasing gross and net reimbursement while ensuring regulatory compliance. We provide specific direction, training, and follow-up to guarantee the successful implementation of opportunities for improvement.