Revenue Cycle Management

Recent Service Engagements

There is little healthcare organizations can do without cash. The normal day-to-day cost of operations is significant enough with which to keep pace, but there are growing needs for equipment, expanding technology, improved plant conditions, physician, nursing and other staff recruitment costs, and other investments crucial to maintain, improve, and thrive in an increasingly competitive market. Collecting cash for services rendered is such a basic in any business, many times organizations overlook how much of it is left on the table. An organization can achieve its goals when the cash to do so is available.

HFA professionals will provide your organization with some of the nations most experienced and successful revenue cycle advisors and apply state-of-the-market resources and technology in providing these services at a value unsurpassed. We guarantee improvement in your financial performance, and the greater ability to invest in your organization, and most importantly, your patients.

• A/R & Cash Management
• Cash Acceleration Programs
• Claims Denial Management
• Claims Workflow Improvement Programs
• Credit Balance Audits
• Interim/On-Site PFS Management
• Net Revenue Systems Analysis
• Operations Committee Leadership
• Outlier Analysis
• Patient Access/Documentation Management
• P.O.S. Cash Improvement Programs
• Staff & Physician Programs
• Systems Design, Conversion & Support

Recent Service Engagements

• Project manager for over 50 hospital billing system conversions.
• Comprehensive service renovation for business office operations and performance including staffing, policies and practices, systems conversion, payer relationships, education and training, and performance monitoring.
• Redesigned billing and collections operations for a major teaching hospital primary care physician group reducing days in A/R from 168 to 60 days within one (1) year without major write-offs.
• Numerous on-site revenue cycle administration engagements and operations assessments.
• Improved cash collections for a community hospital from not meeting target to second best collection performance in the nation for this proprietary hospital organization.
• Established and led numerous Revenue Cycle Operations committees including representation from patient financial services, patient access/admissions, contract management, health information management, nursing, physicians, information technology, finance, utilization review, and executive management.

Top