Revenue Cycle
Our solutions will help you to achieve long-term success in today’s ever-changing healthcare environment. Freed Associates’ service offerings include:
Exploring ways to expand your market share and achieve growth targets? There are myriad methods to utilize to achieve these goals, from market and product expansion, diversification and acquisition, and maximizing use of internal resources.
- Shared Services Programs – Increase revenue through addition of new service lines, consolidation of business operations
- Organizational Design – Optimize your team with a structure that maximizes efficiency and accountability
- Insourcing & Outsourcing – Maximize the value of your operations through the right mix of insourced and outsourced services
- Strategic Partnerships – Identify the right vendor and technology partners and build strong relationships
Everyone wants to achieve the greatest possible financial performance, but how do you know if you are maximizing your potential? As reimbursement levels continue to decline, it’s critical to maximize the performance of your complete revenue cycle.
- Revenue Cycle Transformation – Accelerate cash, decrease A/R days, and enhance service through end-to-end transformation
- Revenue Integrity – Maximize reimbursement via complete charge capture, accurate coding, and strategic pricing
- Denials Management – identify and mitigate leading causes for denials
- Automation & Reconciliation – Streamline and automate month and year end activities
- Value Based Care – Evaluate and implement value based reimbursement models
Wouldn’t you rather head off potential issues rather than continually reacting to them as they arise? With the right set of dashboards and other analytics tools, it’s now possible to achieve real-time insights into your organization’s performance. Utilize your data to monitor performance and support critical business decisions. Access to the right data at the right time can be your most powerful tool in maintaining optimal financial performance.
- Performance Analytics Program Design – Implement the structure to effectively monitor your operations and performance
- KPI, Dashboard, and Report Development – Build the tools to get the data you need when you need it to make informed decisions
- Data Governance – Establish effective policies and procedures to ensure accuracy and integrity of your data
- Predictive Analytics – Leverage data to take action before issues present themselves
Maintaining high patient satisfaction scores is no longer sufficient to remaining competitive. Assessing and fine-tuning the entire patient experience has become an essential element to long term growth and success. Gain a competitive edge via solutions that support the development of the optimal patient experience.
- Patient-Centered Process Design – Ensure front office and back office workflows create the optimal patient experience, building sustained relationships through satisfied customers
- Consumer Digital Strategy – Better engage with your patients outside of your clinics
- Minimize Delays & Maximize Throughput – Give your patients back their valuable time through reduced wait times, improved registration and check in processes, and on-demand services
- Self-Pay Management – Implement the technology to empower patients to more easily handle financial transactions
You can’t open an industry publication today without reading how technology is improving healthcare. However, you’re a financial professional, not a technologist. How are you to identify where technology provides the most value to your organizations’ operations? Your technology should facilitate your operations, not be an impediment to them.
- Software Selection & Integration – Identify the right combination of systems to meet your needs
- Technology-Enabled Innovation – Utilize cutting edge technologies to improve operations and enhance the patient experience
- Optimization – Get the most out of the technologies in which you’ve invested
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Problems We’ve Solved
Health System Significantly Enhances Patient Access and Reduces Operational Costs
Among significant patient access improvements was a float pool initiative that increased operational efficiency and substantially decreased operating costs – up to $100,000 annually in savings. Read more about this project » -
Problems We’ve Solved
Data Warehouse and Dashboard Improve Client’s Metrics and Financials
Thanks to Freed’s assistance, the program’s executive leaders can more quickly and effectively track key performance indicators and have improved access to data on staff activity, patient outcomes and financial performance. Read more about this project » -
Problems We’ve Solved
Health System Improves Registration Accuracy and Utilization Review; Reaps Large Financial Gains
A California health care provider engaged Freed Associates to improve its patient access (PA) and UR processes and staunch its financial hemorrhaging. Read more about this project »
To learn more about our Revenue Cycle service line, please contact us.