Revenue Cycle Innovation Center

Driving innovation by bringing knowledgeable specialists together to create a radically new approach to optimize revenue cycle operations

Achieve 40 percent cost reductions and 5 to 7 percent in annual net revenue gains for your healthcare provider organization

It is about time there is a serious solution to solving serious problems within revenue cycle operations. Healthcare organizations across the country have continual loss of annual net revenue due to complex and manual activities, human error rates related to process compliance and too high a dependence on a "one vendor solution."

With those problems in mind, Baker Tilly created the Revenue Cycle Innovation Center (RCIC).

The RCIC brings together the industry's leading point solutions and combines them in a way that collectively makes them stronger than they are independently – giving revenue cycle leaders control of their operations.

Revenue Cycle

Learn how the collective strength of the Center's partner network can help you achieve these benefits >

Partner Network

  • AcuStream
  • Datawatch
  • Ontario Systems
  • Recondo
  • Tableau

How does the Revenue Cycle Innovation Center improve your process?

  • Increase net revenue
    Increase annual net revenue
  • Reduce costs
    Reduce costs
  • Clear visibility
    Clear visibility and actionable data
  • Flexibility
    Flexibility in processes and systems

Increase annual revenue

Through the combination of innovative technologies and best practice process knowledge, the Baker Tilly RCIC strives to dramatically improve annual net revenues by removing human error and manual efforts that lead to revenue leakage. This approach provides a new paradigm to managing and controlling revenue cycle activities.

Reduce costs

By utilizing exception based workflow and robotic process automation, the Baker Tilly RCIC has shown that as much as 40 percent of revenue cycle full-time employee costs can be reduced while producing higher levels of productivity and improved outcomes due to the ability to run processes 24 hours a day, seven days a week and 365 days a year. This allows us to implement a process that only requires a knowledge worker when there is an exception to expected outcomes drastically reducing the need for human intervention.

Clear visibility and actionable data

Taking advantage of granular, process level data and combining it with process analytic expertise, the Baker Tilly RCIC creates a new approach to allow management teams to better understand revenue cycle performance – and where that performance is not as expected. This allows you to understand the causal factor quickly so that corrective action can be taken and for efforts to be made while problems are still small and not large drains on annual revenues.

Flexibility in processes and systems

Each situation is unique. The combination of highly configurable technologies with revenue cycle process expertise allows the Baker Tilly RCIC teams to build serious solutions to serious problems, but in a manner that meets each client's unique and operating limitations.

How does the Revenue Cycle Innovation Center improves your process?

Increase net revenue
Increase annual net revenue

Increase annual revenue

Through the combination of innovative technologies and best practice process knowledge, the Baker Tilly RCIC strives to dramatically improve annual net revenues by removing human error and manual efforts that lead to revenue leakage. This approach provides a new paradigm to managing and controlling revenue cycle activities.

Reduce costs
Reduce costs

Reduce costs

By utilizing exception based workflow and robotic process automation, the Baker Tilly RCIC has shown that as much as 40 percent of revenue cycle full-time employee costs can be reduced while producing higher levels of productivity and improved outcomes due to the ability to run processes 24 hours a day, seven days a week and 365 days a year. This allows us to implement a process that only requires a knowledge worker when there is an exception to expected outcomes drastically reducing the need for human intervention.

Clear visibility
Clear visibility and actionable data

Clear visibility and actionable data

Taking advantage of granular, process level data and combining it with process analytic expertise, the Baker Tilly RCIC creates a new approach to allow management teams to better understand revenue cycle performance – and where that performance is not as expected. This allows you to understand the causal factor quickly so that corrective action can be taken and for efforts to be made while problems are still small and not large drains on annual revenues.

Flexibility
Flexibility in processes and systems

Flexibility in processes and systems

Each situation is unique. The combination of highly configurable technologies with revenue cycle process expertise allows the Baker Tilly RCIC teams to build serious solutions to serious problems, but in a manner that meets each client's unique and operating limitations.