Revenue Cycle Management (RCM) & Optimization
Providing actionable insights into current revenue cycle operations in order to correct problem areas, improve productivity, reduce costs and increase revenue.
Revenue Cycle Management (RCM) & Optimization
Debra K. Bowes
CPA
Partner
David A. Gregory
Principal
Michael J. Patti
Principal
Mark Ross
CPA
Partner
Baker Tilly’s wide range of revenue cycle management (RCM) solutions help healthcare providers of all sizes grow net revenue, increase cash collections, improve employee productivity, optimize existing EHR systems, and help organizations remain as competitive as possible.
Whether you need assistance assessing your organization’s current RCM performance, improving select operational areas, or undergoing a complete transformation, our team of specialists are here to help.
Navigating today’s complex environment
An efficient revenue cycle is vital in establishing a financially sustainable future for any healthcare provider. However, many organizations lack in-depth insight into the many components of their RCM process, including:
- tedious tasks that are prone to human error
- productivity of full-time employees (FTEs)
- service line performance
- payer contracts not meeting benchmarks
- inaccurate recording of charge codes
- financial optimization of the EMR
- inefficient processes
Several recent factors – rising healthcare costs, tighter operating margins, staffing shortages, supply chain issues and inflation – have further exacerbated the importance of having an effective RCM process.