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How Implementing an Effective Denial Management Process Can Help Optimize LTPAC Revenue Cycle Management

Posted by Ken Voll, Director of Revenue Cycle Management on May 8, 2020 11:00:00 AM

How the Right Technology Can Help Your LTPAC Optimize Revenue Cycle Management

It’s no surprise that long-term post-acute care (LTPAC) organizations must generate revenue in order to pursue their mission and grow. That said, generating revenue in and of itself is not enough; your LTPAC must also collect the revenue while minimizing leakage and potential lost dollars. In this regard, revenue cycle management plays a key role.

Revenue cycle management for LTPACs tracks client revenue from admission/registration through collection of accounts receivable balances. The cycle includes the universe of administrative and clinical functions in an LTPAC organization that contribute to the capture, management and collection of patient service revenue.

If you seek ways to boost profitability and enhance outcomes, optimizing RCM is a prime place to start. In this blog, we explain how implementing an effective denial management process can deliver insight you need to rectify issues and promote efficiency.

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Topics: Revenue Cycle Management, long term care revenue cycle management, revenue billing cycle, long term care consulting firms, long term care consulting services, revenue cycle management consultants

Revenue Cycle Management Technology

Posted by Ken Voll, Director of Revenue Cycle Management on Apr 21, 2020 1:19:00 PM

How the Right Technology Can Help Your LTPAC Optimize Revenue Cycle Management

All long-term post-acute care (LTPAC) organizations must generate revenue in order to pursue their mission and grow. Yet, generating revenue by itself is not enough; your organization must also collect the revenue while minimizing leakage and potential lost dollars. That’s where revenue cycle management (RCM) comes into play.

RCM tracks client revenue from admission/registration through collection of accounts receivable balances. The cycle includes the universe of administrative and clinical functions in an LTPAC organization that contribute to the capture, management and collection of patient service revenue.

If you seek ways to boost profitability and enhance outcomes, optimizing RCM is a prime place to start. In this blog, we explore how applying the right technology toward strategic ends can help your LTPAC optimize revenue cycle management at every stage of the process.

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Topics: Revenue Cycle Management, long term care revenue cycle management, revenue billing cycle, long term care consulting firms, long term care consulting services

Optimizing Revenue Cycle Management Through Review

Posted by Ken Voll, Director of Revenue Cycle Management on Apr 14, 2020 1:04:30 PM

Optimizing Your LTPAC’s Revenue Cycle Management Process Through Review

All successful long-term post-acute care (LTPAC) providers must generate revenue in order to pursue their mission and grow. For LTPACs, revenues derive from achieving census goals and ultimately, providing a high level of care that enhances client outcomes.

Yet, it’s not enough to just generate revenue; your organization must also collect the revenue while minimizing leakage and potential lost dollars. That’s where revenue cycle management (RCM) comes into play.

RCM is the process to track client revenue from admission/registration through collection of accounts receivable balances. The cycle includes the universe of administrative and clinical functions in an LTPAC organization that contribute to the capture, management and collection of patient service revenue.

If you seek ways to boost profitability and enhance outcomes, optimizing RCM is a prime place to start. In this blog, we explore one strategy to do so: optimize the RCM process through review.

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Topics: Revenue Cycle Management, long term care revenue cycle management, revenue billing cycle, long term care consulting firms, long term care consulting services

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