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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

5 “You-Focused” Tips to Improve Your Organization’s RCM Process

Posted by Candace LaRochelle, Revenue Cycle Manager on Jun 20, 2018 9:01:00 AM

Revenue cycle management (RCM) is so much more than just a financial process. It is about the procedures that enable your long-term post-acute care (LTPAC) organization to maintain a positive financial picture and, in turn, allow you to focus on day-to-day operations and optimal outcomes. It sounds cliché, but that is why communication is key throughout the RCM process. Poor communication at any point can cause a complete breakdown.

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Topics: Revenue Cycle Management, Financial Consulting

Optimizing Revenue Cycle Workflow in LTPAC Environments – 3 Strategies

Posted by Gina Toigo, MBA, Revenue Cycle Manager on Mar 28, 2018 8:48:00 AM

If your long-term post-acute care (LTPAC) organization’s strategic approach to revenue cycle management doesn’t marry business performance with customer service and outcomes, you could be headed for divorce court.

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Topics: Revenue Cycle Management, Financial Consulting

Five Strategies to Boost Patient Care through Revenue Cycle Management

Posted by Gina Toigo, MBA, Revenue Cycle Manager on Nov 13, 2017 9:26:00 AM

Revenue cycle management (RCM) lies at the heart of a long-term post-acute care (LTPAC) provider’s operation.  Without the proper processes in place, cash flow slows down, bad debt increases and customer satisfaction declines. So how can your LTPAC organization optimize its RCM function? We recommend starting with the five strategies outlined below.

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Topics: Revenue Cycle Management, Financial Consulting

Understanding Ohio's Nursing Facility Medicaid Adjudication Process and What to do if you Receive a Medicaid Overpayment Review Letter

Posted by Candace Jones on Mar 21, 2017 9:34:10 AM

All skilled nursing facility (SNF) administrators should be aware of the state of Ohio Department of Medicaid (ODM) adjudication process, but many may not know that the findings of the state’s audit can – and should be – refuted.

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Topics: Medicaid Consulting, Revenue Cycle Management, Financial Consulting

Additional Development Request (ADR) Basics – Understanding How and Why They Are Used

An Additional Development Request (ADR), also known as an Additional Document Request, is issued for the purpose of reviewing documentation for specific issues as determined by the Centers for Medicare and Medicaid Services (CMS) or other governing agencies of the federal government.

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Topics: Clinical Consulting, Revenue Cycle Management, Financial Consulting

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