Strengthen the financial health of your hospital with the experienced RCM professionals at HRCS.
Our team of RCM experts has more than 25 years of experience delivering Revenue Cycle Management Services for our clients.
We provide our hospital clients with efficiency gains, increased corporate and governmental compliance, and overall optimized financial performance.
While your hospital or health system may be facing financial challenges, optimizing your revenue cycle can help reduce the burden of revenue cycle management, keep up with regulatory changes, and ultimately increase the financial health of your organization.
We provide customized services that efficiently and effectively help our clients collect more of what they are owed.
Timely resolution of your credit balances can generate a significant net income pickup for your organization. Typically, only 15% of your credit balances result in refunds to patients/payers.
Resolving your credit balances is necessary for maintaining compliance, but it can also be a revenue opportunity. How many Credits are on your balance sheet?
Optimize collection efforts by reducing the Accounts Receivable (A/R) lifecycle of your organization. This means efficiently collecting on your accounts, recovering overdue payments, and maintaining a good relationship with patients.
Healthcare organizations average nearly $9,000,000 in denials annually, according to a report published by the IRS. But even recouping that money comes at a cost to organization resources and staffing. You can reduce or even eliminate costly denials.
Improve your cash flow and decrease potential write-offs by correcting your organization’s eligibility and FFS issues. Even a small percentage of eligibility misses can cost your organization big.
At Hospital Revenue Cycle Solutions, we have the technology, experts, and processes to analyze the big data in your hospital and provide you with the information that will help you recoup more of your patient revenue.
Our hospital clients keep coming back to HRCS because we efficiently and effectively help them collect more of what they are owed. Our experts not only work out A/R but also manage denials and remediate root issues at their source through the trend analysis of your organization’s big data.
Let us help you find the answers to these questions and more: