Increase Net Patient Revenue and Improve Revenue Cycle Management Efficiency
Hospitals, health systems, academic medical centers and their physician practices are under pressure to improve the quality of care while simultaneously facing declining reimbursement, increased risk and margin pressure. For many healthcare organizations, maximizing revenue cycle efficiency and improving the areas of medical billing, coding and accounts receivables management are paramount to achieving the goals defined by healthcare reform.
While the shift to value-based reimbursement is being driven by commercial payers and Medicare alike, revenue cycle management leaders increasingly are seeking to improve the management of accounts receivable, coding, charge capture, claims processing and Medicare secondary billing, self-pay collections and insurance follow up - without a significant capital expenditure.
Identify Cash Flow Opportunities with Hospital Revenue Cycle Services
Identifying incremental reimbursement opportunities can deliver an immediate return without a significant amount of time or cost. This is the first step to getting your revenue cycle in good working order as you begin planning to go down the path of value-based care. But the key is to uncover specific areas responsible for the financial under-performance of healthcare organizations. This is often difficult for healthcare revenue cycle management leaders to recognize without the expertise and benchmarks needed to accurately assess their revenue cycle.
McKesson helps hospitals address these challenges and improve profitability with services designed to help them maintain focus on patient care. Maximize your medical billing, coding, collection and hospital revenue cycle performance with services and business intelligence for every level of staff. As an extension of your team, we have the resources and depth of experience you need to help strengthen the financial health and profitability of your whole organization - and all without adding more time to your day or costs to your bottom line.
Consider Partnering with an Expert to Manage your Entire Revenue Cycle so you can Focus on Delivering Quality Care
Increasingly, chief financial officers are partnering with experts to administer core revenue cycle management processes to become more operationally efficient and improve financial performance. In addition, health systems are struggling to take on professional fee revenue cycle responsibilities for newly employed practices, and are seeking support to help manage coding, billing, and even technology platforms.
If your healthcare organization is struggling to improve its revenue cycle operations, McKesson’s end-to-end revenue cycle management and medical billing services can provide as much – or as little – help as you need. Our domain expertise in both physician and hospital billing and claims management, combined with end-to-end revenue cycle management services, can help your organization reduce operating costs and accelerate cash flow.
We work with your team to analyze your operational needs, compare performance to industry-leading benchmarks and develop the go-forward plan to optimize revenue cycle operations and implement revenue cycle best practices across your health system and across multiple information systems. McKesson understands that no single solution or one-time fix can address the challenges hospitals and physicians face in this dynamic healthcare environment. We also recognize that providers want to focus primarily on providing quality patient care. Our comprehensive partnership approach fully employs our vast resources to address both the issues and the opportunities facing your organization.