You won't be taking a gamble when you retain RCC's services.
Net Revenue Leakage:
The net revenue leakage component entails the end-to-end redesign of the core revenue cycle functions and implementation
of tools to eliminate the controllable process breakdowns that lead to lost revenue. We evaluate staffing levels, job
functions, reporting structures, policies and procedures, and other processes against proven best practices to identify gaps and opportunities
for improvement.
In addition to the improvements in your revenue cycle, productivity, and customer service a redesigned revenue
cycle processes lead to the following outcomes:
- Decreased administrative adjustments
- Decreased bad debt write-offs
- Decreased denials
- Reduced payment variances
- Improved A/R collectability
- Net Revenue Enhancement
The net revenue enhancement portion of our Solution involves
complex analysis and performance improvement implementation of various areas within the revenue cycle, including:
- Contract Management:
- Charge Capture
- Strategic Pricing
- Charge Description Master (CDM) Structure
- Vendor Management
- Cash Acceleration
The cash acceleration
portion of our Solution involves analyzing current accounts receivable in detail to identify and diagnose challenges associated with
timing and cash flow including minimizing unbilled and billed work-in-process and minimizing aged accounts receivable.