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BC Advantage - 2011 Issue 10

Revenue Cycle Self-Assessment: Mapping a Course to Nationally Recognized Revenue Cycle Performance

In this edition of IMA Insights, we will discuss the steps involved in conducting a revenue cycle performance self-assessment to gain an understanding of how your organization's revenue cycle operation compares to best practice hospitals across the country. This exercise may identify opportunities that lead to immediate financial improvement in the form of reductions in revenue leakage, reduction in expenses, and increased or accelerated cash. BackgroundAs financial leaders of hospitals and health systems, revenue cycle teams are tasked with guarding and enhancing cash flow. Hence, healthcare Revenue Cycle leaders must focus efforts to monitor and manage performance using a...

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