tci Medicare Compliance & Reimbursement - 2013 Issue 6

Hospital Corner: Oversee And Manage The Revenue Cycle With These 5 Steps

Ethically optimizing reimbursement and lowering compliance risks is every facility’s dream. Reduce expenses and strengthen your bottom line by creating a revenue integrity team (RIT). Whether it is simply a group or is a formal department, take these five steps. 1. Understand the Team’s Purpose The RIT shouldn’t simply focus on how to reduce the hospital’s expenses. The team’s purpose is to study business processes and analyze the causes of repeat problems. Understanding and improving processes such as workflow, communication, and accountability on both the front and back ends will lead to revenue integrity...

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