Revenue Cycle Management

Revenue Cycle Management

Transform your business by unlocking the full potential of your revenue cycle
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Increasing margin pressure continues to top the list of challenges for healthcare executives. The revenue cycle – set up to work better, easier, faster – presents opportunity to move from a defensive position to an offensive one.

Challenges

A high functioning revenue cycle is seamlessly embedded throughout your organization, delivering more than on-time, in-full collections. Done well, it also enhances patient experience, delivers margin improvement, enables organizations to take on more risk-based care, and provides key support for strategic decisions.

  • Improving operational margin
  • Maximizing EHR value
  • Automating without financial risk
  • Creating a positive consumer experience
  • Keeping up with shifting payer requirements and increasingly complex government regulations
Value Delivered

3-4% improvement in net patient revenue

through process redesign, technology optimization, and department redesign

Top quartile EHR conversion metrics

which help offset the cost of installation

Increased ROI 

which maximizes the value of your EHR investment

Improved patient experience and loyalty

bringing increased market share

Ability to take on more risk-based care

and compete more aggressively in the marketplace

How We Deliver Value

Impact Advisors’ multi-faceted experts have both the real-world operations experience and technology expertise needed to fully understand the impacts of each decision made within the revenue cycle. They listen, challenge, adapt, and remain focused on your best interests, working side-by-side to implement the fixes, deliver value, and ensure your team’s long-term success.

Design the system you need and elevate your team’s performance to take full advantage of it.

From initial planning through post-live stabilization, Impact Advisors’ experts guide the essential collaboration between IT and revenue cycle teams to design and build the EHR you envisioned and optimize workflows to fully leverage its power for maximum return on investment.

Empower your teams to exceed performance objectives.

Impact Advisors’ revenue cycle experts work with your revenue cycle and clinical teams to uncover and implement workflow improvements that will positively impact financial performance and patient interactions. Then, we build our solutions directly into the tools your teams use, utilizing automation where appropriate, helping you realize ROI from new and existing technologies.

Typical areas of focus include:

  • AR / DNFB reduction

  • Denials reduction

  • Patient balance / POS collections

  • Charge capture improvement

  • Clinical documentation improvement

From achieving key AR metric targets to decreasing the net cost to collect, we offer both bridge solutions and a path to ongoing elevated performance.

Our skilled resources can fill vacancies or temporarily supplement teams.

Our experienced revenue cycle executives will seamlessly and expertly manage operations until you find the right person for the role.

From Robotic Process Automation to Predictive Reimbursement Analytics to Workforce Monitoring and Decision Support, Impact Advisors leverages our industry-leading technology experts to take your Revenue Cycle to the next level of performance.

Strong Stories.
Detailed Experiences.
Case Studies.

Impact Advisors helped reduce A/R by $62M for a health system consisting of 14 hospitals, 230 ambulatory facilities, urgent care centers, and long-term care and hospice facilities. Also reduced A/R >90 Days by $37M and Open Denials by $54M.

A large medical group’s decision to insource its back-end revenue cycle functions and simultaneously standardize and optimize denials management and patient collections  generated margin improvement beyond expectations.

Impact Advisors helped Oregon State Hospital implement a “best practice” Revenue Cycle. Results of the engagement include a 477% increase in average monthly cash collections.

$62M

reduction in A/R

$14M

Realized Savings

477%

increase in collections

All case studies

Our Leaders

Jim Akimchuk
Randy Notes

Our Leaders

Jim Akimchuk, Jr. - Revenue Cycle Practice Lead

Jim is an accomplished healthcare professional with over 37 years of healthcare information technology and revenue cycle operational management experience, working with academic practice plans, large group practices, hospitals, and ancillary services. He is a proven leader with strong financial, operations, billing, and technology experience as well as a successful record of transforming underperforming organizations through large-scale process redesign and change management.

Randy Notes - Margin Improvement Expert

Randy has a 25+ year career in healthcare and management consulting with focus on margin improvement and enhancement.

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