Our Leaders

Jim Akimchuk E1663880172770

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

Randy Notes

Margin Improvement Expert

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

Strong Stories. Detailed Experiences. Case Studies.

$62M

Reduction in A/R

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.

$14M

Realized Savings

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.

477%

Increase in Collections

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.

12

CDMs Consolidated

When an integrated network of 18 hospitals, more than 40 outpatient health centers, and 200 physician offices prepared to implement an updated EHR, Impact Advisors supported the consolidation and standardization of the Charge Description Master and Charge Generation Tracker.

$107M

Cash Achieved in a Single Month

To establish trust and draw Operational and IT teams together toward a shared set of objectives, Impact Advisors’ experts leveraged prior experience working in revenue cycle leadership roles, lessons learned delivering engagements at similar organizations, and design/build expertise with the client’s EHR platform.

10%

Increase in Volume of Patients Seen

Our work with a large network of dermatology clinics led to a $4.6 million increase in revenue and a more than 10% increase in volume of patients seen.