In Pursuit Of The Perfect Revenue Cycle

Today, healthcare exists in an environment of shrinking payments, rising costs, and reforms like the Affordable Care Act. Financial professionals are challenged as never before to operate efficiently, manage complex information, communicate clearly with patients, and collect the payment that hospitals are due. Ultimately, a high-performing revenue cycle is critical to any hospital’s mission. By improving a hospital’s cash position, the revenue cycle helps fund investment in clinical resources that make high-quality care a reality. HFMA’s MAP App, which is highlighted in this paper, provides tools that hospitals can apply to achieve a high-performing revenue cycle.

Optimal revenue cycle management relies upon accurate data, constant performance tweaks and creative adjustment to workflows, policies and contracts to maximize revenues and efficiencies. But now, there are timesaving tools to help you provide instantaneous access to critical metrics such as to pre-registration volumes, POS cash collections, DNFB rate and Denial rates and more.

To learn more about how HFMA's MAP App and Ras can optimize your revenue cycle, download this white paper at the link below.