Identify Opportunities to Increase Efficiency
The collaborative Cymetrix approach to each customer’s unique set of revenue cycle issues begins with a data assessment and leads to recommended technology-enabled solutions for sustainable results. We work with you to decide whether your assessment will be as simple as an accounts receivable analysis, or as detailed as a multi-day, end-to-end revenue cycle evaluation of processes, procedures, technology and key performance indicators.
Identifying areas of opportunity
- Accounts Receivable Analysis – a free, no-obligation analysis of the entire Aged Trial Balance portfolio and a staffing audit pinpoint areas for cash flow improvement to increase net revenue and maximize cash flow.
-
Revenue Cycle Assessment – a comprehensive and discrete on-site assessment captures current revenue cycle performance and identifies opportunities for short-term and long-term improvements using a three-step process:
- Gathering data and analysis – key financial and operations data guides the assessment to optimize time on-site.
- On-site assessment – pre-scheduled department walk-throughs and interviews assess:
- Organizational structure
- Revenue cycle functions for Patient Access, Health Information Management and Patient Financial Services
- Staffing levels and capabilities
- Current policies and procedures
- Workflow processes
- Technology systems
- Performance levels
- Findings and recommendations – we share preliminary findings throughout the process. Detailed final
recommendations for improved performance, with an estimate of financial outcomes, can offer various
solutions up to full management of the revenue cycle.
Subscribe to the latest revenue cycle trends