Medical Group Revenue Cycle Improvement
A successful revenue cycle process depends on an organization's ability to create an effective, accurate continuum from the point of patient scheduling to the timely payment for services rendered. The Camden Group's advisors have many years of hands-on experience and success with improving the performance of revenue cycles for physician practices. This has included settings with high indigent patient load, hospital-owned practices, multi-specialty practices, and mixed payment models such as capitation and fee-for-service.
We recognize that successful revenue performance touches every aspect and everyone in the medical practice. An effective revenue cycle requires the right number and type of trained individuals working together using systems and tools that improve accuracy and efficiency; it also requires a dedication to monitoring performance at every stage.
Our services include the following:
We recognize that successful revenue performance touches every aspect and everyone in the medical practice. An effective revenue cycle requires the right number and type of trained individuals working together using systems and tools that improve accuracy and efficiency; it also requires a dedication to monitoring performance at every stage.
Our services include the following:
- Revenue cycle benchmarking and opportunity assessment
- Business office operations and redesign
- Staffing assessments: staff mix, capabilities, and ratios
- Front-end and back-end work flow analysis to improve efficiencies and accuracy, as well as results
- Payer contract review and negotiation
- Fee-setting and financial policy review
- Coding and compliance
- Billing compliance and chart audits
- HCC coding
- Physician and staff training
- Response to payer audits
