Revenue Cycle Management

Together, we can build and implement efficient processes and leverage technology to get the most out of your revenue cycle

When retained by hospital, medical practice, skilled care, FQHC, laboratory, private equity, and long-term care clients, BerryDunn’s revenue cycle consultants engage objectively to review existing processes and develop actionable strategies for short- and long-term performance improvement. Working collaboratively with designated client stakeholders, our consultants conduct thorough analyses of revenue cycle processes, policies, systems, and staff to develop and implement practical solutions that support an optimized healthcare revenue cycle. 

Improve your revenue cycle results through the optimization of people, processes, and technology. This approach focuses on cash acceleration, revenue integrity, and helping to ensure that every dollar owed is collected. Based on best practices, the initiative bolsters performance and improves the efficiency and effectiveness of your revenue cycle.

Our revenue cycle consultants:

• Provide insights from senior leaders with firsthand experience in revenue integrity and optimization
• Assist with all areas of your revenue cycle operations including patient access, coding, billing, compliance, charge master, defensible pricing, and denials prevention 
• Provide guidance on coding compliance and tips on managing Discharged Not Final Billed (DNFB) cases
• Consult on telehealth strategies and solutions that focus on engaging patients and clinicians, and maintaining charges and revenue for the system
• Address Patient Driven Payment Model (PDPM) and consolidated billing challenges, complex reporting and regulatory requirements, and optimize related opportunities
• Review revenue cycle work process, policies and procedures and recommend realignment to expedite collections and decrease write-offs 
• Offer education and training support based on industry best practices to ensure client self-sufficiency and success—while establishing clear controls and protocols to simplify systems and processes, creating enterprise-wide adoption

Healthcare organizations will need assistance structuring their revenue cycle operations to meet the systems financial and clinical realities from COVID-19, through volume changes, telehealth services, and so much more. We work with organizations to evaluate opportunities for system and process improvements that result in enhanced cash flow and positive revenue impact.

Our services include:

• Revenue cycle review
• Payer analysis
• Cash flow analysis
• Credentialing
• Accounts receivable evaluation
• Development of key performance indicators
• Introduction of technology solutions
• Interim assistance
• Staff productivity

Our team offers deep experience and comprehensive healthcare industry perspective, combining operational and financial expertise with real-world insights into both the clinical and operational sides of your business. We develop customized solutions tailored to the unique needs and goals of each client. BerryDunn’s revenue cycle assessment is a simple first step that will objectively provide insights and the financial justification to invest in needed revenue integrity activities.

To learn more about how you can improve your revenue cycle operations, contact BerryDunn's revenue cycle consulting team.