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Revenue Cycle Management Solutions
A successful journey from volume-based care to value-based care begins with a foundation of enterprise revenue cycle management. By preparing your organization, choosing the right medical billing software, and implementing key capabilities and processes, your organization will be strategically positioned to navigate this challenging transition, regardless of the model that best suits your business. Centricity Solutions for Financial Management is uniquely positioned to address the core principles of enterprise revenue cycle mandatory for all models of value-based care:
An enterprise-wide approach to revenue cycle operations across all care settings. Ensure greater efficiency and flexibility, and an improved patient experience by delivering a single patient financial picture and statement to provide a holistic, patient-friendly approach to managing billing inquiries. An enterprise revenue cycle approach can help optimize critical outcomes such as cost to collect, first pass denials, and aged A/R. All while positioning your organization to increase bonus revenue by better facilitating the financial component of the patient experience.
Help eradicate waste with exception-based workflow by helping your staff focus on only the items that require
attention. This will help lower costs, increase efficiency and improve revenue cycle outcomes including AR Days, cash
collections of net patient service revenue and cost to collect.
Integrate with EHRs, payers and more to enable successful delivery on value-based care arrangements through connected workflow. Information must pass freely between providers, patients, payers and regulatory bodies. Centricity Solutions for Financial Management's clinical and financial interoperability not only facilitates the seamless sharing of information between critical applications such as your EMR, RCM and other ancillary systems, but also opens the lines of communication between payers and providers to adjudicate claims, close gaps in care, and update risk-adjustment scores.
Manage risk-based payment models that are right for your organization and enable your team to manage the optimal administration and adjudication of these reimbursement models. While fee-for-service may not always be easy, it's a known and tested model. Risk-based models present new challenges for your revenue team. You need clear visibility into your operations as you must manage new types of revenue collections efficiently. This holds true for shared savings programs, partial capitation or full capitation.