Overview

Benefits

How revenue cycle management consulting can help

Boost financial performance

pictogram for financial performance

Clients report reducing denials write-offs by 50-90%, reducing accounts receivable days to less than 35, and improving collected revenue.

Realize a return on investment

pictogram for return on investment

Overall, clients report saving USD 4 billion and realizing an average return on investment of 10:1.

Gain operational efficiency

pictogram for operational efficiency

Optimize performance by facilitating data flow from care delivery to all revenue cycle management processes.

Sustain transformation

pictogram for Sustain transformation

Equip your teams with problem-solving strategies that help preserve positive changes and identify opportunities for improvement.

How it works

Revenue cycle management services that deliver results

Our revenue cycle management consultants begin by giving healthcare providers a true end-to-end view of their healthcare revenue cycle. You’ll obtain insights to help improve the flow of information through key areas like patient access, patient encounters and patient billing.

Along with the initial analysis, our experienced consultants will provide coaching to help healthcare executives set priorities and create action plans for improvement. We’ll then work with your entire team to set goals, develop problem-solving strategies and identify how each member can contribute to improving revenue cycle management.

Success stories

Higher savings

$5M

Workflow changes saved more than USD 5M the first year.

Reduced medicine waste

$900K

Reducing medicine waste saved more than USD 900,000.

Bigger ROI for imaging

$1M

Fine-tuning MRI scheduling processes led to a USD 1M ROI.

See how Connecticut Children's Medical Center partnered with IBM revenue cycle management consulting to achieve these results.