An opportunity too often missed
For many healthcare organizations, the revenue cycle remains an untapped but fertile source of funding for operations. Often, those funds seem unreachable because of the difficulties in prioritizing accounts receivable, collecting in an era of self-pay and new insurances, and, in many cases, the bureaucratic nature of the back office itself. This leaves too many providers opting for the self-defeating solution of cutting valuable, experienced staff instead of optimizing business operations.
The Salud Difference
Salud Revenue Partners is a technology-enabled service company that combines advanced data analytics with productive work to solve common payment issues, handle large volumes of accounts efficiently and effectively, and provide clients with the highest return on investment.
We give our staff objectives, exceptional training and technology-enabled resources to accomplish goals – and then set them free to get the job done. We encourage fresh ideas and a collaborative approach to delivering industry-leading solutions to clients.
Our proprietary workflow and analytics system, SaludSynapse, aggregates data from clients, payers and our previous work – including claim details, status and denials, insurance eligibility and reimbursement calculations – and uses algorithms to identify the most relevant issues ranked by the potential impact of interventions.
Our approach allows us to focus solely on solving the claims, coding and reimbursement issues faced by our clients, so they can achieve their revenue cycle goals.
IN BECKER'S HOSPITAL REVIEW
With revenue challenges rising, it's time to focus on the basics
“Even amid a booming economy and near full employment, healthcare providers are facing significant financial headwinds,” Salud CEO Jesse Ford wrote in the Jan. 9, 2018, Becker’s Hospital Review.
Reimbursement cuts, private payers’ increased denials for medical necessity, high out of pocket costs for consumers, the loss of the individual mandate and other changes might call for a whole new approach to revenue cycle management and a huge new investment in technology, but Ford thinks this may be a time for simplicity – a focus on the basics. “That includes old fashioned goals such as ensuring clean bills, avoiding coding errors that might flip responsibility onto patients and working with patients upfront to handle their payment in a patient-friendly manner. Rather than cutting staff through morale-busting layoffs, there is far less pain in finding extra dollars by ensuring payers are following policies and your own claims are accurate,” Ford writes.
Transformational solutions to enable better, faster results.
Diagnose performance gaps
Resolve difficult A/R
Achieve the highest coding accuracy
The Vision Behind Salud Revenue Partners
Health systems need a reliable revenue cycle partner who will work with them to continuously identify and implement new ways to optimize their revenue cycles. An effective revenue cycle helps hospitals survive – saving jobs and lives – and making communities stronger. Robert C. Parker, MD, MBA, former CEO, Sinai Medical Group, Chicago