Revenue Cycle Management
Value-based payment is accelerating
We see change coming before it hits home
Reimbursement is under pressure from all quarters, including the rise of patient self-pay and insurers becoming increasingly aggressive with denials based on medical necessity. Margins are shrinking, and Medicaid is growing as a share of the payer mix. More and more often, healthcare providers are looking for a strategic partner who can help navigate this complexity, streamline processes, recover lost revenue and accelerate cash flow.
Salud’s revenue cycle experts help manage complexity by anticipating and resolving issues as they arise. Our Industry Readiness Council organizes advanced analysis of industry trends, develops creative strategies to monitor and address challenges, and provides training and education in advance of changes. Salud has the national knowledge and local focus to provide continual vigilance on behalf of its customers to ensure appropriate claims adjustments are made in advance of change dates.
Increased cash collections as a percent of net revenue from 96.5% to 103.9% – an $11 million difference
Reduced discharged not final billed by 1.8 days in 30 days, expediting the processing of $3.1M in bills
Reduce percentage of accounts more than 90 days overdue from 52% to 34% -- a $20 million difference
SaludSynapse, our business intelligence platform, organizes data to analyze charges, receipts, denials, contracted rates and balances. Additionally, Salud conducts specialized audits and/or general data mining to verify when anticipated changes occur.
We provide leadership and staffing of your business office, including (but not limited to) billing, follow-up, financial counseling and chargemaster maintenance.
Utilize Salud experience and industry expertise to assess and improve processes across your revenue cycle.
We place a Salud leader to manage and drive improvement in departments such as patient accounts, patient access and healthcare information management.