Revenue Cycle Improvement
Forvis Mazars understands the pressures your business office and revenue cycle departments endure. Our experienced pros can bring insight and innovative approaches to help identify opportunities for excellence in revenue cycle operations. Forvis Mazars’ approach to revenue cycle improvement provides end-to-end services that can help organizations improve revenue yield. Not only can we assess for opportunities, but our team has the depth, knowledge, and experience to transition assessment opportunities all the way through to implementation.
Our services include:
- Revenue Cycle Assessment
- Accounts Receivable Management
- Denials Prevention & Management
- Denials Management Monitoring Digital Solution
- Patient Access
- No Surprises Act Compliance
- Pre-/Post-System Implementation Support
- Revenue Cycle Organizational Design & Staffing
- Patient Liability Strategies
- Revenue Cycle Vendor Management
- Cash Posting
- Coding & Documentation Improvement (CDI)
- Charge Description Master (CDM)
- Strategic Pricing & Transparency
- Charge Capture
- Coding & Billing Compliance
- Managed Care Contracting
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Clinical & Operational Excellence
Forvis Mazars' team of clinicians, physician advisors, and prior hospital executives help clients drive care forward to identify and implement clinical and operational improvements through data-driven assessments, benchmarking, design, and implementation efforts. Our consultants help organizations improve performance and patient outcomes through:
- ED Fine Tuning
- Utilization Review & Case Management (UR/CM)
- Length of Stay Management
- Patient Statusing
- Surgical Services Calibration
- Service Line Strategy & Performance
- Physician Practice Management
Cost Management
Increasing demands for an efficient workforce must be rigorously managed and continually challenged. However, patient care needs should not be compromised when determining staffing requirements and contractual labor arrangements. Productivity should be monitored, understood, and improved for continued financial success.
High performers know continued investment in non-labor cost reduction is critical and productive. While managing healthcare costs is inherently difficult, organizations should look at non-labor costs—including GPO, supplies and equipment, pharmaceutical, utilities, IT, employee benefits, and other purchased services—for opportunities to reduce expenses and achieve year-over-year margin improvement. With the right strategy and approach to budgeting, financial planning, and investment, even high-performing organizations can see bottom-line improvement equal to as much as 1.5 to 3% of net patient service revenue.
Our healthcare consultants are ready to help position your provider organization for labor and non-labor cost management success, return on investment, and margin growth.
CDI & Coding Compliance
Clinical documentation integrity (CDI) and coding professionals play an important role in both fee-for-service and fee-for-value reimbursement models by ensuring that the services provided to patients accurately reflect their unique medical severity. Forvis Mazars coding and documentation professionals work with healthcare providers to help improve clinician engagement, develop policies and procedures, streamline internal processes for data collection, perform external coding and documentation compliance assessments, and provide education and training on CDI and accurate coding processes.
