The OCG team has a unique blend of industry, consulting, and system experience, enabling us to do a deep dive into your healthcare revenue cycle operations and uncover ways to help improve your performance. We can assess your overall revenue cycle performance or provide a tailored solution to focus on your organization’s most critical needs in the core areas below:
- Pre- and post-system implementation
- Organizational structure
- Process flow and design
- Vendor performance
- Staff and team performance
- Denials prevention and management
- Key performance indicators
- Functional business office metrics
- Dashboard Development
Benefits of AR Management
“The U.S. Department of Commerce reports that an account 60 days past due has only a 70% chance of recovery. After six months, it has only a 30% probability of being paid.”.
AR management
maximizing profits
An improvement to your bottom line is directly impacted by how you manage your accounts receivables. Denials and delays in claims payment can dramatically be improved through AR management initiatives that focus on tracking and trending your Key Performance Indicators and quickly addressing needed process improvements. A reduction to your AR Days is key. Components like improve payor relations and improving your clean claim rates can reduce your claims payment time and improve cash immediately. Some added benefits include:
- Increased Average % of Claims Paid After 1st Submission
- Increased Average % of Current Claims (0-60 Days)
- Reduced Denial Rate
- Improved Net Revenue
- Reduced Outstanding Accounts Receivables
- Faster Claims Payment
- Less Lost Claims
- More Accurate Patient Information Available