The healthcare landscape is changing and organizations must transform to stay competitive. Revenue cycle improvement opportunities can fund this transformation through quick wins and high financial impact (typically 1-4% net revenue opportunity), and an improved patient experience. Denials and avoidable write-offs have increased across the industry (top quartile metric has doubled since 2015), bad debt is increasing as deductibles and premiums rise, and cost-to-collect pressures mount due to increased regulations and reduced reimbursement.
A comprehensive assessment must entail more than a superficial level review of KPI benchmarking and opportunities identified from surface level interviews. Guidehouse assessments are multi-pronged and focus on in depth data and documentation analysis, account sampling, comprehensive interviews and staff shadowing, and complimentary EMR technical audits to evaluate how your system supports your operations.
Guidehouse primarily offers assessments across three different formats: