Revenue Cycle Operations Services
Tailored revenue cycle operations services to help you achieve transformative and sustainable value.
Revenue Cycle Operations Services
Challenges
A high functioning revenue cycle, seamlessly embedded throughout your organization, enhances patient experience, delivers margin improvement, enables organizations to take on more risk-based care, and provides key support for strategic decisions. Unfortunately, the current competitive landscape, labor shortages, and rising salaries are making it increasingly difficult to achieve. A few common challenges include:
- Need for improved financial performance
- Insufficient staff bandwidth
- Lack of requisite skills or knowledge
- Technology not fully leveraged
How We Deliver Value
Impact Advisors offers tailored revenue cycle operations services to help clients achieve transformative and sustainable value. Our multifaceted team members are exceptional at aligning revenue cycle operational processes to technology workflows and fully leveraging the systems to achieve improved revenue cycle outcomes. Our highly experienced, knowledgeable team can help you achieve margin improvement objectives or reach specific metric targets, such as reducing AR over 90 days or decreasing net cost to collect.
We can:
-
Empower revenue cycle end users and manage your operation toward greater outcomes
-
Augment your team with highly skilled resources who move your RCM KPIs
-
Provide targeted or comprehensive outsourcing solutions, including designing, staffing, managing, reorganizing, and/or scaling the operation
We partner with you to determine the right solution or combination of solutions, given financial objectives as well as timing and impacts of major initiatives like an EHR or ERP implementation that require careful planning and cash controls. The proposed plan will include the quantified return on investment and cash acceleration to demonstrate how our partnership will improve your organization’s overall financial health.
Impact Advisors Joins Epic’s New Rev Cyclers Program
Impact Advisors is a partner in the new Epic Rev Cyclers Program, designed to increase revenue cycle outcomes for our mutual customers. Through the program, we have broad access to Epic’s billing, analytics, and reporting tools, including features that drive staff prioritization and monitor productivity. Our team also receives Epic-led training, equipping us with the skills to maintain Epic’s and our high standards. The collaboration also allows our team to stay connected on Epic best practices and future development to help our clients optimize the use of Epic in a compliant manner.
“We are excited to partner with Epic on this new initiative! We bring over 17 years of experience building proven best practices with Epic for revenue cycle management through a clinically driven revenue cycle and technology-supported approach with over 100 successful implementations. We look forward to continuing to add value for our joint customers.”
Andy Smith, Managing Partner and Co-Founder of Impact Advisors
“Combining our award-winning revenue cycle management services with expanded access to Epic tools, training, and methodology will be a game-changer for our current and future customers. ”
Jim Akimchuk, Revenue Cycle Practice Lead & Vice President at Impact Advisors
Epic is a registered trademark of Epic Systems Corporation.