A complete picture of your financial health.
Get a comprehensive picture of your organization’s financial potential and a custom plan to move forward with TruBridge’s Revenue Analysis solution. It starts with a deep audit of your organization, uncovering hidden problems and unseen threats to your bottom line. This thorough evaluation is performed with no disruption to your organization or daily workflows. Our team will then use the data to create a custom plan for financial progress that can be put to work right away.
Experiencing shrinking profit margins from changes in external factors.
External factors such as reimbursement rates, increased costs, or changes in patient demographics wear down your profit margins. Revenue cycle efficiency becomes more important than ever.
Managing a diverse payer mix with various reimbursement structures.
The more diverse and complicated your payer mix becomes, the more likely you are to encounter unseen snags or hidden inefficiencies which can be complex and impact revenue predictability.
Errors in billing and coding can result in claim denials or delayed payments leading to revenue loss.
Billing and coding errors can often go unnoticed and can drag down your revenue cycle. Healthcare providers may miss opportunities to capture all billable services.
A comprehensive overview of your financial well-being
Our HFMA Peer Reviewed® Revenue Cycle Management (RCM) solutions offer a full suite of products and services to help accelerate payments, optimize productivity and support you in your mission. Our team of Revenue Analysis specialists integrates a range of elements into our service, drawing from standard industry benchmarks as well as their own professional insights. Profitability Analysis involves a thorough examination of profitability, including the analysis of costs linked to revenue generation to ascertain the net profit margin. Forecasting and Predictive Analytics utilize historical revenue data to develop forecasts and predictions for future revenue streams.
Finding every opportunity for you to thrive.
Our Revenue Analysis service involves the careful examination and interpretation of your financial data related to healthcare revenue, allowing our experts to identify opportunities for optimization and improve your financial performance.
Product Features
A Detailed Revenue Assessment and Analysis
Our Revenue Analysis experts incorporate a variety of factors into our service, from common industry benchmarks to their own expertise.
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Profitability Analysis–Examining the profitability including analyzing costs associated with revenue generation to determine the net profit margin.
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Forecasting and Predictive Analytics–Using historical revenue data to create forecasts and predictions for figure revenue streams.
Nothing is overlooked.
Our experts will work 1:1 with each department, reviewing all software, policies and procedures, people, products and processes that impact your revenue cycle and your organization’s financial health.
Products Used
Claims Management
Automates error identification, ensuring a 97% first-pass clean claim rate, and frees up staff for other projects.
Contract Management
Ensures accurate claims, streamlining reimbursement monitoring and validation for improved contract control, workload efficiency, and cash flow.
Denial Management
Identify and eliminate claim denials’ root causes, ensuring a streamlined revenue cycle and maximizing cash collection.
Problem areas are uncovered.
Following the onsite evaluation, our consultants will provide a detailed analysis of areas in need of improvement and the issues that are detrimentally affecting your key performance indicators (KPIs).
Products Used
Claims Management
Automates error identification, ensuring a 97% first-pass clean claim rate, and frees up staff for other projects.
Contract Management
Ensures accurate claims, streamlining reimbursement monitoring and validation for improved contract control, workload efficiency, and cash flow.
Denial Management
Identify and eliminate claim denials’ root causes, ensuring a streamlined revenue cycle and maximizing cash collection.
A plan to move forward.
We’ll distill our complete analysis into an action plan outlining KPIs with best practices, turning data into next steps for strengthening your revenue cycle and improving your bottom line.
Products Used
Claims Management
Automates error identification, ensuring a 97% first-pass clean claim rate, and frees up staff for other projects.
Contract Management
Ensures accurate claims, streamlining reimbursement monitoring and validation for improved contract control, workload efficiency, and cash flow.
Denial Management
Identify and eliminate claim denials’ root causes, ensuring a streamlined revenue cycle and maximizing cash collection.
What TruBridge Can Help You Achieve
Closing Days Reduced By 48%
Faster financial reporting, better decision-making and improved operational efficiency are a few of the benefits of cutting down on closing days.
AR Days Reduced By 27%
Reduced AR days can lead to improved cash flow, lower bad debt expenses, enhanced financial stability and decreased admin costs.
Discharge-to-Bill Drop Days Reduced By 74%
By reducing your discharge-to-bill days, you can see a tangible improvement in your revenue cycle speed, AR days, cash flow and operational efficiency.
Let's Talk.