Revenue Cycle Analysis

The medical revenue cycle is unlike the revenue cycle in any other industry, and InnoMed knows how to navigate it. We understand that physicians’ chances of getting paid what they expect and when they expect it depend on steps taken well before the patient is seen and extend to follow-up after the patient is seen. Because the Revenue Cycle processes flow into and affect one another, a missing step can create big problems for a medical practice. InnoMed’s Revenue Cycle Analysis will help locate those missing steps and help to implement processes that ensure the steps are followed. 

InnoMed’s approach is different from that of other consultants you may have worked with in the past. We go beyond the typical recommendations, and actually help your practice implement our recommendations, if desired. Our associates have been in your staff’s shoes, and we know where many of the potential pitfalls are and how to overcome them.

Once we have an understanding of how to move forward, InnoMed will help your team develop revenue cycle performance goals to create a permanently lasting, positive impact on physicians, employees and patients. The benefits from doing a revenue cycle analysis and implementing comprehensive strategies are many, including improved cash flow, increased patient satisfaction, higher revenues, and organization-wide efficiency among physicians and employees. 

InnoMed helps physician practices improve revenue cycles by offering solutions that work for your organization. By reducing errors and missed steps, we can help put your practice on a successful track. If Revenue Cycle is an area of concern at your practice, give InnoMed Management Group based in Lincoln, Nebraska a call.