Revenue Cycle Management for Healthcare Organizations

The billing and collection cycle for hospitals and healthcare organizations is costly, fragmented, labor-intensive…and under intense scrutiny by both patients and the public.

The result – we have found that healthcare organizations often leave between 10% - 20% of their revenues on the table, due to uncollected patient billings and unremitted reimbursements. Those who do attempt to collect these receivables, find that they risk compromising their goodwill with the patients and communities they serve; goodwill that has taken years to build.

Reduce your risk with the right partner.
Partnering with UMC Revenue Cycle Management (RCM) affords healthcare organizations a better understanding of their collection practices and improves them in such a way that it not only accelerates cash flow, but also increases patient satisfaction and public perception. This is done by providing billing and collection services for third-party insurance, government, and patient liability accounts on an outsourced basis.

Outsourcing - the most effective choice.
Outsourcing is often the most effective choice to manage A/R efficiently. Working with a partner not only reduces the risk of recovery of A/R, but also lowers the cost of doing so through the use of dedicated resources and enhanced technology, not usually found in-house. Outsourcing also affords the healthcare organization the luxury of reallocating valuable human capital resources to greater revenue producing areas within the organization.

Leverage the right expertise, right now.
Outsourcing means that the healthcare organization is entrusting a third-party partner in managing one of its critical assets - its cash flow. That is why an outsourcing partner with a proven track record in managing A/R conversions for healthcare organizations is vital. A partner like UMC RCM is the best choice. Here's why.

Benefits to Outsourcing:

• Accelerated cash flow while providing transparent services to patients and third parties
• Increased resources enabling office staff to focus on new system implementations
• Maximum cash recovery from pre-conversion A/R
• Improved reporting accuracy and more efficient account processing