FINANCIAL MANAGEMENT

With the growing financial pressures on healthcare, organizations today are being forced to embark on well-planned, systemic improvement strategies focusing on revenue cycle performance. Instrumental to the well-being of the balance sheet and sustainable cash-flow, it has become a financial imperative to develop collaborative work practices that seek to find solutions to maximize patient care while concurrently striving for effective cost containment.

Applying Lean Six Sigma methods upstream and downstream to the revenue cycle will facilitate improved workflow practices and eliminating all wasteful steps, which, in-turn, will accelerate the positive effect of timely payment and improved payor performance.

Productivity Healthcare consultants will partner with you to identify, quantify and resolve failure points that lead to wasted resources – both human and financial - in your administrative functions.

Example Project: Claims Process Time Reduction