Locate A Chapter
|
Maximizing Yield: The Science Behind Improving Revenue Cycle Performance
About the Webcast
FREE TO FORUM MEMBERS
Sponsored by:
Date and Time:Nov. 24, 2009, 2:00-3:45 Central Time
You'll Learn To:
- Define yield and understand why you should care about it
- Identify which areas of your revenue cycle your financial team needs to focus on to maximize yield
- Maximize yield at all points of your revenue cycle – from front to back
Webcast Summary:After more than 30 years of revenue cycle performance analysis, Conifer Health Solutions has learned that AR Days, aged receivables, or cash as a percentage of net revenue are not necessarily the best metrics for benchmarking the performance of your revenue cycle. We have learned these measurements are not standardized and the outcomes can be manipulated.
The ultimate measurement of your revenue cycle’s success is how well you increase your annual rate of return—or yield. Conifer defines yield as patient cash collections minus the cost to collect, divided by Net Patient Revenue (NPR) – in which NPR is collecting what is expected when the patient bill drops. In this webcast, Conifer Vice President of Operations Jeffrey Nieman will explain how and why this formula can help you derive stronger results from your revenue cycle.
Key Areas Covered:
- What yield is, and how it is measured
- Why yield matters and how measuring it can improve your results
- What initiatives your organization can take to improve yield in all areas of the revenue cycle:
- Patient Access
- Revenue Integrity
- A/R Management
Intended Audience:CEOs, CFOs, and revenue cycle directors
Level: Intermediate
Speaker:
Jeffrey Nieman
Vice President of Operations, Revenue Cycle Solutions
Conifer Health Solutions
|
|
|