Saturday, 2:00 p.m. – 3:15 p.m.
Creating a Revenue Cycle Foundation for the Future: Franciscan Medical Group’s Experience
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As medical groups grow through acquisition, it is important that the organization’s billing model is easily scalable, improves revenue cycle performance, and supports the organization’s mission, vision, and goals. This session will detail the key steps and tools for designing, implementing, and managing a contemporary revenue cycle model. It will also review the framework used to assess the revenue cycle model, contemporary models considered, the action plan used to reorganize more than 80 FTEs without disrupting cash flow or performance, and tools employed to monitor and manage effectiveness.
Upon completion of this activity, participants should be able to describe how the regulatory environment (HITECH/ARRA, ICD-10/5010, and health reform) is creating new imperatives for the professional revenue cycle; detail contemporary models to organize the revenue cycle for best performance, given technological (e.g., EHR and other emerging systems implementations) and strategic (e.g., physician alignment, acquisition) initiatives; detail the benefits and challenges of higher degrees of centralized billing activities; and list the key steps for designing and reorganizing to a more effective model without negatively impacting current performance and the tools to ensure ongoing success.
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Mr. Colton, a manager with ECG, specializes in enhancing professional fee revenue cycle and has assisted large medical groups across the country in evaluating, optimizing, and improving their revenue cycle performance. Mr. Colton holds a master of business administration degree from F.W. Olin Graduate School of Business at Babson College
