For Prospective Members: Reducing the Hospital's Subsidy in Owned Physician Practices
Closing the Gaps in Professional Fee Cash Collections
Topics: Practice Management, Physician Issues, Physician Revenue Cycle, Revenue Cycle, Finance, Billing and Collections, Information Technology
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The ROI yielded from optimizing the professional fee revenue cycle forces executive leadership to take notice. With practice costs on the rise and alternative revenue streams dissipating, optimizing professional fee cash collections is imperative to reducing the hospital’s subsidy in its employed physician enterprise. Poorly performing revenue cycle operations ultimately result in physician, organization, and patient dissatisfaction.
Understanding your organization’s current operation, including any gaps in performance and the opportunity they represent, is essential. A high level of physician engagement, strong professional management, and functional information technology support are essential to a high performing professional fee revenue cycle operation.
During this complimentary webconference, we will discuss the symptoms of a suboptimal professional fee revenue cycle and how it affects the overall financial performance of the physician enterprise. Key takeaways from this session include:
- The compounding problem of cost & reimbursement;
- The red flags of a poorly functioning revenue cycle and the components of a high-performing cycle; and
- The significance of structure and discipline around the professional fee revenue cycle in support of patient flow and physician, organization, patient, and employee satisfaction.
More Information
This webconference is intended for senior leaders of the health system sponsored physician enterprise who are looking to improve the financial and operational performance. For more information, please contact Jenny Pahira at PahiraJ@advisory.com or 202-266-6240. Advisory Board members at non-hospital organizations, please contact abhcic@advisory.com.
Please note, a valid hospital email address is required to process registration.
