To achieve a healthier bottom line, maintaining the status quo is not a viable option.
To successfully manage your business today and tomorrow, you need a strong financial infrastructure. Our solutions and services are designed to help your organization minimize cost and maximize quality outcomes to achieve a healthier bottom line.
The health IT landscape is constantly evolving. Shifting consumer behavior patterns, coupled with the industrywide transition from fee-for-service to fee-for-value models, means that hospitals and health care providers must structurally adapt in order to remain successful.
Florida Hospital Tampa, a member of Adventist Health System (AHS), found it best to go back to basics during its preparation for ICD-10. As part of ICD-10 training, AHS provided refresher courses in anatomy and physiology to help its coding staff improve efficiency prior to the code set transition. As of November 2015, AHS hospitals have improved discharged not final coded time to 2.4 days, the discharged not final billed time to 4.3 days and its accounts receivable process to 55.8 days.
In two years, one of the largest non-profit health systems in the U.S. saw its clean claims rate climb ten percent. It credits that, in no small part, to its comprehensive and clinically-driven revenue cycle solution.
HFMA's Dr. Jim Landman and Cerner’s Jeff Hurst Talk Revenue Cycle: As our industry shifts from volume-based to valued-based care, clinicians will no longer be paid for the services they provide, but instead the documentation of services they provide. That’s why clinical and financial alignment is essential. Recently we spoke with Dr. Jim Landman, director of Healthcare Finance Policy, Perspectives and Analysis with the Healthcare Financial Management Association (HFMA), and Jeff Hurst, senior vice president of Revenue Cycle Management and president of RevWorks with Cerner. They discussed how technology, best practices, consumerism and market trends are evolving the revenue cycle. Dr. Landman will share more insight during his keynote session at Cerner’s Revenue Management Symposium, 8 a.m., CST, Monday, Nov. 14: Market trends, regulatory change and the role of health IT: shifting to value-based care. Attend Dr. Landman’s keynote and nearly 50 other revenue cycle-focused sessions, at Cerner Health Conference Nov. 14-17, in Kansas City, Missouri.
Great River Medical Center – Decreased A/R by 11.11 days across 16 ambulatory clinics.
Our solutions and services are designed to help your organization:
Supports clients in 42 states, including:
Verify expected reimbursements and manage any variances and denials right within your workflow.
Connect clinical and financial information and automate utilization management, clinical documentation improvement and discharge care management within Cerner’s EHR.
Electronically monitor, support and manage health information of all types for a comprehensive, secure medical record.
Get complete and accurate information at the point of service to help manage your cash flow.
Enable a comprehensive workflow including registration, scheduling, patient tracking, patient accounting and reporting through a single platform in the ambulatory setting.
Integrate people, process and technology, to help improve workflow efficiencies, meet organization metrics and control cost to collect.
Our Clinically Driven Revenue Cycle™ approach is designed to improve workflows across the continuum of care. It’s an integrated strategy that allows you to drive revenue cycle performance in today's fee-for-service (FFS) environment while preparing for the risk-based models of tomorrow. Our comprehensive suite of solutions spans across registration, scheduling, case management, health information management (HIM), contract management, patient accounting and transaction services.
As the industry shifts from volume to value, we are committed to helping our clients thrive. In 2015, Cerner invested $124 million in research and development for companywide initiatives and grew our RCM team to more than 3,000 associates. In fact, our dedicated team of associates average 22 years of RCM experience to help guide our clients on best practice recommendations and optimal use of our solutions.
We continue to invest in the knowledge and skillsets of our associate community through a robust education and training program that empowers them to lead more successful projects in today’s ever-changing health care environment. Our certified curriculum provides participants with a deeper understanding of the entire revenue cycle and how it influences financial outcomes along with hands-on experience across all Cerner revenue cycle solutions, inclusive of design and build standards and best practices to help our clients achieve a true Clinically Driven Revenue Cycle system.
Additionally, through Cerner RevWorksSM, we provide revenue management services to help you address the complex challenges of managing your revenue cycle operations. From short-term project support to long-term engagements, our services are designed to meet your unique business needs. By integrating people, process and technology, we enable our clients to improve workflow efficiencies, meet organizational metrics and control their cost to collect.