A robust revenue cycle plays a critical role in the financial health of every hospital. Yet, many rural and community hospitals lack the necessary tools, staff, and other resources to implement effective and cost-efficient methods for capturing, managing, and collecting payments for patient services.

CHC Consulting, the consulting arm of Community Hospital Corporation (CHC), now offers Options RCM. This flexible revenue cycle management approach addresses your RCM requirements, ranging from short-term issue resolution to complete outsourcing. With Options RCM, rural and community hospitals can expedite payments, reduce costs, and establish long-term financial and operational resilience.

Optimal Solutions That Conquer Your RCM Challenges

Inadequate revenue cycle processes threaten hospital sustainability through shrinking margins. The inherent complexities and time-consuming nature of RCM often create pain points, necessitating optimized methods for third-party payment tracking and collection to significantly enhance financial and operational performance.

The Pain Point: Your organization has limited resources for adopting best practices for efficient revenue recovery.
How Options RCM Helps: Options RCM offers flexible revenue cycle management solutions, providing the tools, technology, and personnel that hospitals need to overcome challenges in the revenue cycle process. Unlike other firms requiring clients to outsource their entire revenue cycle, Options RCM offers a flexible approach. Whether it’s focusing on improvements in a specific segment of the revenue cycle or providing total outsourcing, Options RCM can address your issues directly.

The Pain Point: Your accounts receivable staff lacks the experience and knowledge to fully optimize your hospital’s revenue cycle system.
How Options RCM Helps: Our experienced team of consultants thoroughly understand how revenue cycle issues affect a hospital’s financial health. Our expertise can significantly benefit your staff by identifying issues, providing education and filling staffing gaps. Whether you need help with front-end registration, claim denials, payment validation or other functions, Options RCM can keep your revenue cycle system running smoothly.

The Pain Point: Your outdated technology is unable to quickly and adequately process third-party payments, creating inaccuracies and delays that financially strain your organization.
How Options RCM Helps: Older patient accounting systems can undermine financial performance if left unaddressed. Options RCM offers leading-edge technology that accelerates processes through patented workflow prioritization and root cause analytics, providing actionable insights that drive process change and improve yield performance.

The Pain Point: Outsourced revenue cycle management systems often fall short on delivering the right solutions to challenges in effectively managing patient accounts.
How Options RCM Helps: Options RCM presents a comprehensive approach to revenue cycle outsourcing that combines proven strategy, patented technology, and a strategic partnership that together transform your revenue cycle from a cost center to a strategic value-driven engine.

CHC Consulting’s expertise in enhancing revenue cycle processes has guided hospitals toward best practices that have led to increased net revenue, accelerated cash collection, and reduced costs.

 

Why CHC Consulting?

For 30 years, CHC Consulting, the consulting arm of Community Hospital Corporation (CHC), has been a leader in improving patient satisfaction, clinical outcomes, and financial performance for hospitals across the country. CHC Consulting’s expertise in enhancing revenue cycle processes has guided hospitals toward best practices that have led to increased net revenue, accelerated cash collection, and reduced costs.

Options RCM: The Right Solution to Fit Your Needs

More hospital CEOs and CFOs realize that revenue cycle management is no longer a back-office function but a strategic value driver that can steer your organization toward stability, resilience, and sustainable growth. Whether it’s a specific consulting engagement or a comprehensive outsourcing program for your revenue cycle challenges, Options RCM provides the expertise, tools and technology to meet your RCM requirements. Contact us today to find out how CHC Consulting and Options RCM can support and improve your revenue cycle performance.

Download the PDF version of the Options RCM Pain Points Solution