Financial complexities surrounding long-term post-acute care (LTPAC) organizations are more challenging than ever—from expanding payer sources (each with its own unique contract, billing and collections mechanics) to evolving rules and regulations, new technologies, denial trends, the drive toward automation and more. As sands continue to shift, facilities must balance the need to adapt and evolve with daily demands of collecting revenue and minimizing potential lost dollars.
In these times, your revenue cycle must excel in every way possible. Richter’s comprehensive Outsourced Revenue Cycle Management Services are the solution that facilities around the country rely on. By taking the burden of revenue cycle management off your plate from day-one, we enable you to focus resources toward delivery of care across the post-acute continuum.
No longer must you hire, educate and retain full-time staff to handle the growing and complex assortment of revenue cycle management functions. Richter manages the universe of revenue cycle functions in your organization that contribute to the capture, management and collection of patient service revenue.
Utilizing Richter’s proprietary and time-tested service scope, our experienced team tracks revenue from admission/registration through collection of accounts receivable balances and everything in between. As this occurs, we partner with you to compile demographic and census data; manage cash processes and debt reconciliations; keep your employees confidently trained in the latest procedures, regulations and safeguards; and identify operational efficiencies to prevent poor financial performance.
Outsourced revenue management solutions from Richter include:
To learn more about how Richter can provide outsourced revenue cycle management solutions starting today, please fill out the form below to request more information or contact us here.
Subscribe to our newsletter for monthly access to articles aimed at helping you enhance operational, clinical and financial outcomes.