Ero Health’s Post

By creating high-performing, sustainable revenue cycle operations, one health system added $20 million to their bottom line. Learn more about the benefits of a collaborative, transparent, and “communication-first” approach to change: https://bit.ly/3vJm9M2

We’re excited to see you this week at the 2024 AHIMA Conference in Salt Lake City. From October 27-29, visit Conifer Health Solutions at booth #1329 to explore how our leading-edge HIM and RCM services can elevate your organization’s health information management capabilities. Our solutions help ensure regulatory compliance, reduce operational costs, and improve overall efficiency. Let’s discuss how we can partner to enhance your data management and revenue cycle performance. #AHIMA2024 #HIM #HealthData #RCMSolutions

Sometimes we run into situations where brokers or customers are calculating our PMPM fee relative to the number of visits we anticipate completing. I totally understand why. It's their most common frame of reference. But there's an underlying problem with this thinking: The traditional system for PT rewards inefficiency. Our model is fundamentally different. We stratify risk upfront so patients get the RIGHT amount of care. Low-risk patients can go back to living life. We aren't motivated to keep them around because they are "easy" and "billable." They may only need one visit! High risk patients / more complex cases can stick around as long as they need. Not just that, but it's in our best interest to create sustainable change by treating the root cause of the pain so they don't actually need to come back. Less visits = better. Let me caveat this statement. MSK remains a HUGE category, so there will always be demand and visits. If we are getting 0 visits, we aren't doing a good job on engagement. 50% of the population has an MSK issue at any given time, so we better be delivering at least 15% engagement...in our case, our average is 25%. But once that person is in, you have to understand their risk profile and use that to shape the treatment plan which doesn't always need to be 10-12 visits. Thanks to Ryan McConnell, PT, DPT, DSc, OCS, COMT, FAAOMPT for this conversation! I'll be posting more insights next week from this conversation, so stay tuned!

Streamlining Financial Health: Revenue Cycle Management Market 2024 Value Chain, Industry Analysis and Trends and Forecast 2031 | Coronis, Epic Systems, Conifer Health Solutions https://lnkd.in/gRPNWwYh #marketanalysis #marketresearch #marketresearchreports #businessintelligence

Discover how our CTRM Health Check transformed performance challenges into strategic advantages, providing actionable recommendations for enhanced system reliability and operational efficiency. Read the case study to know more: https://hubs.li/Q02GcFYk0 #ValueCreed #CTRM

Never lose sight of the important thing. At the end of the day, revenue cycle teams are trying to collect cash for their organization, says Fareed Aziz, VP of RCM at Marshall Health Network. That's why his #1 metric is cash to net revenue. And he tries to exceed this by 1-2%. That tells him how he's doing resolving aged A/R. He breaks it all down below. #revenuecyclemanagement ***** Aziz was a guest on the RCM Ladder. Links to the full episode below in the comments.

5 health systems naming revenue cycle vice presidents: Here are five health systems that have made revenue cycle vice president hires in 2024:  http://dlvr.it/T5GrQz

Healthcare Information and Management Systems Society (HIMSS) interviewed American Health Connection CEO Yuriy Kotlyar on how healthcare call centers can improve the revenue cycle as well as the patient experience. Watch the full video here: https://lnkd.in/eQVt7FqY

Big news: The Enhanced Duration Tool from MDGuidelines is now available! This redesigned feature offers clear stats on recovery times and transforms case management by setting recovery goals. Discover how this tool can help your organization return employees to health quickly and safely! https://ow.ly/I8jR50Ts48x #durationguidelines #productupdate #leavemanagement #absencemanagement #evidencebased

Click here to read about the 5 most significant #ValueBasedCare trends and predictions for 2025: https://bit.ly/4go3E1E #PracticeManagement #MedicalPractice