Question
The hospital revenue cycle begins from the time the patient first makes the appointment until the services rendered are paid in full. When providing consulting
The hospital revenue cycle begins from the time the patient first makes the appointment until the services rendered are paid in full. When providing consulting services to a medical group, I was asked to identify areas where they were inefficient. A leader noted that they had gross revenues of 30% but the net income was closer to 12%. I asked him how he felt about the net percentage, and he responded that it should be higher. From your perspective, how can a healthcare organization improve its net revenue? Is the answer to increase billable charges?
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