Revenue Recovery: Build and Implement an Effective Recovery Strategy.

The COVID-19 pandemic has placed a spotlight on the healthcare industry, bringing inefficiencies, redundancies and unnecessary recurring expenses to the forefront. This crisis has left our health systems running frantic looking for immediate ways to cut cost, and those reductions are not always welcomed. Recent health system statistics show that for a medium size system, nearly $10 million in reimbursement is being left on the table every year due to improperly adjudicated claims and underpayments from the payers. In this unprecedented time when every dollar counts, how can health systems create more efficiencies and implement new strategies to recover more revenue?

Join TriZetto Provider Solutions’ upcoming webinar for a deep dive into why organizations need to adopt a revenue recovery strategy to aid in their cost cutting initiatives. We’ll discuss how the use of automation and technology can streamline the identification of these disputed payments, while introducing best practices that can help recover expiring revenue by automating appeals and payer follow up cadence. Even though resources are strained, we’ll provide recommendations to ensure recovery success, so you can immediately begin increasing your organization’s bottom line. 

After this webinar, you will be able to:
  • Gain a clear understanding of available revenue gain opportunities present within your organization
  • Identify potential work flow discrepancies, omittances and inefficiencies so you can begin building your revenue integrity strategy
  • Understand why technology and analytics, coupled with process automation, are critical to the success of recovery efforts
 


About the speaker:
Stephanie Rickard has been with TriZetto Provider Solutions for 10 years, specializing in healthcare services, software, and RCM platform solutions for a wide range of health systems, payers, IPAs and other large healthcare organizations. Combining consultative strategies with a strong knowledge and passion for this ever-changing industry, Stephanie is successful in increasing revenue for her clients, creating efficiencies and reducing cost through automation-enabled platforms and services.

Stephanie received her Bachelor of Organizational Behavioral Studies degree from Colorado Technical University and is also a proud Child Ambassador for World Vision, helping children, families, and their communities to reach their full potential by tackling the causes of poverty and injustice.
We needed to credential 10 providers and chose TPS because we trusted them with integration into our EMR, so it made sense to use their credentialing services as well. All documents are stored in one portal and we’re kept up to date on the application process. TPS has made our lives so much easier!

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TriZetto Provider Solutions® Powered by Cognizant

We help physicians, hospitals and health systems simplify business processes and get accurate payments quickly. We will always look for new ways to help you improve revenue and increase cash flow. We will stay ahead of regulatory changes so your office will never struggle to keep up. All so you can focus on the one thing that really matters: doing what is best for your patients.

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