Jacobus Consulting
Revenue Cycle Solutions
The Revenue Cycle is comprised of people, processes and systems that must operate at peak efficiency to financially support the Mission of a hospital. It should be the engine that empowers strategic plans for market expansion, improved quality and patient care, expanded service lines, investments in clinical systems and plans to move toward a high-performance culture. Healthcare leaders should ask themselves whether their Revenue Cycle is enabling their plans, or holding them back.
Jacobus is uniquely qualified to help providers transform their Revenue Cycle. Based on our expertise, proven tools and an innovative methodology the solves root-cause problems, we have a solid record of improved cash flow, reduced claim denials, bad-debt reduction, increased revenue, improved customer service and increased compliance -- all while controlling costs.
Jacobus provides an entire set of Revenue Cycle services, including:
- Revenue Cycle systems optimization for scheduling, registration, charging, coding, chart management, DNFB, billing, collections and denials.
- Revenue Cycle process optimization to streamline coordination across departmental boundaries.
- Staff restructure and retraining services for improved performance, improved collaboration and re-alignment to Revenue Cycle best practice.
- Revenue Cycle policy and procedure development.
- Patient Access Quality Improvement tools.
- Identification and recapture of lost or missing revenue.
- Charge Description Master (CDM) cleanup – assessment of the current CDM, including revenue coding, CPT-4, HCPCS Level II and III coding, pricing and revenue generation, with a detailed plan for ongoing re-design.
- Coders, coding audits, and DNFB management for coding and physician deficiencies.
- Cash Acceleration and Recovery services and tools for rebilling, collections, denials and underpayment management, and AR reduction.
- Key Performance Indicator (KPI) reports and dashboards for improved management visibility and control.
