The partnership focused on reducing denial write-offs, increasing charge capture, addressing payment variance, reducing cost collections and identifying automation opportunities. St. Charles looked to improve its RCM process after the COVID-19 pandemic put financial strain on the health system, according to an Oct. 19 Guidehouse news release.
The collaboration led to a $680,000 daily increase in gross revenue.
“In less than six months of working with Guidehouse, the St. Charles revenue cycle team delivered substantial and enduring improvement to revenue capture,” St. Charles CFO Matt Swafford said in the news release.
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
