Impact Advisors recently worked with a health system to determine why their revenue wasn’t improving alongside a slight increase in patient volumes. The team uncovered a higher-than-expected observation rate and a need to improve patient classification, create a stronger denial mitigation program, and redesign the physician peer-to-peer processes.
Here’s what our client had to say:
“Impact Advisors’ team worked with us side by side. They have walked in our shoes – their clinical knowledge was appreciated by our team and made it easier to work together and get results.”
-Chief Revenue Officer
The training, education, and onboarding delivered by Impact Advisors resulted in the capture of:
- Over $34M (annualized) in patient revenue due to patient classification improvements and denial reductions
- A 50% decrease in observation patients’ average length of stay (LOS)
- A 9% decrease in the overall system observation rate
Download the case study here.
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
