Tag: Brian Fugere
Comparative analytics: Manage revenue cycle
May 28, 2014Brian Fugere
A. Managing the revenue cycle is more challenging than ever. HME/DME providers need to identify and analyze the issues that impact performance and streamline processes to stay competitive.Efficiency is a key component to the revenue cycle of any HME provider. Getting the money in the door starts with the provider documenting all aspects of the business completed in a timely manner.Next, the billing and coding team(s) takes over to properly code the encounter and form the claim.The last steps are...
Comparative analytics: Isolate areas to improve
January 24, 2014Brian Fugere
A. Identifying and isolating areas that can improve financial performance requires comparative analytics to measure, monitor and manage key indicators through benchmarking results against peers.Under the new reimbursement initiatives, HME providers are increasingly shouldering higher levels of risk to earn the same revenues that they received in the past. The ability to track all of the metrics associated with these initiatives, and then compare your performance against your peers, is becoming a...