Savista's Revenue Cycle Navigator

With services spanning the revenue cycle, Savista partners with healthcare providers to find customized solutions in areas of patient engagement, health information management, revenue integrity and accounts receivable.

In this month’s edition of the Revenue Cycle Navigator, learn more about our coding solutions in honor of National Coding Week, learn about how the Pareto principle applies to the healthcare revenue cycle and read why we believe revenue integrity professionals should enhance CDM technology.

CELEBRATING NATIONAL CODING WEEK

Coding is undoubtedly the most complex function of the revenue cycle, yet the most important for your financial health and the safety of your patients. Accurate, timely and appropriate coding records your patient’s care journey. It ensures all appropriate revenue is identified, reduces denied claims, decreases cost-to-collect, and helps mitigate compliance risks. In celebration of National Coding Week September 14-20, learn more about Savista’s coding solutions here.

EMBRACING THE PARETO PRINCIPLE

The Pareto principle essentially states that 80% of the outcome is driven by 20% of the input. For example, 80% of your revenue is driven by 20% of your clients, 80% of your complaints are driven by 20% of your patients, and 80% of your denials come from 20% of your payers.

In this Medical Economics article from Savista’s Vice President of Strategy Andrew Cuppia , read how partnering with an organization that specializes in low-dollar AR may help use this principle to your advantage.

ENHANCING CDM TECHNOLOGY

A charge description master (CDM) is essentially a comprehensive list of services provided by a healthcare facility along with their associated costs. This list of billable items is the heart of a hospital’s cash flow and is integral to a well-functioning revenue cycle.

In this MedCity News article, Savista’s Vice President, Revenue Cycle Solutions Kyle Sherseth explains three ways healthcare organizations can benefit from leveraging qualified revenue integrity professionals to enhance CDM technology and drive additional ROI.

Looking for more insights from Savista’s experts in revenue cycle management? Check out Savista’s website for more articles and information.