Revenue Cycle BPO / Full Outsourced Model

Revenue Cycle BPO / Full Outsourced Model

U.S. hospitals and physician groups today face numerous obstacles in their efforts to control operating costs while providing high quality care to the patient populations they serve. Unfortunately, many healthcare providers do not have access to the expertise necessary to maximize the RCM process. A tight labor market, increasing costs, decreasing reimbursements, and a complex payer mix provide increasing pressure upon providers.  These challenges, along with others, simultaneously impact healthcare providers on a variety of fronts: their revenue, their cost, their risk exposure, and their outcomes.

Specific examples of this include:

  • Declining patient volumes
  • Decreasing reimbursements
  • Deteriorating payer mix
  • Increased patient responsibility
  • Fixed cost structures
  • Capital investments and sunk costs
  • High compliance obstacles
  • Increasing legislative and regulatory complexity
  • Shift to value-based reimbursements
  • Patient engagement and satisfaction requirements
  • Consumer-driven healthcare

In light of these challenges to balancing quality patient care with the cost of providing it, AVEC has developed a proven, end-to-end, revenue cycle solution based on the measured value we deliver to healthcare providers.  This model includes; a distinctive operating partnership, an aligned financial relationship, coupled with leading-edge resource and technology positioning.  The end result is a solution that reduces RCM costs and increases efficiency and profitability.

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Extended Business Office (EBO) Solutions

Utilizing AVEC’s Extended Business Office (EBO) solutions, hospitals can achieve significant Revenue Cycle Management (RCM) improvements and efficiencies.  These include items such as; fewer denials, lower AR days, increased collections, increased cash on hand, reduced patient and payer collection costs, and lower overall administrative costs. Visit our Extended Business Office (EBO) Solutions Page.

Night Hawk Program

AVEC’s Night Hawk program provides an unprecedented level of customized workforce optimization options for today’s healthcare finance challenges. We start work when your day ends. AVEC resources are often engaged so that a provider’s patient accounting staff can focus on what they deem most important. Learn more about our Night Hawk program here.

Legacy A/R Clean Up and Project Work

AVEC provides effective billing, collection and liquidation strategies specific to a provider’s soon-to-be replaced AR system, allowing internal resources to focus on the implementation, training and utilization of the new system. Learn more about A/R Clean Up and Project Work.

Consulting

AVEC offers a the following consulting services: Revenue Cycle Assessment (Front-End to Back-End Operations), Revenue Cycle Optimization (Billing, Staffing, Workflow), Revenue Cycle Design Services (System Optimization, Technical Review), Quality/Productivity Program Design, Full-Service EBO Consulting, Self-Pay Consulting Projects, Insurance Consulting Projects, System Conversion/Optimization. Visit our Consulting page for more info.