Merger and acquisition activity in the healthcare industry is booming. Physicians and smaller medical practices are being consolidated into larger groups as they are looking to lower the costs and increase profit margins. We will help your medical practice navigate the challenges of entering into collaborative arrangements with cost-efficient revenue cycle management healthcare solutions.
Hospitals and medical groups must keep pace with a constantly changing environment. Regulatory changes that negatively affect cash flow require healthcare organizations to do more with less. Effective outside assessment of all areas of revenue cycle management can be vital to your financial success!
Affordable revenue cycle management healthcare consulting is the answer.
Our focus is to help your business grow and run smoothly. We understand the challenges faced with the claims processing and recovery environment. Sunlit Cove Healthcare Consultants provide professional subjects matter experts in the healthcare industry to enhance your business. Our consulting services are available to assist with your day-to-day operations, revenue cycle management and provide expertise in growth and change management.
Our focus is to help your business grow and run smoothly. We understand the challenges faced within the revenue cycle management. Sunlit Cove Healthcare consultants provide professional subjects matter experts in the healthcare industry to enhance your business.
Lori Intravichit is the CEO of Sunlit Cove Healthcare Consultants. She has more than 25 years of healthcare experience. Lori has extensive experience in revenue cycle management and healthcare administration in senior management roles within both provider and payer organizations.
Our team of experts at Sunlit Cove Healthcare Consulting have a diverse skillset which allow us to focus on the unique challenges facing the healthcare industry today. Our combined years of expertise in healthcare administration enables us to eﬀectively analyze constraints, problem areas and challenges.
The business office had to identify the credit balances that needed to be refunded vs. the accounts that required a financial adjustment. Sunlit Cove Healthcare consultants remained on-site for continuous follow-up and management training to ensure the tracking review was monitored daily. The credit balances met compliance standards within 120 days of the implementation of the new process and tracking system.
Sunlit Cove Healthcare consultants interviewed and hired all staff, developed, completed all policies and procedures in addition to leading all training sessions for the new employees. The department was continually run by Sunlit Cove Healthcare consultants for nine months until the right candidate was identified and hired.
The business office that was not posting as much as 30% of the payments received on a monthly basis was able achieved 100% compliance within the first 30 days of Sunlit Cove Healthcare's team new process implementation.
According to The Eighth Annual Trends in Healthcare Payments Report:
73% of providers report that it takes them one month or longer to collect from patients. On the other hand, 80% of consumers report they pay their bill within three weeks.