The revenue cycle, as currently configured, has hit its upper limit within its adaptive evolutionary range. Every future attempted gain is generally offset by neutralizing factors and performance tradeoffs. Gains in performance that a generation ago had been secured by way of revenue cycle’s size and complexity are now offset by losses in revenue visibility and integrity, with a commensurate increase in back-in costs to correct for these inefficiencies.
From Revenue Cycle to Asset Management
Today’s financial analysts use sophisticated tools to rate asset performance. They use these tools to prioritize work effort and to mitigate risk. The better the analytical tools, the higher the margins. But what if, a health care organization applied similar analytical tools to its receivables and produced its own investment-grade determination of value and performance? And what if it then used this information to command the value of the asset in real-time, rather than “loaning” assets to servicing agencies with
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