The Consulting Chronicles: Unlocking Efficiency and Maximizing Revenue with Maxwell Healthcare Associates

June 21, 2023 00:33:11
The Consulting Chronicles: Unlocking Efficiency and Maximizing Revenue with Maxwell Healthcare Associates
Home Health Revealed (+Palliative and Hospice)
The Consulting Chronicles: Unlocking Efficiency and Maximizing Revenue with Maxwell Healthcare Associates

Jun 21 2023 | 00:33:11

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Show Notes

In this podcast episode, we delve into the world of agency operations and uncover the secrets to achieving efficiency and maximizing revenue. We talk with Eddie Vetter of Maxwell Healthcare Associates to provide valuable insights to help healthcare professionals navigate the complex landscape of consulting projects and process optimization.

Join us as we uncover the different types of consulting projects for intake and SOC processes. Discover how agencies are centralizing various functions to a shared services team and the impact it has on streamlining operations.

We tackle one of the biggest challenges faced by healthcare agencies: achieving a quick and efficient intake process. Learn about the hurdles that can arise, including the need for outsourced authorization and eligibility processes. We'll discuss strategies to overcome these obstacles and improve overall efficiency.

RCM (Revenue Cycle Management) takes center stage as we dive into process optimization and team staffing assessments. Explore effective workflow and task assignments that can transform RCM processes, leading to improved outcomes and revenue optimization. We'll also address common client inefficiencies and identify areas for improvement.

No system is perfect, and healthcare agencies face their fair share of system issues. Discover common system challenges and gain valuable insights into mitigating these issues to enhance operational performance.

DSO (Days Sales Outstanding) can significantly impact the financial health of healthcare agencies. We analyze the factors that contribute to higher DSO. Learn how to identify and address these issues to achieve a more favorable financial position.

Effective reporting and data capture are crucial for informed decision-making. We explore the RCM reporting needs of healthcare agencies and the importance of capturing accurate and comprehensive data. Discover the benefits of robust reporting capabilities and how they can drive velocity and success.

Adjustments and write-off reasons play a vital role in revenue management. We analyze the most common types of adjustments and write-offs encountered in healthcare agencies. Managing these processes effectively optimizes revenue and financial stability.

Finally, we address the reporting requirements and expectations of healthcare agencies. Uncover the types of reporting agencies need and explore the capabilities of velocity reporting. Discover how these reporting tools can empower agencies to make data-driven decisions and achieve operational excellence.

Unlock the secrets to transforming your agency's operations, streamlining processes, and maximizing revenue. Get ready to revolutionize your healthcare consulting journey!

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