Three Steps to Look at Revenue Risk
Are you struggling to identify the many sources of revenue risk throughout your hospital? Many are feeling data rich and information poor today – that is, until they gain clarity into what to do.
To gain the visibility needed to reduce revenue risk, leaders are aligning data sources that are typically siloed. And it’s amazing what they’re finding.
To reveal a sample of your revenue-at-risk rate, follow these three steps:
- Take a data sample from an area known to be a top area for revenue risk,
- Validate that data to see how correct, current, and complete it is,
- Determine the percentage of revenue at risk in that sample.
Attend the Craneware Benchmark Series: Key Indicators of Revenue Integrity Excellence to understand how well your organization is performing against Craneware standards and, equally importantly, gather step-by-step best practices to minimize compliance risk and optimize financial performance.
We’d love to hear more from you about how you are validating the accuracy of data that ties directly to charges and revenue.