Unlock Financial Potential with Revenue Assessment and Maximization (RAM)
Inefficiencies in workflows, billing processes, documentation, and data management can result in “leaving money on the table” every year—money that could be better spent on workforce, new programs, and improvements in quality of care. Advocates for Human Potential’s (AHP’s) revenue assessment and maximization (RAM) process helps organizations understand and improve their revenue cycle and develop strategies for long-term success.
For over 35 years, Advocates for Human Potential, Inc. (AHP) has been improving health and human services systems of care and business operations to help organizations and individuals reach their full potential. AHP’s expert RAM consultation services validate process-related performance; document strengths and weaknesses in a revenue cycle; and develop recommendations for making up lost revenue, improving clinical productivity, and maximizing billing and claims.
Capturing Revenue: Key to Success
Today’s tumultuous healthcare climate demands providers leverage all available opportunities to maximize revenue and reduce inefficiencies. AHP’s experts will examine your organization’s data to identify and understand where revenue cycle breaks down and how to resolve issues. Our skilled consultants provide
a rigorous review of your organization’s unique needs and develop customized action plans based on those needs. Our suite of RAM services includes:
- Revenue and financial analysis.
- Contract review, billing process and operational assessment and recommended improvements.
- Forecasting patient volume and utilization trends, projecting future revenue potential.
- Software reconfiguration recommendations.
- Data warehouse and business intelligence dashboard development to support emerging value-based reimbursement opportunities.
Leverage RAM
AHP’s RAM analysis will result in process improvement recommendations for increased income potential. It will also uncover any gaps in readiness for growth related to billing and claims. Our specialized assessment and analysis includes:
- Reviewing information technology (IT) and software for alignment with the revenue cycle.
- Conducting process mapping of claims-related efforts and systems.
- Analyzing documentation, coding, billing, and collections practices.
- Evaluating and improving fee schedules.
- Assessing utilization management and care management.
- Identifying potential revenue-loss issues.
- Examining payer mix.
- Comparing observations with industry norms.
- Assessing overall financial performance.
Improving Workflows and Performance
AHP’s RAM process helps providers decrease expenses, leverage resources to make the most of payer contracts, and identify new opportunities for revenue capture. Our team will identify both meaningful opportunities for organic growth of current offerings and new opportunities that fit with your organization’s mission, assets, and people.
Our team will evaluate every step in the revenue cycle to create operational efficiencies that align processes
and workflows with key performance indicators and financial and billing systems. Organizational performance will improve when workflows are aligned with the most current business norms, insurance benefits, utilization review standards, and billing rules.
Take Action with AHP
Our team works with your team to deliver.
- Revenue cycle assessment findings.
- Opportunities for process improvement with estimates of the potential savings/earned revenue.
- Key performance indicators related to billing and revenue cycles.
- Clinical productivity recommendations.
- Contract-related recommendations.
About Us
Advocates for Human Potential, Inc. (AHP) creates powerful solutions to improve health and human services systems. By partnering with the federal government, states, municipalities, healthcare systems, and nonprofits, we help people experiencing the greatest disadvantages lead full and productive lives. We are national leaders in training and technical assistance, research and evaluation, publishing, and dedicated consulting. On issues from workforce development to mental health, substance use disorders to housing and homelessness, we help our clients enhance behavioral health care through systems change. AHP was founded nearly 40 years ago to develop solutions for some of the biggest social infrastructure challenges across the nation. Our company has offices in metro Boston, Chicago, and Los Angeles. Find out more at www.ahpnet.com.
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