Reposition revenue cycle as a strategic asset
Managing day-to-day operations amidst ever-escalating challenges can be a significant burden for revenue cycle operators. As you tackle the day-to-day, there’s an opportunity to better align the revenue cycle with broader organizational goals to help drive personal, team, and organizational success.
Managing today’s (and tomorrow’s) healthcare revenue cycle
The legacy perception that revenue cycle is just “billing and collections” is outdated and minimizes the importance and complexity of the function. Cost management, shrinking margins, government regulation, complex payer contracts, patient experience expectations, demographic data collection requirements—all challenges that today’s revenue cycle operators face.
And then there are the multiple systems that are meant to be helping you be more efficient. Is your EHR optimized, and are you using it effectively to automate your processes? Where are you on the interoperability journey? What will innovation and emerging trends mean for the revenue cycle?
As a revenue cycle leader, it’s your responsibility to maintain a sophisticated level of knowledge and process management around these challenges, even those outside your span of control. In fact, your success oftentimes is dependent on the work and decisions of others.
We’ve been where you are—and where you need to be
At Chartis, many of our staff have worked in revenue cycle operations for provider organizations. We’ve experienced the frustration that misaligned processes and technologies can create. We help clients transform revenue cycle processes and optimize technologies—broadly, as part of a full transformation, or selectively, to accelerate specific value capture.
Whether you seek to ease or improve a specific aspect of the revenue cycle—or further progress on your full transformation—we meet you where you are and help you see and seize improvement:
- Align the revenue cycle operating model to support strategic priorities.
- Maximize technology investments.
- Enable the realization of full revenue potential at the lowest possible cost to collect.
- Create a consistent, equitable, and predictable patient financial experience.
Recognized for outstanding client impact
We believe in a better consulting experience for our clients.
That’s why Chartis is honored to be named the Best Overall IT Services Firm by KLAS Research.
Chartis also ranked no. 1 in HIT Core Clinical Implementation Leadership and Financial and Clinical Improvement Consulting.
Best in KLAS recognition is given to service providers for outstanding efforts to help healthcare professionals deliver better patient care. KLAS data and reports represent the combined opinions and experiences of provider and payer organizations comparing how their vendors, products, and/or services perform when measured against client objectives and expectations.
Chartis provides the best revenue cycle consultants I have ever worked with. They possess a deep knowledge of best practices and industry trends, which they apply in tailored recommendations. Their advice is top notch—not just on what to implement but how to implement it. They are genuinely nice and caring people, whom I recommend without reservation.
”Meaningful results, long-lasting impact
We help clients achieve better quality, affordability, access, experience, and financial outcomes. Average financial results achieved across our client portfolio:
Cash to net revenue improvement
Avoidable write-offs reduction
Bad debt reduction
Discharged, not final billed (DNFB) reduction
Reduction in A/R days
Initial denials reduction
A/R > 90 days reduction
Related insights
Meet our Revenue Cycle Transformation leaders
Chirag Bhargava
Chirag Bhargava is a Senior Partner in Financial Transformation and co-leads the Revenue Cycle Transformation practice. He has more than 20 years of experience in revenue cycle management, technology implementations including Epic, leading healthcare transformations, and has worked with several revenue cycle leaders across the nation.
Prashant Karamchandani
Prashant Karamchandani is a Senior Partner in Performance Transformation and co-leads the Revenue Cycle Transformation practice. He brings more than 19 years of experience in revenue cycle, strategic planning, business intelligence, technology, and healthcare consulting.
Kevin Ormand
Kevin Ormand leads the Performance Transformation Line of Business. He brings over 25 years of experience in strategy development, operations management, revenue cycle technology implementation, technology integration with revenue cycle business processes, and enterprise revenue cycle performance improvement.
