Integrated Revenue Solutions Revenue Cycle Shared Services
Health systems tap into the benefits of business office consolidation and shared services. In recent years, both national and local health providers have grown through mergers, acquisitions, and joint ventures. Much of the consolidation is designed to achieve substantial efficiencies, yet many providers are not taking full advantage of these integrations. Many organizations continue to function as holding companies that share only select resources, rather than uniting their efforts to transform to fully-integrated operating companies. As a result, many providers have often missed opportunities for revenue growth and efficiencies that can be achieved through consolidated revenue cycle functions and shared services.
FTI Consulting works with clients to determine a strategic vision for their organization and the level of consolidation that is in their best interest. Drawing on extensive knowledge of and experience with revenue cycle standardization and shared services, FTI Consulting professionals lead their clients through each step of the transformation process.
- Strategic revenue cycle planning FTI Consulting develops a “future state” operating model for a client’s revenue cycle, along with a roadmap to achieve that model and its return on investment (ROI).
- Revenue cycle standardization FTI Consulting helps clients take the first step of centralization: creating streamlined and efficient processes so that all facilities perform at a consistent level.
- Enhanced customer experience FTI Consulting aims for consistent, patient-centric processes and technology enhancements to improve the customer experience.
- Customized implementation for shared services FTI Consulting’s methodologies and tools can be applied to a single revenue cycle function, such as scheduling, or to the entire revenue cycle.