Revenue Cycle Outsourcing Service Sheet
Making an Important Decision Successful
FTI Consulting helps clients understand and navigate revenue cycle outsourcing, from unbiased vendor selection to expert negotiation and management support. If you make the decision to outsource, you want to be sure it is truly successful and transformative.
Our team can work with you to achieve 15-30% cost reduction at day 1 of the contract, cut deal time roughly in half, and provide guidance throughout the vendor selection process.
With our unique understanding of the pitfalls, pricing and negotiation tactics of the vendors, FTI Consulting can help you find the best vendor fit and negotiate the best deal for you.
FTI Consulting’s Revenue Cycle Outsourcing Roadmap:
- Align a strategy to achieve organizational goals for outsourcing
- Prepare RFPs using our library of past successful proposals
- Build data microsite to give vendors the data needed to deliver detailed bids in an efficient and timely manner
- Facilitate vendor selection based on co-developed, weighted criteria
- Develop contract structure to achieve the best rate and KPI mix
- Validate KPIs to determine impact to organization
- Lead contract negotiation based on our extensive experience
- Facilitate all aspects of transition management, including system cutover, data transfer and reconciliations
- Advise on structure and management of your new team
- Day 1 performance monitoring