Streamlining Revenue Cycle Management for a Leading Healthcare Provider

This case study explores how a leading healthcare provider partnered with Coronis Health to optimize their revenue cycle management (RCM) processes.

Inconsistent Cash Flow: The organization experienced unpredictable and underperforming monthly cash flow, falling short of financial targets.

High Days in AR: The extended collection cycle delayed critical revenue, impacting financial stability.

Full Lift Day One Services: A specialized RCM partner took on all revenue cycle tasks, including coding, billing and payment posting, enabling the healthcare provider to focus on patient care.

Expert Staff and Technology: Leveraging experienced professionals and cutting-edge technology, the partner ensured accurate coding and expedited claim processing.

Streamlined Workflow: Streamlined processes reduced delays and maximized revenue capture.

Record-Breaking Cash Flow: Monthly cash flow consistently exceeded goals, reaching an unprecedented $18-19 million range.

Increased Revenue Capture: The healthcare provider experienced a significant increase in revenue due to the expertise of the RCM partner.

Reduced Days in AR: The collection cycle improved dramatically, reducing days in AR from over 70 to 63.

Enhanced Efficiency: Internal resources were freed up to focus on core operations and patient care..