Revenue Cycle Management
A PROFESSIONAL SERVICE FROM INNOVATIVE
The Experts You Need to Improve Cash Flow, Patient Satisfaction and Compliance
Revenue Cycle Management (RCM) software and strategies can improve your financial stability. Do you have the in-house expertise to implement them? If not, we’ve got your back.
Supporting Your Revenue Cycle Management Efforts
Our Approach
Our Revenue Cycle Management (RCM) support is delivered by healthcare IT experts who can help your health system efficiently implement or optimize your RCM software and strategies—and set you up to manage them artfully on your own.
Why you need it
Healthcare organizations are striving to remain financially stable. RCM software and improvement strategies can help, but in-house team members may not have the training and experience to implement them. In these cases, outside support from specialized experts can help hospitals efficiently implement and optimize their RCM approach while enjoying these benefits:
Affordability. Staff augmentation saves hospitals money on training and other staffing expenses.
Scalability. Outside support lets systems surge in terms of IT resources when they need do, and to then back off when they don’t.
Expertise. On-demand access to RCM experts helps hospitals complete initiatives and leverage investments faster.
How it works
Whether you are looking for end-to-end RCM support and solutions or help with a particular part of the process, we’ve got you covered. Our experts are versed in all aspects of RCM, including:
- RPreregistration
- RRegistration
- RCharge capture
- RClaim submission
- RRemittance processing
- RInsurance follow up
- RPatient collections
Why Innovative
Everything we offer, we offer with next-level service.
Because if the service piece isn’t there, clients can feel it.
We’re insanely flexible—because this is about your goals.
With Innovative, you choose the level of support you need, not us.
We only have eyes for healthcare.
Some IT consultancies serve multiple industries; we serve one.
We’re agile by design and have been for 20+ years.
We’ve evolved to support any system, any stack, and any goal.
Up to speed, right out of the box.
Our teams bring value right away—because that’s when you need it.
Get This
Patients—not insurers—represent the fastest growing payment source for healthcare providers. That’s why RCM strategies are becoming increasingly patient centric—and inclusive of online payment options.
The Latest from Innovative
Cleaning Up IT Issues Can Add Much-Needed Cash to Hospital Coffers
Median days cash on hand dipped to a 10-year low for U.S. hospitals and health systems. To shore up their balance sheets, hospitals are looking for cash savings from their IT areas, among others, using a process called application rationalization.
Tech Sprawl Is Bloating Hospital IT – Costs and Inefficiency Are Up
High IT costs are on the radar for hospital CIOs and CEOs. About half of CIOs believe that there are more applications in their portfolio than the business requires. For some hospitals, these financial pressures are putting care at risk. Changes in the IT area could significantly cut costs and, at the same time, improve care delivery.
Hospitals Are Outsourcing IT to Save Money, Modernize Systems
Hospitals are continuing to feel the financial pinch. To stay afloat, one cost-cutting measure is to outsource parts of IT. In fact, the IT outsourcing trend is growing, because the benefits go beyond cost savings.