In this installment of our thought leader podcast series, I chat with Kevin Adams, Director of Revenue Cycle, Anderson Regional Medical Center (Meridian, MS) about the challenges and successes of revenue cycle management in healthcare today. During our discussion, Kevin shares insights on different payment and reimbursement models, and how government policies and insurance plans are constantly affecting the financial side of healthcare organizations every day. Kevin also covers how using lean process improvement, technology, and teamwork, resulted in lowering Anderson’s A/R days by 50% and reducing lost revenue by 90%. Listen in as revenue cycle industry expert, Kevin Adams, sheds some light on the past, present, and future of health systems’ financial status.
Specific topics covered in this podcast include:
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About Anderson Regional Medical Center |
1:08 |
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Value-based reimbursement |
2:15 |
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Bundled payments |
4:39 |
|
Consumerism |
6:51 |
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Payment plans and tools |
8:18 |
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Patient portals |
10:27 |
|
Reduced AR days and credit balances |
12:38 |
|
MEDITECH Financial Status Desktop |
16:35 |
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Lean six sigma |
19:01 |
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Technology tools |
21:07 |
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Key Performance Indicators |
24:19 |
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Revenue cycle changes |
26:50 |
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Point of service collections |
28:39 |
|
Future of revenue cycle |
30:32 |
Prefer to read? Check out the full transcript.
Download our case study on how Anderson Regional cut AR days by 50 percent using MEDITECH's 6.1 Revenue Cycle Solution.
