Thought leader podcast series: Revenue Cycle

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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:

About Anderson Regional Medical Center

1:08

Value-based reimbursement

2:15

Bundled payments

4:39

Consumerism

6:51

Payment plans and tools

8:18

Patient portals

10:27

Reduced AR days and credit balances

12:38

MEDITECH Financial Status Desktop

16:35

Lean six sigma

19:01

Technology tools

21:07

Key Performance Indicators

24:19

Revenue cycle changes

26:50

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.

Download the Anderson Regional Case Study

Topics: Podcast, Population Health, Revenue Cycle

Written by Ken Laliberte, Solutions Manager for Analytics and Population Health, MEDITECH

Ken Laliberte is responsible for meeting with healthcare leaders to discuss how MEDITECH's solutions and services will allow them to excel in an industry in the midst of a paradigm shift from volume to value. He fervently believes that true transformation requires organizations to not only obtain technology and software, but to also address buy-in and processes. Ken enjoys exploring creative solutions organizations can deploy to standardize and enhance workflows for increased efficiencies and discussing strategies to promote engagement and buy-in.
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