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About IRM
Who We Are
Integrated Revenue Management (IRM), is a national healthcare education company focused on improving all aspects of revenue cycle management while increasing efficiency, compliance, and sustainable financial stability. IRM’s hospital partners conservatively expect to recover annual net income improvements in excess of $178 million over the next 12 months.
IRM specializes in ...
- Evaluating revenue cycle processes and providing facility-specific Strategic Road Maps of additional, embedded revenue opportunities.
- Offering professional training and implementation of internal Revenue Management Departments and associated staff. Core competencies are focused on achieving appropriate net revenue increases through transactional audit reviews and process improvement initiatives.
- Providing metrics to track and trend process changes and correlative increases in compliance and net revenues.
- Providing comprehensive revenue education that supports all components of the revenue cycle.
Focused Audit and Education Disciplines
- Managed Care Payment Variance
- Denial Prevention Management
- Code-Based Reimbursement (DRG, APC, CPT and ICD-9)
- Charge Description Master
- Charge Capture
- Bill Presentation
- Clinical Documentation
- Process Improvement
Experience the Difference
Sustainable Return on Investment
There are many “revenue cycle” consultants in the healthcare industry that specialize in project-based analyses. While many of them offer short-term success, most results are not sustained over the long term.
Most hospitals have decided to create a committee approach in dealing with the many aspects of revenue cycle management. IRM has identified that this approach often lacks the time commitment or the intricate multidisciplinary knowledge to focus on revenue cycle management.
IRM’s philosophy is to help our partner hospitals create their own internal group of “consultants” who possess the talent and skill set needed to meet all revenue cycle goals - with an average, documented annual return of $300,000 to $500,000 per FTE. IRM works directly with hospital staff to review and improve processes and procedures.
IRM understands that each hospital is unique and requires customized education and staff development. IRM works directly with each hospital to create an environment that supports both compliance and financial integrity.
Benefits of Partnering with IRM
- Proven track record
- Lifelong learning customized to meet hospital needs
- Key performance indicators specific to your hospital
- Committed resources throughout the term of the contract
- Complete suite of revenue cycle products and tool kits
- Comprehensive metrics to benchmark, track, and trend results
- Guidance to assist your staff in complying with government and payer regulations
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