Revenue News

Revenue Spotlights and Tips
IRM’s Revenue Spotlights examine current changes as well as long-term challenges that face hospital revenue managers. These Spotlights offer step-by-step instructions for examining these issues in your facility and include suggested reports, action steps, and recommendations for quantification. They are designed to stimulate process improvement initiatives and identification of systemic fractures.

Revenue Tips are short stories of successes that have been achieved by IRM's partner facilities. These tips summarize the area of focus, the correction that occurred and the financial impact. Also included are how these tips may apply in your own facility.

Revenue Process Improvements
IRM advocates transactional audits of actual claims for correction. Through this transactional audit process, our partner RMDs identify trends and perform root cause analysis to determine why such errors are occurring. Through interviews, flowcharting and process mapping, the RMD corrects the issue and monitors to prevent re-occurrence. All process improvement initiatives are quantified for net financial impact and summarized in a Plan, Do, Check, Act form (as advocated by JCAHO).

Net Revenue Matters Newsletters
Net Revenue Matters is a monthly publication published by IRM's Operations Division for RMD Clients. Net Revenue Matters provides updates on relevant revenue management topics, project plans for process improvement initiatives, and news about IRM's best practice community of RMD Clients.