Revenue Management Assessment

IRM first evaluates the efficacy of your existing charge capturing and revenue recording and processing systems - assessing the value of the earned revenue actually due based on services provided and then comparing it to that which was appropriately billed and effectively realized.

Coordinating with your staff, IRM's experts evaluate those current practices relating to revenue management from preauthorization to clinical documentation and coding, bill presentation, charge capture and payment compliance. We deliver a quantitative forecast of potential net profit improvement, based on specific facility characteristics. From those findings, YOU evaluate the merits of establishing a new internal department, and if so, the value of engaging IRM as your partner in facilitating that endeavor.

A positive decision unites your organization and IRM in a common purpose that leads to the creation of your new Revenue Management Department. The resulting cultural changes shift the paradigm from revenue happens to managed revenue!

For more detailed information on how IRM's Revenue Management Assessment can help your facility maximize your revenue potential, please contact us at assessment@irminconline.com.