RMD Benefits

Introduction  ·  RMD Benefits Overview  ·  RMD Development Process

Financial Ramifications

Potential two to six percent (2% - 6%) increase in net patient income: the by-product of both transactional review and process improvements.

Five Hundred Thousand Dollars ($500K) per Revenue Management Department Member: the average annual net contribution to the bottom line per associate of a mature RMD.

Substantial Reductions in Consulting Expenses: an internal Revenue Management Department reduces the expenses of, and dependency on, consulting vendors.

Operational Advantages

Rapid Ramp Up: Integrated Revenue Management facilitates recruiting and provides professional, residential, and on-site training -our revenue management experience and proprietary training programs will save you valuable time and substantial income.

Comprehensive Metrics to Benchmark, Track, and Trend Results: Integrated Revenue Management supplies customized databases for all transactional review needs along with a dedicated server to support the software.

Long Term Commitment: a multi-year relationship to support and sustain the development and maturation of a fully functional and successful Revenue Management Department.

Proven Track Record: Integrated Revenue Management's performance record validates both its claims and its methodologies.

Organizational Transformation

Paradigm Shift: revenue is a by-product of clinical events realized through administrative processes.

Balancing the Budget: increasing income through effective revenue management reduces drastic cost-cutting measures that threaten critical services.

Substantial Reductions in Consulting Expenses: an internal Revenue Management Department reduces the expenses of, and dependency on, consulting vendors.

Creating Slack: enables associates to exercise critical thinking skills, working heads-up rather than heads-down.

Corporate Culture: moves the organizational paradigm from “Revenue Happens” to “Managed Revenue.”