Methodist Health System is one of three health care organizations in the nation awarded the 2013 Revenue Cycle Solutions Award by The Advisory Board Company.
This award recognizes the institutions' initiatives to improve financial sustainability. The other award winners are Houston Methodist, a five-hospital health system in Houston, Texas, and Kalispell Regional Medical Center, a 163-bed hospital in Kalispell, Montana.
Methodist Health System and the other award winners are among more than 600 hospitals nationwide that are members of the Advisory Board's Revenue Cycle Solutions programs. These programs combine research, consulting, training and technologies to enhance revenue cycle performance.
Within MHS, the work done focused on patient access and point-of-service collections. This included standardizing scheduling, improving pre-certification management, automating medical-necessity checking, and increasing collections at the point of service by $1.87 million.
MHS team members from Scheduling, Registration, Imaging Support, IT and the Revenue Cycle made this success possible. The process improvements gained from their work supports Methodist's strategic initiative for financial viability and system efficiency.
To read The Advisory Board's press release about these national honors on the Wall Street Journal website, click here.
The Advisory Board Company is a global research, technology, and consulting firm partnering with 165,000 leaders in 4,100 organizations across health care and higher education.MHS Earns One of Three National Revenue Cycle Solutions Awards