FAQ

FREQUENTLY ASKED QUESTIONS

Why Do Many Hospitals Struggle with Lagging Revenue?

Virtually all hospitals strive to provide the best care possible to their patients, but despite noble intentions, many struggle with incomplete or non-optimal clinical documentation. So while exceptional care may be provided, the hospital is unable to code, bill, and collect efficiently.

How Can Centerev Assist with these Challenges?

Our physician leadership teams are experts in identifying endemic issues with hospital clinical documentation, workflow, coding, billing, and collections…all with the objective of unlocking untapped potential revenue for hospitals and medical centers.

What Qualifies the Centerev Team to Achieve These Objectives?

The leadership team is comprised of seasoned physicians and healthcare executives experienced in improving the fiscal health of financially distressed hospitals. Each senior team member has over 20 years of experience in improving the financial health of hospitals’ revenue collection with a deep understanding of workflows from the time a patient arrives at the hospital all the way through collecting payments for those medical services.

What Type of Revenue Increase is Possible?

Clients are often able to capture 5-10% increases in revenue. This range is based on guidance provided by our teams focusing on appropriate clinical documentation to enable coding and billing departments to better process claims.

Do Traditional RCM Firms Offer the Same Strategies?

In our experience, no. Our expertise in clinical documentation workflow and compliance enables our physician team to view the continuum of care from the necessary perspective as it flows into coding, billing, and collection management systems. We have helped facilities of all sizes in the US and Puerto Rico to identify key pain points and help unlock impactful RCM changes to capture revenue that is currently being lost due to workflow issues, documentation deficiencies, integration challenges, and coding shortfalls.