Financial Improvement

HIGHLIGHT OPPORTUNITY, UNCOVER REVENUE

+/-8

Percent of Revenue Healthcare Providers Have At Risk Today

120

Day by Which All Revenue Should Be Converted Into Cash

12

Percent of Revenue Healthcare Providers May Not be Converting into Cash

Superior Financial Outcomes

Start with Precise Measurement

Meaningful financial improvement that ‘funds the future’ of care delivery for providers must start with a better way to measure revenue cycle performance. Only when revenue is first accurately recognized can improvements in a conversion to cash be made. Traditional industry metrics, relying heavily on accounting and aggregated data, are not precise enough to uncover hidden revenue opportunities and in fact, traditional metrics are a key driver in masking financial improvement. HEI Benchmarking Solutions demonstrate most healthcare organizations have 4-12% of uncaptured revenue gains.

$100M of Masked Revenue Opportunity Uncovered

1,800

Number of hospitals in the U.S. predicted to close by 2020

5

Number of days it takes to turn around financial performance

36

Percent of revenue at risk for providers by 2022 due to value-based reimbursement

Transform Culture

Demonstrate Results

Whether your revenue cycle needs a complete overhaul, or just a spot fix on the front-end, the foundation of all meaningful change begins with an engaged, problem-solving culture. To create an agile organization ready to adapt to the future, HEI’s Lean Cultural Transformation model begins with process engineers engaging all levels of staff to correctly engineer and design processes to reduce waste, optimizing current technology for prioritized workflows while eliminating workarounds, utilizing advanced data analysis to identify performance gaps, and sustainably improving financial outcomes through Lean Performance Management methods.