How Healthcare Revenue Cycle Management Helped Drive Record $19M Monthly Cash Flow
A leading healthcare organization experienced inconsistent and unpredictable cash flow as well as prolonged accounts receivable. By strengthening healthcare revenue cycle management, Coronis Health helped the organization achieve record-breaking monthly cash flow.
Client Profile
Leading healthcare provider
- Client
- A leading healthcare provider delivering patient care across a broad range of clinical services
- Specialty
- Healthcare
- Scope
- Healthcare revenue cycle management, coding, billing and payment posting A leading healthcare provider delivering patient care across a broad range of clinical services.
The Challenge
Stabilize Unpredictable Cash Flow
Improved healthcare revenue cycle management was needed to stabilize cash flow so the organization could reliably forecast financial performance. Extended days in AR and reduced predictability made it difficult to meet financial targets. At the same time, coding, billing and payment posting required more efficiency to improve reimbursement.
A comprehensive approach to medical revenue cycle management supported by experienced professionals and streamlined operations would be essential to improving collections while allowing the organization to focus on patient care.
The Coronis Health Approach
Coronis Health Streamlined Healthcare Revenue Cycle Management
Coronis Health streamlined healthcare revenue cycle management by assuming responsibility for the organization’s core revenue cycle functions and creating a more efficient, tech-enabled billing operation. Specialized operational expertise and restructured workflows helped improve reimbursement while reducing administrative burden.
Full-service revenue cycle support — assumed responsibility for coding, billing and payment posting through a comprehensive healthcare revenue cycle outsourcing model
Coding expertise — strengthened healthcare coding services with experienced professionals and technology that improved accuracy and accelerated processing
Workflow optimization — streamlined billing operations to reduce delays and maximize revenue capture
Operational efficiency — enabled internal teams to devote more time to patient care while Coronis Health managed day-to-day revenue cycle operations
The Results
Healthcare Revenue Cycle Performance Improved
Healthcare financial management improved as Coronis Health stabilized cash flow, accelerated collections and strengthened its revenue capture. More efficient revenue cycle operations reduced administrative burdens and improved overall financial performance and predictability.
- Cash flow: achieved record monthly cash flow, consistently reaching $18 million to $19 million
- Accounts receivable: reduced days in AR from more than 70 days to 63 days
- Revenue capture: increased revenue significantly through streamlined revenue cycle processes and RCM partner expertise
Disclaimer: All results are based on internal reporting from this specific client engagement and are not guaranteed outcomes.
Coronis Health’s RCM solution streamlined processes and boosted cash flow. Their expertise allowed us to achieve record revenue and focus on patient care.
Jackie Kyhl, Director of Revenue Cycle
Why It Matters for Healthcare Organizations
Healthcare organizations depend on predictable cash flow, timely reimbursement and efficient billing operations to maintain financial stability. Strong healthcare revenue cycle management coupled with expert healthcare coding services helps organizations improve collections and allow internal teams to focus on delivering high-quality patient care.
Hospitals
See where healthcare RCM can improve financial predictability and reduce days in AR.
Let's discuss your transformation
Wherever you want revenue cycle operations to go, we can help!
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step 1
Connect
Tell us about your organization, specialty and revenue transformation goals.
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step 2
Evaluate
We'll evaluate your current state and identify strategic opportunities for improvement.
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step 3
Transform
Together we'll implement solutions that improve performance from day one.
