Facing negative profit margins, hospitals and physician practices struggle to sustain their financials and still maintain quality of care for their patients. Many healthcare organizations are now faced with increased risk under the accountable care models, as the payers adopt a value-based reimbursement model vs the current fee-for-service model. Experiencing subsequent revenue decline, hospitals and physician practices must proactively seek solutions that will address these pressing challenges.
JTS specifically developed a Revenue Cycle Management (RCM) Practice that addresses these challenges (e.g. people, process, technology) and provides solutions that target and maximize billing and collection performance. JTS’ revenue cycle management consultants have in-depth industry experience, applicable resources, and the knowledge required to evaluate and assess your organizations financial health and profitability.
Achieving and sustaining profitability requires expertise in billing, coding and accounts receivables (A/R) management. That is exactly why JTS developed a RCM Model of Excellence practice with very experienced professionals that can operate at any level within the revenue cycle functions (e.g., patient access, billing, coding, A/R management, analytics, etc.) with in-depth application and system knowledge.
JTS’ RCM Models of Excellence includes the following: