We'll continue to lead the industry in meeting the evolving needs of healthcare organizations with this new level of service. The Revenue Cycle Institute will help hospitals large and small to achieve revenue integrity.
Marblehead, MA (PRWEB) October 10, 2008
Marblehead, MA October 10, 2008 -- HCPro, Inc., a portfolio company of Halyard Capital (http://www.halyard.com)], and a leading provider of education and information on healthcare regulatory compliance and management, announced today the launch of The Revenue Cycle Institute, which offers a range of services including consulting, auditing, custom education, and national seminars and professional networking events. (http://www.revenuecycleinstitute.com)].
"HCPro's well-known revenue cycle education and training products--including newsletters, audio conferences, boot camps, and books--have long delivered up-to-the minute information and analysis of Medicare compliance, from the front end to coding to billing and reimbursement. Now we are bringing these resources together in one place and building on our success by offering our loyal customers consulting services from a name they know and trust," says Revenue Cycle Institute Vice President Lauren McLeod. "We'll continue to lead the industry in meeting the evolving needs of healthcare organizations with this new level of service. The Revenue Cycle Institute will help hospitals large and small to achieve revenue integrity."
The Revenue Cycle Institute provides a wide array of consulting services, from audits and assessments to on-site education geared toward tackling providers' toughest challenges, including:
- Billing and coding audits
Institute experts specialize in evaluation and management, documentation, outpatient coding, and inpatient coding.
- Recovery Audit Contractor (RAC) preparedness
Institute experts conduct inter-departmental audits to identify potential risk areas, develop sustainable strategies to prevent future losses from improper payments, and assist in ensuring appeals are appropriately managed.
- Observation status and one-day stays
The Institute helps facilities implement observation programs, review current observation/one-day stay protocols, minimize RAC exposure through proactive audits, and review status assignment to ensure accuracy.
- ED revenue cycle management
Institute experts adeptly address problem areas such as medical necessity, incident-to, and billing for specific products and services inherent in treating ED patients.
- Chargemaster optimization
The Institute's consultants can provide education to healthcare staff to develop items for new products and services, maintain an accurate, compliant, and up-to-date chargemaster, and capture all appropriate revenue.
- Compliance and litigation support
The Institute assists clients with inpatient and outpatient medical necessity requirements, and offers medical necessity and coding audits.
In addition, the Institute will sponsor Recovery Audit Contractor Defense: A RAC-Readiness Summit in Phoenix, AZ on March 19-20, 2009.
The Revenue Cycle Institute Web site (http://www.revenuecycleinstitute.com)] offers analysis in a variety of media including authoritative white papers on such crucial issues as Recovery Audit Contractors (RAC) and CMS' new Advanced Beneficiary Notice.
"Our goal in this challenging regulatory climate is to assist our clients to employ best practices to maintain compliance," says Managing Director Lori Levans. "We have assembled an experienced team of regulatory specialists who can help guide organizations through the Medicare reimbursement and coding and billing complexities they face every day. The Revenue Cycle Institute is a dependable, multidimensional resource, which will enable healthcare professionals to stay ahead of the curve and put their organizations in position to succeed."
For more details on the Revenue Cycle Institute, visit http://www.revenuecycleinstitute.com .
ABOUT HCPRO, INC.
Established in 1986, HCPro, Inc., (http://www.hcpro.com)] is a portfolio company of Halyard Capital with corporate offices in Marblehead, MA. Providing information, products, and services assisting healthcare providers in North America and around the globe with regulatory compliance and best practices for healthcare management, the company delivers its mission-critical content in a wide variety of complementary, integrated platforms. Specializing in training programs as well as live events and consulting services, HCPro is the leader in meeting the specific needs of healthcare managers. Flagship HCPro brands include HealthLeaders Media and The Greeley Company. Additional information can be found at http://www.hcpro.com/about/press.cfm .
About Halyard Capital
Halyard Capital is a New York-based private equity firm with over $600 million of capital under management, focused on investing opportunities within the media, communications and business services industries. Halyard specializes in middle-market leveraged buyouts and growth equity investments. The firm has extensive experience and a proven track record within each of these sectors with investments including ImpreMedia, EducationDynamics, WMI, Engauge and Presidio Networks.
SOURCE: HCPro, Inc.
Revenue Cycle Institute
Phone: 781/639-1872 ext. 3307
Email: llevans @ hcpro.com
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