Optimizing Revenue Cycle Management for Urgent Care

Open
Asprcmsolutions
Texas City, Texas, United States
Urgent Care RCM
Project
Academic experience
60 hours of work total
Learner
Anywhere
Intermediate level

Project scope

Categories
Data analysis Healthcare Operations Project management Financial services
Skills
process improvement cash flow improvement urgent care revenue cycle management financial systems billing collections data analysis health administration operations
Details

The project focuses on enhancing the efficiency of revenue cycle management (RCM) in urgent care facilities. Urgent care centers often face challenges in managing billing processes, insurance claims, and patient payments, which can lead to delayed revenue collection and financial inefficiencies. The goal of this project is to analyze the current RCM processes in a hypothetical urgent care setting and identify areas for improvement. Learners will apply their knowledge of healthcare management and financial systems to develop strategies that streamline billing operations, reduce claim denials, and improve cash flow. The project will involve researching best practices in RCM, evaluating existing workflows, and proposing actionable solutions that can be implemented within the constraints of a small healthcare facility.

Deliverables

The deliverables for this project include a comprehensive report detailing the current state of RCM in the hypothetical urgent care center, along with identified inefficiencies. Learners will also provide a set of recommendations for process improvements, supported by data analysis and industry best practices. Additionally, a presentation summarizing the findings and proposed solutions will be prepared for stakeholders. The deliverables aim to offer practical insights that can enhance the financial operations of urgent care facilities.

Mentorship
Skills, knowledge and expertise

Sharing knowledge in specific technical skills, techniques, methodologies required for the project.

Tools and/or resources

Providing access to necessary tools, software, and resources required for project completion.

About the company

Company
Texas City, Texas, United States
51 - 200 employees
Hospital, health, wellness & medical

The post-COVID world has brought significant changes to the urgent care landscape. Shifting patient preferences, rising economic pressures, and prolonged payer credentialing processes have created barriers for many urgent care centers. These challenges make it harder to sustain operations and achieve growth. ASP-RCM Solutions is stepping in to provide custom strategies that ensure financial stability and operational efficiency.