Solution reduces processing errors, protects commonly lost revenue for hospitals and health systems
CHICAGO (September 13, 2019) – RSM US LLP (“RSM”) – the nation’s leading provider of audit, tax and consulting services focused on the middle market – and Avelead – a provider of innovative technology solutions that automate and improve revenue cycle in the health care industry – are working together to make automation a viable option for middle market health care providers who previously did not have the resources to automate.This consolidated, first-of-its kind offering addresses both the operational and technical challenges of the revenue cycle facing today’s health care industry leaders.
Business offices in hospitals and health systems often waste resources (both time and money) by using spreadsheets, often built from disparate and untimely data, as their primary revenue cycle tracking tool. This manual process can be prone to error and make it difficult to protect revenue.
“We see too many health care clients struggle with a lack of visibility to charge capture, missing revenue and reconciling charges on a daily basis,” said Alice Khosravy, health care technology practice partner with RSM US LLP. “Automation can help with this, but it seems out of reach for many, particularly those in the middle market which are large enough to face issues and challenges impacting larger providers, but small enough that they don’t have the internal resources to implement automated solutions on their own. By working with Avelead, RSM is able to provide health care financial leaders with an efficient and practical means to implement automation in a high-impact way.”
Avelead’s unique cloud-based platform automates processes, which addresses revenue leakage and enhances staff accountability. RSM and Avelead bring their deep experience with technology solutions within complex health care settings to efficiently and effectively implement cutting-edge software, manage the implementation process and train users on the platform.
“Our focus is on delivering optimized revenue cycle operations for health care providers,” said Jawad Shaikh, executive director with Avelead. “As an industry, health care has lagged in technology innovation in key areas. Working with RSM brings technology and extensive health care revenue cycle experience together to advance the middle market.”
To learn more, visit RSM’s website.
Avelead provides innovative technology solutions that automate and improve revenue cycle in healthcare. Avelead’s SaaS cloud-based platform provides hospitals and health systems with solutions focused on key areas of Revenue Cycle: Patient Financial Services, Revenue Integrity, Revenue Optimization, and Cost Savings. Avelead’s solutions allow providers to set the cruise control on their Clinically Driven Revenue Cycle. Avelead – Automating Revenue Cycle.
About RSM US LLPRSM’s purpose is to deliver the power of being understood to our clients, colleagues and communities through world-class audit, tax and consulting services focused on middle market businesses. The clients we serve are the engine of global commerce and economic growth, and we are focused on developing leading professionals and services to meet their evolving needs in today’s ever-changing business environment.
RSM US LLP is the U.S. member of RSM International, a global network of independent audit, tax and consulting firms with more than 41,000 people in 116 countries. For more information, visit rsmus.com, like us on Facebook, follow us on Twitter and/or connect with us on LinkedIn.