Overview

Today’s shortening budgets and higher demand to cut costs has brought hospitals to search for more areas where money can be saved. Total Benchmark Solution, LLC (TBS) has discovered potential in the untapped resource, Revenue Cycle. Revenue Cycle is the hidden gem where an organization can find money to help with demanding budgets and lack of revenue. TBS’ Revenue Cycle Benchmark Solution assists in benchmarking revenue cycle so that hospitals can observe its uses of monetary resources allowing well-informed changes and the monitoring of the effects from those changes. In most cases a hospital’s revenue cycle can be revamped to save an incredible amount of money.

TBS’ Revenue Cycle Benchmark Solution also allows organizations to benchmark Revenue Cycle Best Demonstrated Practices and Performance Measures against other hospitals within an organization and peer hospitals.

Why do you need to better understand Revenue Cycle?

• Revenue Cycle typically utilizes a significant portion of the capital resources every year
• Revenue Cycle’s total budget and costs typically continue to rise every year
• Clinical and Business Process Improvements typically require an associated change and enhancement in Revenue Cycle (requiring a complete understanding of Revenue Cycle strengths, weaknesses, costs and quality)

Know where you stand with Revenue Cycle

As an organization you should know the answers to the following questions:

• Are we making the right investments in Revenue Cycle?
• How do we compare to similar organizations providing similar services and applications in cost and quality?
• Do we spend too much or too little to support and maintain:
  • Our Revenue Cycle applications?
  • Our Revenue Cycle infrastructure?
• Where should we focus our quality improvement initiatives in Revenue Cycle?
• Where should we focus our cost management initiatives Revenue Cycle?

TBS has developed a solution that gives your organization the power to find the answers to these questions.