Many hospitals and health systems look to outside sources as they assemble an RCM team that will help lead them to financial success.
Here are seven companies that provide revenue cycle management staffing solutions specific to the healthcare industry.
Coker Group (Alpharetta, Ga.). Coker Group has roughly 30 years of experience in the healthcare industry. The advisory firm offers an array of financial services, such as provider compensation development and redesign, as well as executive search consulting. Coker also assists hospitals and health systems with all aspects of revenue cycle, including staffing.
Expeditive (Trenton, N.J.). Expeditive provides interim staffing and revenue cycle services to healthcare providers. The company helps organizations fill unexpected vacancies, caused by illness, termination, maternity and other leaves of absence. Expeditive said it only uses interim staff with more than 13 years of experience in healthcare finance.
Harmony Healthcare (Tampa, Fla.). Harmony provides revenue cycle and health information management staffing solutions. It offers various assignment lengths, including interim, interim to hire, direct to hire and departmental outsourcing services. Among the professionals it places are controllers, CFOs, vice presidents of revenue cycle and ICD-10 support.
Hayes Management Consulting (Newton, Mass.). Hayes Management Consulting is a national healthcare consulting firm and software developer that partners with healthcare organizations to streamline operations, improve revenue and enhance technology. The firm's revenue cycle consulting services include revenue cycle assessment, revenue cycle optimization and interim management staffing. Hayes consultants marry their operational experience from previous roles like CFO, vice president revenue operations and director of revenue cycle with financial acumen to help clients improve efficiencies while reducing costs.
Healthcare Resource Group (Spokane Valley, Wash.). Founded in 1994, HRG initially offered accounts receivable staffing and consulting services to California hospitals. Today, the employee-owned company provides patient financial services and health information management coding and auditing services to healthcare facilities across the globe. It offers comprehensive revenue cycle assessment, consulting and staffing, among other services.
Nearterm (Houston). Nearterm, a healthcare revenue cycle and financial management consulting company, was founded in 1997. The company serves hospitals and healthcare organizations as a single service or a multiservice solution. Among the services offered by Nearterm 360° are interim management services, RCM consulting, permanent executive search, temporary project staffing and health information management resources and consulting.
Wipfli LLP/HFS Consultants (Oakland, Calif.). Wipfli LLP/HFS Consultants formed in August with the merger of healthcare consulting firm HFS Consultants and Wipfli LLP, an accounting and consulting firm. The combined firm offers audit, tax, marketing and consulting services to healthcare organizations and other businesses. Specific to the revenue cycle, the company provides services such as accounts receivable management and business office staffing.