Baker Tilly Virchow Krause, a Chicago-based accounting and advisory firm, aims to help healthcare providers improve revenue cycle performance through its new innovation center.
Through the firm's Revenue Cycle Innovation Center, technology companies AcuStream, Datawatch, Ontario Systems, Recondo and Tableau will advise large hospitals and physician groups on the issues they face.
"Our goal was to break the pattern of underperforming revenue cycle programs in the healthcare industry," Baker Tilly Principal Michael Duke said in a statement. "Baker Tilly's Revenue Cycle Innovation Center is a comprehensive approach that combines industry expertise and advanced technology to substantially improve operational and financial performance across the full spectrum of revenue cycle activities."
More information about the innovation center is available here.
More articles on healthcare finance:
The impact of hurricanes, the revenue loss, the tough leadership decisions: 5 questions with Schneider Regional Medical Center CFO Scott Nothnagel
California hospital imposes overtime restrictions, hiring freeze to shore up finances
Why this $15M gift to an LA hospital is so unusual