Outsourced Finance & Accounting
Identifying
Revenue Opportunities while Managing RFP Process for a new Revenue Cycle Management
(RCM) Vendor
Chicago based medical group with
over 250 providers and 14 locations
Company background
Client Challenges
The client wanted to replace their current billing and coding vendor. Additionally, the client knew there were gaps in
the revenue cycle, but was not able to pinpoint in order to develop solutions.
BDO’s Solution
Managing the entire selection of a
new RCM vendor, including RFP development, navigating responses, reference checking and the ultimate selection of their future partner.
3 of 3
Performing a gap analysis of the revenue cycle, identifying areas for improvement and where they could have quick wins versus more complex solutions.
2 of 3
Working with the client executive team to define the goals, identify tasks to accomplish the goals and to set timelines and priorities to achieve the goals.
1 of 3
BDO professionals assisted the client in finding a new RCM vendor and performing a Revenue Cycle Analysis by:
Value to Client
RETURN TO BEGINNING
Client was given a revenue optimization roadmap, identifying gaps in revenue cycle and solutions to remediate issue.
Based on a thorough RFP process, the client was able to make a well-informed decision to select a new RCM Vendor.
Leveraging BDO, the client was able to efficiently execute project’s priorities, allowing them to allocate their resources to other work.
