Corporate Compliance

Make global changes now to save time later

Health Care Auditing Strategies, February 1, 2005

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Experts offer tips for streamlining the billing process

To trim wasted minutes and minimize mistakes, take the time to periodically evaluate your organization's billing procedures for efficiency.

To do this, take a step back for a moment and focus on the bigger picture of the whole billing cycle. Consider this: Does your business office fundamentally understand the revenue cycle-including all of its components-and foster good cooperation and communication among them?

To improve efficiency, this is what needs to happen, says Todd Anderson, CPA, regional director of internal audit and managed care for Adventist Health System in Hinsdale, IL.

To achieve a uniform understanding between departments, everyone involved in the revenue cycle should operate under one vice president or executive and use uniform procedures and controls.

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