SUCCESS STORIES
“G2N dropped our days in uncoded backlog from 30 to 5, and gave me peace of mind about our coding. You can’t ask for more than that.”
CFO, Phelps County Regional Medical Center Rolla, Missouri
G2N HEALTHCARE FINANCIAL CONSULTING SERVICES CAN HELP YOUR HOSPITAL CAPTURE MORE REVENUE.
Phelps County Regional Medical Center realized some big improvements were needed. “We had 30 days tied up in coding the backlog was horrible.” said the CFO.The team assessed the situation and brought in G2N to manage the hospital’s ED coding. Before long, G2N was doing 100% of Phelps’ coding. “G2N gave us confidence almost immediately,” stated the CFO. “They consistently cared about quality, and their work was rock-solid.” With G2N’s assistance, the hospital now has millions more in the bank for the hospital. G2N specializes in recapturing revenue for healthcare facilities – whether from coding, billing, revenue cycle improvement or anything else. If your hospital has revenue tied up, we can help you solve it. To learn how, contact G2N.
STRATEGIC PRICING ANALYSIS
G2N suggested a strategic pricing review may offer net revenue opportunity for this mid-sized Oklahoma community hospital. G2N presented several options for pricing methodology and assisted this hospital in implementing a price increase that was at the market level set by management after G2N offered several scenario options. The net revenue earned above an across-the-board increase exceeded a 50-fold return on G2N’s fixed professional fee.
CHARGE CAPTURE FOR THE EMERGENCY DEPARTMENT
After identifying revenue cycle opportunities through a focused department Assessment, G2N assisted this large Kansas community hospital with improving their Emergency Department annualized net revenue by more than $1.2 million. Pricing revisions added additional net revenue. Improved charge capture tools, processes, compliant documentation enhancement and teamwork between G2N and the hospital were important components to ensuring a successful project. G2N’s unique Validation process verified the hospital was improving their bottom line compliantly.
HOSPITAL TURNAROUND SUPPORT
G2N provided interim CFO support to a medium-sized Illinois community hospital and was successful to implement several charge capture, coding improvement and chargemaster improvement projects that added $1.5 million in net revenue to this central Illinois hospital. Within one year, this hospital improved its financial performance from a substantial loss to a gain of over $4.5 million.
CHARGE CAPTURE FOR THE SURGERY DEPARTMENT
Charge capture of appropriately documented services and pricing revisions for a medium sized Missouri community hospital was implemented by G2N and a team comprised of hospital administration, managers and staff improved the annualized net revenue by more than $1.0 million for one Surgery/Endoscopy hospital department. The largest impact came from G2N identifying services that were documented and provided to patients however, charges were not captured.