Case Study: Southern Illinois Healthcare Revenue Cycle
Southern Illinois Healthcare (SIH) engaged Huron to optimize its revenue cycle operations to help address multiple external factors impacting the organization financially, including cut backs in Medicaid reimbursement and an increase in patients with Medicaid as a their payer source. SIH leadership also sought to standardize processes and increase accountability and consistency of metrics across hospital and physician business offices and clinics.
Huron implemented its comprehensive revenue cycle solution in both the hospital and medical group. Key results include:
- $20.5 million annual recurring benefit
- $15.5 million coding backlog reduction
- 98 percent patients financially secure prior to service
Speaking about the engagement, SIH Vice President, CFO, and Treasurer Michael Kasser said, “Despite challenges related to decreasing Medicaid funding and shifts in the payer mix, Huron’s process improvements and their structured approach allowed us to realize significant increases to our net revenue. The engagement exceeded our expectations.”Download Now