Vivid Health Partners
FINANCIAL
Driving financial success in the healthcare industry - Vivid Health Partners
FINANCIAL SUPPORT SERVICES
Our team will help your organization establish a comprehensive range of financial services essential for maintaining and managing your business. Our service offerings include front office operations, billing and collections, accounting, accounts payable, and purchasing. Additionally, we can support your organization in preparing annual budgets, proformas, return on investment analyses, and cost/benefit analyses necessary for evaluating new procedures, equipment, specialties, payer contracts, or onboarding new surgeons.
REVENUE CYCLE ASSESSMENT
We will assess your revenue cycle processes, analyze your accounts receivable and denial management data, review management reports and trends, and interview staff throughout your entire revenue cycle. In addition, our team will provide education on maintaining an optimal revenue cycle and collaborate with you to develop key performance indicators and tracking mechanisms.
PAYER CONTRACTING
Navigating payer contracting and revenue viability is a critical challenge for healthcare providers. Despite recent improvements in some health plan contracting efforts, providers and financial teams must review and analyze contracts with scrutiny proactively. Our team will assist you in evaluating your payer contracts.
CASE COSTING EVALUATION
We will examine your current case costing initiatives to identify blind spots and gaps where costs may not be captured. Our team will work with your leadership to determine your organization's most meaningful cost method. We will perform a case costing analysis, provide case profitability data, and offer industry benchmarks to help our clients measure their results.
