We help providers reduce costs, improve care quality, recover lost revenue, and make better data-driven decisions.
This is the program that you’ve been hearing and reading about – the $ Million Dollar (Net Revenue) Club.
Club members are facilities that have achieved a net increase of a million dollars in additional sustainable net patient revenue – using the CentraMed playbook to develop and grow their internal Revenue (cycle) Management Department (RMD).
How fast can a facility reach club level? One facility with annual net revenues of approximately $250 million booked their first $1 million in additional net revenues in just seven (7) weeks after completing their initial RMD training at CentraMed’s education facility in Carlsbad, CA. Another facility with annual revenues less than $40 million, booked their first $1 million in additional net revenues in just a few months. By the end of their first year, they enjoyed an increase of 7% in net patient income attributable to their RMD. Typical returns range from 2% in very high performing facilities to 6% in those facilities that have more untapped opportunities.