BO01: Managing by the Numbers: Uniting Financial and AR Management for Healthcare Success
Ideal Audience:
Professionals in durable medical equipment (DME) companies, including owners, revenue cycle managers, financial officers, and senior leaders.
Course Description:
This presentation will explore essential strategies and metrics for managing both the financial health and revenue cycle performance of durable medical equipment (DME) companies. Attendees will gain insights into how accounts receivable (AR) strategies directly influence financial outcomes and learn actionable methods to optimize this critical relationship. The session will highlight key metrics for monitoring financial and RCM performance, emphasizing their role in driving organizational success. By bridging the gap between financial management and AR operations, participants will understand why effective leadership in the DME industry requires a comprehensive grasp of both.
Learning Objectives
1.Evaluate AR Strategies and Financial Impact:
Attendees will learn to assess how various accounts receivable strategies impact financial health and apply best practices to strengthen this relationship within their DME operations.
2. Analyze Financial and RCM Metrics:
Participants will be able to identify and interpret key financial and revenue cycle metrics, such as denial rate, days sales outstanding (DSO), and operating expense ratio, to evaluate organizational performance effectively.
3. Integrate Financial and RCM Leadership Skills.
Learners will develop a comprehensive understanding of financial management and revenue cycle operations, equipping them to lead more effectively by aligning these two critical functions for organizational success.
Speakers
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