Case Study 1-08752
IET’s client was creating large amounts of bad debt due to inefficiencies in their Medicaid pending revenue cycle. IET exposed weaknesses in the current process and delivered an optimized and standardized process. By implementing the improvement initiatives, the savings from the aging report is expected to exceed $500,000 annually for fourteen facilities.
One of the top ten largest assisted living providers in the country with more than 275 nursing homes in 30 states.
Through a series of interviews and work measurement sessions, IET was able to identify best practice methods and also wasted motions or bad habits. All of this information was correlated to develop a process record that visually represented the elements required by each key resource to complete the Medicaid application process along a timescale. Using this visual tool, an optimized standardized process was developed for implementation. The initiatives set in motion focused on customer satisfaction, quality improvement and cycle time reduction.
By eliminating variance in the process, the results could be measured and therefore better managed towards continuous improvement. A specific performance tracking tool was developed to measure the standardized process. The developed tool tracks progress for each patient in real time so that issues can be addressed as they arise rather than retro-actively.
IET’s process improvements will reduce the current revenue cycle from 90 days to 60 days; eliminating bad debt and saving over $500,000 from the aging report. To ensure continuous improvement, a progress improvement reporting structure was also introduced. This tool will be used to mentor Medicaid Pending Specialists and create performance goals based on process defined metrics.