Case Study: Advocate Health Care achieves $46M in annualized revenue cycle benefits with Impact Advisors

Advocate Health Care targets $46M in annualized benefits with Impact Advisors

Advocate Health Care, a large integrated delivery network, sought to improve its financial performance by focusing on revenue cycle margin improvement. They engaged the consulting firm Impact Advisors to conduct a rapid assessment of their four hospitals.

Impact Advisors implemented a multi-faceted solution, establishing a denials management taskforce, increasing charge capture accuracy, and improving the patient classification program. Their team of specialists worked on-site to address these key areas. As a result, Advocate Health Care realized $46M in annualized benefits, surpassing their initial target, with specific improvements like achieving a 96% nursing documentation compliance rate.

Advocate Health Care