Whether you lead a complex healthcare system, a community hospital, or a specialty physician group, stakeholders are relying on you for accurate net revenue reporting. Base your financial analysis and strategy on dependable numbers that tell a clear net revenue story.
Answer net revenue questions with confidence.
Crowe RCA equips you with net revenue reporting you can depend on, increasing your position of trust throughout the organization.
Leverage a single source of truth.
Bridge the gap between finance, revenue cycle, and managed care by using accurate, audited Crowe RCA data as the basis for conversations.
Close net revenue in a day.
With access to accrual-based net revenue data any day of the month, you can achieve a faster month-end close – and gain more time to address issues as they arise.
Make decisions based on current data.
Every day, Crowe RCA aggregates over 3 million transactions from more than 1,700 hospitals and over 200,000 physicians. That’s a lot of unique insights.
Net revenue certification
Certified net revenue analyst (CNRA) certification validates knowledge of Crowe RCA, enhancing your credibility as a specialist in net revenue among your peers and in the healthcare marketplace.
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Crowe hosts three days of insightful sessions, relevant discussions, and peer-to-peer networking, all focused on helping you optimize finance and reimbursement operations.
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Crowe RCA User Community
When you use Crowe RCA, you’re not alone. Our active user community allows us to stay in touch – and for you to connect with and learn from your peers too.
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Staffing and net revenue expertise can be hard to come by. Turn to our net revenue specialists for periodic support – or to take running Crowe RCA off your plate completely with our outsourced services.
Net revenue managed services
For many healthcare finance teams, month-end close is a highly manual process. Calculating net revenue involves a high volume of data and high risk of user error. Plus, the traditional healthcare month-end close process leaves little room for actionable insights.
The key to a faster healthcare month-end close process is net revenue reporting technology that uses automation and historical data to estimate reserves against accounts receivable (AR) in healthcare, including contractual reserves, bad debt reserves, administrative or denials reserves, and charity reserves. An automated net revenue reporting tool can be used to present a net revenue story in plain English – versus pages of data that need to be synthesized by executives.
Crowe RCA is the only automated net revenue reporting software solution in the healthcare market today.1
In healthcare, accounts receivable is one of the areas of highest risk on the balance sheet – and one of the largest areas of auditor scrutiny.
The key to avoiding financial misstatements (and out-of-period adjustments) is using a consistent methodology to calculate healthcare AR reserves, based on supporting documentation and historical data. This standardized, automated methodology, with industry-proven calculations and best practices, is embedded in Crowe RCA – and it is designed to align with your internal policies and procedures.
Crowe RCA has a System and Organization Controls 1 (SOC 1) audit performed semiannually by an independent, external auditor, so your organization can have confidence that Crowe software is secure, complete, and accurate – and that it follows industry best practices. Crowe RCA is often recommended by external auditors as a trusted healthcare reserve and net revenue solution.
This is a common question for healthcare finance executives. There can be many reasons for increasing healthcare bad debt, including less Medicaid, changes in Medicaid qualifications and benefits, larger uninsured patient populations, higher deductibles, annual reset of benefits, poor cash collections, missed opportunities for financial assistance, and lack of controls in patient registration and verification of insurance.
An automated net revenue reporting solution like Crowe RCA can provide insights into why your organization is experiencing healthcare bad debt increases, allowing your team to build an action plan to improve net revenue.
Healthcare contractual adjustments can increase for a number of reasons, including changes in payor contract terms, changes in payor fee schedules, price level increases or strategic annual pricing increases, contract modeling inconsistencies, or payor issues (sometimes the problem is on the payor end).
An automated net revenue reporting solution like Crowe RCA can provide insights into why your organization’s healthcare contractual adjustments are increasing, which allows your team to prioritize initiatives to improve net revenue.
Crowe RCA calculates reserves and net revenue in a similar fashion to hospitals. However, Crowe RCA also pulls in physician National Provider Identifiers (NPIs) and work relative value units (RVUs) to provide our clients with visibility into reserves, net revenue, and productivity all the way down to the physician level.
Many healthcare auditors recommend a standardized, automated net revenue reporting software application to calculate and evaluate reserves and net revenue performance.
Crowe RCA provides auditable reports coupled with patient-level detail that reconciles to both the general ledger and the patient accounting system. By standardizing and automating the valuation of healthcare AR, most Crowe RCA customers can complete their net revenue close within two to three business days, including journal entries, analysis, and follow-up, with a significant reduction in opportunity for human error.
With data that’s easy to understand – and easy to explain – you can spend more time maximizing net revenue and less time reporting it.
Let’s schedule 20 minutes. We’ll translate the story your data is telling you.
Together, we can prioritize the gaps you want to close.
With an engagement, we can help get Crowe RCA working for you.
Avoid the write-offs that come with unapplied cash with the Crowe Automated Reconciliation solution, the only three-way match tool on the market.
Uncompensated care reporting
Turn to our team of dedicated reimbursement specialists, who use Crowe RCA data to maximize your uncompensated care reimbursement from federal and state funding sources.
Crowe Physician Links™ software
Use this web application to accurately capture, document, and report provider time, increase compliance, improve reimbursements, and more.
Our latest thinking
Delivering more value during month-end close
Use Crowe RCA to deliver actionable net revenue insights
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1 The Crowe Revenue Cycle Analytics (Crowe RCA) solution was invented by Derek Bang of Crowe. The Crowe RCA solution is covered by U.S. Patent number 8,301,519.