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ATLANTA, Sept. 6, 2017 /PRNewswire/ -- Windham Brannon, a leading provider of tax, audit, accounting and advisory services, today announced the Georgia Hospital Association (GHA) through its shared services subsidiary Georgia Hospital Health Services has joined the Revenue Cycle Consortium, which was created to assist rural hospitals and healthcare facilities with financial challenges and revenue cycle issues, as a founding member.
The new partnership will give GHA member hospitals in rural settings throughout Georgia easy and cost-effective access to revenue-cycle expertise; best-practice benchmarking, coaching and development of metrics; and assistance in action planning designed to improve revenue-cycle operations and the overall financial health of the hospital.
"Rural hospitals are many times the only care option for residents living outside of the more populated metropolitan areas within our state, and, unfortunately, revenue cycle challenges have severely impacted many of these facilities to the point of shutdown," said Bill Wylie, senior vice president, Business Operations. "Our participation in the Revenue Cycle Consortium gives our member hospitals another resource to help improve revenue cycle efficiency, which in turn is integral to increasing the strength of their financials."
"A 'perfect storm' of financial disruption is impacting hospitals today, from reduced Medicare reimbursements to escalating costs and staffing shortages to changes associated with the Affordable Care Act and other legislation," said Valerie Barckhoff, a 21-year revenue cycle consulting veteran and principal at Windham Brannon. "The Revenue Cycle Consortium can especially benefit rural hospitals that do not have a dedicated revenue cycle leader or the internal staff with the right skill set to improve the facility's overall financial health―before it's too late."
From a financial standpoint, membership in the Revenue Cycle Consortium can save organizations significant capital when compared to hiring an outside consultant. For example, the Consortium can save a hospital more than $100,000 in fees associated with the average cost of a traditional revenue cycle assessment performed by an outside consultant (estimated at $150,000-$250,000).
To learn more about the Revenue Cycle Consortium, please visit http://www.windhambrannon.com/Businesses/Services/HealthCare-Consulting/Revenue-Cycle-Consortium.
About Georgia Hospital AssociationFounded in 1929, Georgia Hospital Association (GHA) serves more than 170 hospitals in Georgia and promotes the health and welfare of the public through the development of better hospital care for all Georgia citizens. The mission of the GHA is to advance the health of individuals and communities by serving as the leading advocate for all Georgia hospitals and health care systems. GHA represents its members before the General Assembly and Congress, as well as state and federal regulatory agencies, and is an allied member of the American Hospital Association. For more information, please call (770) 249-4500 or visit www.gha.org.
About Windham BrannonWindham Brannon is a recognized leader in providing audit, tax, accounting and advisory services for businesses, not-for-profits and high net-worth individuals. While the firm's technical expertise is second to none, Windham Brannon offers clients so much more. Clients find a more proactive approach, more attention to their priorities and more investment in their relationship to ensure needs are anticipated—and met with confidence. Windham Brannon takes pride in the fact that it is re-defining the role of the typical CPA firm. Since 1957, the firm has been providing each client with exceptional proficiency, but also the personalized level of service delivered by a strong team that is driven, resourceful and well connected. Visit www.windhambrannon.com to find out how Windham Brannon is committed to offering more.
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