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Latest Robert Corrato News

RCM tip of the day: Use intradepartment relationships to address the revenue cycle blind spot

Oct 5, 2018

Written by Kelly Gooch | October 04, 2018 | Print  | Email Hospitals should focus on the "blind spot" of the revenue cycle, where independent clinical decisions, changing regulations, complex payer contracts and the business office or billing department overlap, said Robert Corrato, MD, CEO Versalus Health. This blind spot falls within utilization management as well as other hospital departments. Therefore, data analytic-driven decisions, uniform metrics across departments and intradepartment relationships become essential to managing this area, Dr. Corrato told Becker's. "Hospitals need to devote the same analytical resources and discipline [to the blind spot that] they've applied to all other areas of the revenue cycle. A solution should involve a programmatic approach that includes assessing the issues, identifying opportunities, creating an action plan and consistently monitoring progress," he said. "The process should involve revenue cycle/finance, compliance, case management, managed care and business office executives. By taking these steps, hospitals can ensure revenue integrity, reduce costs created due to incorrect approaches and improve compliance and private payer performance," said Dr. Corrato. If you would like to share your RCM best practices, please email Kelly Gooch at kgooch@beckershealthcare.com to be featured in the "RCM tip of the day" series.

Robert Corrato Investments

1 Investments

Robert Corrato has made 1 investments. Their latest investment was in SocialLadder as part of their Seed on November 11, 2017.

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Robert Corrato Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/6/2017

Seed

SocialLadder

$0.8M

Yes

2

Date

11/6/2017

Round

Seed

Company

SocialLadder

Amount

$0.8M

New?

Yes

Co-Investors

Sources

2

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