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Sinaiko Healthcare Consulting Introduces THE C.U.R.E.(TM), Innovative Consulting Service for Hospital Emergency Departments

Posted on: Thursday, 4 October 2007, 12:00 CDT

Sinaiko Healthcare Consulting, one of the nation's leading independent healthcare management consulting firms, today announced the introduction of THE C.U.R.E.™, a unique "flat-fee" service in which the firm's experienced revenue cycle consultants assess the full billing and charge capture processes of a hospital emergency department and provide detailed recommendations for how to maximize revenue capture, efficiency and compliance.

The new service, Chargemaster and Uncaptured Revenue Evaluation (C.U.R.E.), was specifically developed in response to the needs of hospital emergency departments, and more broadly, hospital billing and revenue departments. It is a comprehensive evaluation and analytical package that combines system-driven objectives and subjective analysis to measure all components of an emergency department's revenue cycle.

"In our two decades of experience working in the trenches with hospitals and their billing practices, we've learned that the typical emergency department offers a number of significant opportunities to increase revenue capture, improve business processes and boost compliance effectiveness," said Jeff Sinaiko, president of Los Angeles-based Sinaiko Healthcare Consulting. "Moreover, the emergency department often serves as an excellent window into issues that may actually exist throughout the entire hospital, making it an ideal place to initiate a revenue capture assessment."

The new service begins with a thorough assessment of the emergency department Chargemaster and charge ticket. Next, Sinaiko deploys a two-person team of experienced revenue cycle consultants who go on-site to the hospital for two days and perform a comprehensive evaluation of the emergency department charge capture processes, coding effectiveness and billing accuracy.

Over the next two weeks, the Sinaiko team identifies the weaknesses and potential areas of revenue loss in the emergency department, then prepares a detailed final report of where the hospital is losing revenue in the charge capture process. The entire package is provided at a low cost fixed fee, producing an immediate return on investment when the final report delivers specific solutions and actionable steps to enhance revenue capture and compliance.

According to Sinaiko, THE C.U.R.E.™ is the only solution in the market that approaches the emergency department charge capture process in a holistic manner.

"Accurate, thorough and compliant charge capture involves much more than just having the right tools," said Sinaiko. "Hospitals need their people and processes working in unison with their technology infrastructure to ensure maximum revenue capture for all of the services they provide."

For more information about THE C.U.R.E.™, please go to www.sinaikohc.com or email CURE@sinaikohc.com.

Sinaiko Healthcare Consulting was founded in 1990 by Richard Sinaiko, whose vision was to bring together the best and brightest consulting talent in the industry to provide expert advice, solutions and service to the firm's clients. Sinaiko senior consultants are professionals with 10 to 30 years of experience in various facets of the industry, including hospitals, medical groups, managed care organizations and academic institutions. The firm's primary service areas are: Revenue Cycle/Operations Improvement; Coding; Compliance; Transactions and Valuations; Litigation Support; and Strategic Planning. For more information, please go to www.sinaikohc.com.

Source: Business Wire

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