OPEN MINDS’ Wolfe & Carr To Present Re-Engineering Revenue Cycle Management For More Cash
Gettysburg, Pa. (July 16, 2022)—Cash is critical for financial operating strength, and maximizing cash for consistent operations takes a robust revenue cycle management (RCM) plan. On July 20 at 1:00 PM ET, OPEN MINDS Senior Associates Ray Wolfe, J.D., and Ken Carr will discuss how to get the most out of RCM in Re-Engineering Revenue Cycle Management To Maximize Cash.
“Specialty provider organizations must look to re-tool their revenue management cycle process for value-based reimbursement,” said OPEN MINDS Chief Executive Officer, Monica E. Oss. “Changing staff, new payer rules, and complex payment processes can make this difficult for executives who haven’t invested in the knowledge and ability to monitor and manage results.”
Mr. Wolfe and Mr. Carr will discuss best-practice RCM processes to maximize cash, provide insights on how to effectively deploy technology to increase cash flow, and look at the metrics used for analyzing and managing RCM.
To register for the 1:00 p.m. ET, July 20 event, visit https://register.gotowebinar.com/register/4031333426729040990. There is no cost to register, but a free membership in the OPEN MINDS Circle is required.
This roundtable is part of The OPEN MINDS CFO Consortium, developed to improve the financial competencies of executive teams of organizations serving consumers with complex needs. The consortium is open to all executives of organizations with an OPEN MINDS Circle Market Intelligence Service members. To learn more about your membership, visit www.openminds.com/elite. Executive members can sign up for the CFO Consortium on the My Membership tab of their account page.
The July 20 Circle Elite Executive Roundtable is offered as part of a weekly series designed to help executive teams navigate the business, organizational, operational, and cultural changes of a market in turbulence during (and after) the COVID-19 crisis. Each one-hour briefing outlines a field-tested approach for recovering from the crisis and developing a plan for organizational sustainability. Once an exclusive benefit to Elite members of the OPEN MINDS Circle, these impactful sessions are now available to all OPEN MINDS subscribers and available on demand.
Speaker Bios
Raymond Wolfe, J.D., Senior Associate, OPEN MINDS
Raymond “Ray” Wolfe, J.D., brings over 40 years of experience in the health and human services sectors to the OPEN MINDS team. His areas of expertise include managed care and value-based reimbursement models, financial analysis and management, mergers and acquisitions, CCBHC certification, integrated care, performance improvement, and strategic planning. Before joining OPEN MINDS, Mr. Wolfe served a 22-year tenure with Pittsburgh Mercy Health System in Pittsburgh, Pennsylvania. Most recently, Mr. Wolfe served as the organization’s Chief Operating Officer (COO), where he was responsible for oversight of all system operations, strategic planning, and performance management. Under his direction, Pittsburgh Mercy achieved Certified Behavioral Health Center status, earned over $850K in value-based reimbursement contract quality bonus awards, integrated three organizations through merger and acquisition, opened a primary care service that was integrated into programming for the severe and persistent mentally ill and homeless populations, and adopted a new performance management program for managers.
Ken Carr, Senior Associate, OPEN MINDS
Ken Carr brings over 20 years of finance, technology, data analysis, and reporting experience in the health and human service fields to OPEN MINDS. He is currently a Senior Associate with the OPEN MINDS consulting practice. In this role, he served as a subject matter expert in the OPEN MINDS consulting practice, where he has led numerous engagements in strategic planning, merger and acquisition prospecting, business process improvement, financial analysis of service lines, and technology selection. Before joining the OPEN MINDS team, he served as the Chief Financial Officer of The Centers, a community mental health center in Ocala, Florida. In this position, Mr. Carr led a realignment of the organization’s financial management functions. This included revenue cycle management, EHR bill implementation and reporting, cash management enhancement, and strategic financial analysis.
About OPEN MINDS
OPEN MINDS is a national market intelligence, management consulting, and marketing services firm specializing exclusively in the markets of the health and human service fields that serve consumers with chronic conditions and complex support needs. OPEN MINDS mission is to provide payers, service provider organizations, and technology and scientific firms that serve these consumers with the market and management knowledge needed to improve their organizational efficiency and effectiveness. Learn more at www.openminds.com.