The American Health Care Association launched the Revenue Cycle Management Academy on Monday, offering an interdisciplinary approach to revenue management education for skilled nursing facilities.
The program is aimed at billing and accounts receivable staff, staff with revenue cycle management roles, and administrators.
“AHCA has developed Revenue Cycle Management Academy as a tool during this [workforce shortages and increasing operation costs] crisis,” AHCA/NCAL Senior Vice President of Reimbursement Policy Mike Cheek told AHCA’s Provider magazine.
Cheek said that “although the academy is not a silver bullet”, the Facility Revenue Management training provides information on financial management strategies such as how to create internal controls, policies and procedures to secure reimbursements. Students will learn how to submit claims, follow up with third parties, obtain pre-approval, and navigate managed care appeal processes. Lessons will also cover the attributes of high-performing teams, systems for ensuring correct and timely payment, and best practices for managing all sources of payment to maximize revenue and minimize avoidable losses.
Short videos will showcase the experiences of vendors running effective revenue cycle management programs, and webinars and additional resources will be developed throughout the year, according to the AHCA.
The course costs $350 for AHCA members and $650 for non-members. The course is approved by the National Association of Long Term Care Boards for 6.75 continuing education credits.