KENSINGTON, Calif.--(BUSINESS WIRE)--Samir Panchal, a consultant at Freed Associates, a California healthcare consulting firm, will be at the HFMA NorCal Annual Spring Conference to discuss how a two-year project Freed managed ended up generating an additional $100 million in revenue for the Alameda Health System (AHS). Co-presenting with David Cox, CFO of AHS, they will share the path AHS took to recalibrate its end-to-end revenue cycle management and strengthen its overall financial footing. The two will be speaking at 11:05 a.m. at the conference on Friday, April 14 at the Sheraton Grand Hotel in Sacramento.
“The strategy and process we implemented for this project helped AHS recover from a negative financial situation and set a road map for future success,” said Panchal. “By discussing the strategy, delivery and implementation process utilized with great success, we hope to help other healthcare systems learn and use similar concepts within their own organizations to achieve positive results.”
Freed provided a customized approach to maximize AHS’ revenue by identifying current and potential obstacles in the revenue stream and implementing a plan specifically tailored to the system’s needs. Freed first helped AHS develop the proper committees who would regulate the process and make the decisions as the changes were implemented so that the process would stay on track. Next Freed analyzed the system’s physician billing, patient access, patient financial services, and revenue integrity systems, determining and addressing what processes were preventing the cycle from operating efficiently.
Freed Associates has more than 25 years of direct experience in the healthcare industry, collaborating with each client in their unique environment on complex and critical initiatives to deliver enduring value. The company is comprised of a team of experts, like Panchal, who work exclusively in healthcare. Panchal has worked with Freed Associates since 2005. He offers Freed clients significant experience in health care strategy, system selections, implementations, and go-lives in revenue cycle work. Panchal received an MBA from the University of North Carolina and an MSEE from the Georgia Institute of Technology.
HFMA’s NorCal serves as a professional resource for the health care financial management industry in Northern California. To learn more about the event click here.
About Freed Associates
At Freed Associates, health care is our passion and our business. Founded by Dava Freed in 1991, Freed Associates continues to consult with California health care organizations on strategic and tactical initiatives. Our consultants provide specialized knowledge across the health care industry spectrum. Freed has been awarded "Best Places to Work" as well as "Top 100 Women-Owned Business" by the San Francisco Business Times.