Proven financial expertise—Siemens consultants evaluate the entire revenue cycle—from scheduling to discharge—to identify risks, gaps, and business opportunities. Our professionals have expertise in workflow design, information systems, contracting and pricing, compliance, and revenue cycle policies and procedures. For example:

Virtua Health – By optimizing processes across their entire revenue cycle, and implementing a standard operating procedure to process denials more efficiently, Virtua Health experienced significant improvement to their financial bottom line including:

• A decrease in their denial rate from 11% to 7% in less than 3 months after implementation (current rate is 4%);
• A reduction in average AR days from 51 to 29 within 3 years;
• The elimination of one FTE due to reduced denial rates.

Denver Health and Hospital Authority—By stabilizing the existing technology and optimizing workflow in the revenue cycle, Siemens was able to have a significant impact on the hospital’s finances:

• A reduction of $5 million in commercial A/R
• An FTE savings of $100,000 per year
• A benefit of $900,000 in self-pay billing and collection functions

“Siemens consultants knew the patient accounting system as well as anyone I had on staff, and they also knew process redesign from a patient financial services perspective.” 


Greg Veltri, CIO
Denver Health and Hospital Authority