22 takeaways on RCA and RCA Next from Summit Terrain 2025

RCA’s monthly lifecycle begins with file loads and ends with actionable analytics. 

RCA’s monthly lifecycle has four phases: prepare, process, close, and review. 

The two key components of the first phase of RCA’s monthly lifecycle are file loads and mapping. 

Accuracy and logic in this second phase of RCA’s monthly lifecycle are what drive reliable outcomes. 

Before the close comes the pre-close, which has four key components: maintenance, calculation, configuration, and adjustments. 

RCA’s recast, or “what if” capability, calculates the impact of reserve changes before a monthly close while keeping historical data intact. 

Reserve rates affect net accounts receivable and revenue projections as they help estimate how much money providers actually will collect. 

Early detection and resolution of data issues, e.g., accuracy, completeness, discrepancies, quality, and readiness, saves time and improves outcomes. 

Before final close, users should make final checks of their file loads, mapping reconciliation, and reserve setting to confirm that their foundational data is accurate. 

The three drivers of current period net revenue changes are collection rates, payor mix, and patient volume. 

Mastering RCA tools gives users financial accuracy, audit readiness, and strategic insight.  

Kodiak built RCA Next because the existing RCA tech stack could not handle all the feature requests from current RCA users. 

RCA Next performs a day roll-forward calculation where all the activity foots to the end balance. If the formula is out of balance, the system will calculate an RCA Next-generated transaction. 

RCA Next applies recurring out-of-model adjustments automatically using rule-based logic, improving accuracy and consistency. 

Variance (Kodiak-VAR) is an RCA Next-generated transaction that keeps the account in balance. RCA Next posts a Kodiak-VAR when a charge or transaction posting doesn’t support an active A/R balance. 

The most frequently discussed topics during the month-end close process include operational drivers of net revenue, changes in prior-period adjustments, current month net revenue, and changes in accounts receivable. 

RCA Next calculates zero-balance account rates at different payor groupings, creating a pyramid-like structure from most to least granular. 

Ad hoc reporting offers flexibility for custom, on-demand analysis for business analysts and power users, while curated dashboards deliver standardized, governed insights for consistent decision-making for general users and senior executives. 

Kodiak will migrate 36 months of historical net revenue data to RCA Next to support trending, audit, and month-over-month comparisons. 

Session attendees explored key RCA Next workflows such as navigation and administration, pricing and realization, month-end close, and production and test scenarios. 

RCA Next ensures every patient account has an appropriate contractual estimate. 

Session attendees evaluated current RCA Next features by sharing personal experiences and identifying areas of success and opportunities for improvement. They proposed actionable suggestions for future enhancements to RCA Next based on user insights and group discussion.