Nawaipakistan.com

(Stacie Banton)

In today’s fast-paced, high-cost, and digitally driven market, the role of revenue cycle strategists cannot be overstated since it has evolved from a back-office administrative function to a critical, forward-looking leadership position focused on financial sustainability. From scheduling to final payment reconciliation, these strategists identify, manage, and optimize the whole patient-provider financial journey in order to boost revenue, decrease claim denials, and improve patient experience.

Numerous female revenue cycle strategists have received extraordinary recognition for their outstanding skills in improving revenue performance. Renota Wade, who has a strong track record of reducing errors, enhancing claim resolution rates, and ensuring adherence to regulations, is one of these big names.

Based in Chicago, Illinois, Wade’s expertise includes payer relations, team leadership, process improvements, and compliance management. She has more than 23 years of experience handling complicated claim denials, optimizing revenue processes, and increasing operational efficiency within multi-site healthcare systems.

Founder & CEO at Elite Revenue Recovery, LLC and TOUCH Foundation

Wade is the CEO of Elite Revenue Recovery, LLC, which offers a range of services, including accounts receivable clean-up, trend analysis and interpretation, workflow optimization, and general consulting. It serves a diverse clientele both locally and globally. Wade also founded and serves as CEO of the TOUCH Foundation, a trauma-informed nonprofit dedicated to fostering resilience and stability. The organization offers secure, empowering environments for those dealing with OCD, PTSD, Bipolar Disorder, Anxiety, Depression, and other trauma-related issues. Wade is certified as a functional medicine coach as well. Through Holistic Healing with Renota, she helps adults who are feeling lost or overwhelmed due to past traumas find balance, clarity, and transformation through a compassionate, holistic approach. Her unique blend of personal experience and a holistic, trauma-informed approach allows her to connect with her clients on a deeper level, fostering a safe and empathetic environment for transformation.

Awards & Recognitions

Wade’s remarkable career achievements have earned her numerous honors, including the Foundation of Leadership Certificate from the National Society of Leadership and Success and recognition from Who’s Who. The International Association of Top Professionals (IAOTP) just named her Top Revenue Cycle Strategist & CEO of the Year for her outstanding leadership, dedication, and commitment to the industry. Wade has been inducted into NSLS as well as the Delta Mu Delta International Honor Society in Business’ Pi Gamma chapter. She was elected to a third term as vice president of the AAPC Chicago, IL chapter, and in her first year as vice president (2024), she was awarded the Certificate of Recognition, which is given to just one person each year.

Academic Background

Wade has a strong academic background. She graduated summa cum laude (3.97 GPA) with a Bachelor of Science in Business Administration and a Master of Business Administration from Colorado Technical University.

Wade’s Journey to Becoming a Leading Revenue Cycle Strategist

Wade’s path to becoming one of the top revenue cycle strategists is incredibly motivating.

She shared, “I grew up in an underserved neighborhood on the south side of Chicago, but it made me more determined to want and do more. I had a significant loss at an early age; my mother passed away when I was 25 years old, and I had to take in my teenage brothers to raise despite my own young, growing family. I had my first child at 17, but against all odds, I decided to adopt an attitude that would enable me to overcome any obstacle or hardship that comes my way.”

Wade’s career began in 2002 with the Northmedicine Medical Faculty Foundation, which is now Northern Medicine or Northwestern Memorial Hospital. Her leadership career started with Accretive Health in 2011.

In 2014, she launched Elite Revenue Recovery, LLC, which has rapidly grown to become one of the leading providers of end-to-end RCM solutions for hospitals, demonstrating her hard work, dedication, and outstanding skills as a revenue cycle strategist and entrepreneur.

Wade is a wonderful illustration of the fact that success comes to those who embrace challenges. She put forth a lot of effort and conquered numerous obstacles to become the woman she is today.