Identify and Resolve Revenue Vulnerabilities with Data Analytics
Today’s revenue cycle is undergoing fundamental transformation. Audits and denials are on the rise. Coding and documentation are rapidly changing. And clinical quality increasingly determines financial success. How can you effectively enhance and protect your revenue in this atmosphere of change?
In this webinar, MedeAnalytics will demonstrate the power of data analytics and predictive modeling on revenue cycle management. You’ll learn how to identify your greatest documentation, coding, and compliance vulnerabilities—and get a clear picture of their impact on revenue. You’ll see how harnessing your data can help you reduce denials, mitigate audit risk, and accelerate collections.
Patient Access provides critical real-time analytics information during the patient registration and payment clearance processes. With intuitive dashboards and simple step-by-step checklists, front office staff are able to accurately estimate patient cost, improving pre-service collections and reducing back end denials.
The powerful Population Health analytics tool provides unmatched insight into understanding high-risk patient populations. By aggregating data on costs, quality and efficiency measures across multiple sources, it proactively identifies gaps in care and segments at-risk populations, cutting clinical costs and ensuring viability in a fee-for-quality system.
To ensure your financial viability, you need insight into the revenue cycle so you can boost cash collections, reduce bad debt, stop denials, enhance productivity, and guide business strategy. Business Office provides the analytics you need to identify revenue bottlenecks and manage reimbursement trends so you can focus your resources on what matters most: providing quality patient care.
Healthcare reimbursement is changing. By 2020, fee-for-value reimbursement is projected to represent 83% of your revenue—up from 43% today and 14% in 2010. Clinical operations will become vital to your bottom line. It is at the mid-cycle—the point between patient access and the business office—where improvement initiatives will have the greatest impact. Revenue Integrity gives you complete visibility into documentation and coding performance—and that of your peers. So you can quickly spot opportunities to improve revenue capture, minimize audit risk, and measure and monitor the impact of ICD-10 on your revenue.