MedeAnalytics Acquires OnFocus Healthcare
MedeAnalytics, a pioneer in healthcare analytics, has acquired OnFocus Healthcare, Inc., a leading provider of healthcare enterprise performance management solutions. MedeAnalytics and OnFocus come together with a shared mission to improve the business of healthcare. The synthesis of the two companies creates the first “closed loop” analytics and execution-driven performance improvement solution for healthcare.
The combined solution will enable healthcare organizations to successfully execute and sustain the enterprise-wide behavior changes and performance improvements required to make the shift from fee-for-service to a risk model. Together, the solutions will drive improved results on key performance metrics across the enterprise, filling a critical gap in the healthcare technology marketplace.
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.