Revenue Lifecycle Management
In healthcare today, the financial landscape is growing in complexity. Fee-for-value reimbursements, bundled payments, and high-deductible plans are changing the healthcare revenue lifecycle. Adding to this complexity are tighter regulations, audits, and coding changes like ICD-10.
With Revenue Lifecycle Management, MedeAnalytics gives you a complete, unified view of your organization’s revenue. It’s a holistic way to analyze your financial health, enabling you to see and understand your data in context, create a plan to reduce revenue leakage, and ensure financial viability today and into the future.
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.
By 2020, fee-for-value reimbursement is projected to represent 83% of your revenue. 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.
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.
Performance Management combines robust analytics with action planning, resource assignment, progress tracking and performance monitoring—all in one closed-loop performance improvement system—to ensure the organization is on the same page at the same time, working toward the right goals and achieving the best possible results.