From blackholes and bottlenecks to cashflow and collections.
Used by health care providers across the country, Revenue Cycle optimizes cashflow and improves collections by bringing complex patient accounting data into a unified view. This solution exposes the black holes, bottlenecks and outliers that result in lost revenue for health care organizations.
Accelerate cash across both hospital and physician practices
Limit bad debt and denials, understanding root cause
Automate collections workflow, reducing cost-to-collect
Streamline monthly reserves
Evaluate service line profitability
Pulling patient account data organization-wide creates a holistic view of your revenue cycle.
Spot errors, denials, charge lags and outstanding receivables with vivid, intuitive dashboards.
Measure and manage enterprise revenue cycle performance.
Key Performance Indicators
- A/R Days > 90
- Self-pay collection %
- Denial overturn %
What It Offers
- Daily snapshot of organizational revenue cycle performance
- Easy-to-use management dashboards
- Highlighted action points
- Comparative industry benchmarks
- Access on the iPad
Revenue Cycle By the Module – Customizing Your Configuration
Self Pay Analytics
Denial rate by payer, Front-end denials by facility, Clinical denials by DRG
Collection risk score, Federal poverty level %, Self-pay collection rate
Financial Strategy Analytics
Reserve Analytics, Business Planning, Health Plan Score Card
Account Lifecycle Analytics
(when installed with our Patient Access Intelligence tool)
A/R Workflow, Self-Pay Workflow, Denials Workflow
Case StudyWheaton Franciscan Healthcare Improves All Points of the Revenue Cycle
WebinarThe Accountable Revenue Cycle: Five New Strategies for a Patient-Centric Approach
Data SheetPatient Access
Patient Access provides critical real-time 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.
In preparation for the formidable switch to ICD-10 coding, providers can preview financial and operational impacts, implement physician and coder education where it’s needed most and track patterns through the transition to limit errors and extra costs.