Analytics Trends
Wise Health System – Leveraging MedeAnalytics to Manage its Revenue Life Cycle
Earlier last month, MedeAnalytics announced that Wise Health System, based in Decatur, Texas and affiliated with Baylor Scott & White Health, will expand its partnership with MedeAnalytics by leveraging its analytics platform and deep financial expertise across all segments of the revenue cycle – patient access, mid-cycle and the business office. Following the announcement, Lynn […]
Read MoreHow’s Your ICD-10 Performance So Far?
It’s been just over a month now since ICD-10 launched. Have your months and years of ICD-10 preparation paid off? Before ICD-10 went into effect, as many as one in four healthcare providers reported that they weren’t ready. Despite these reports, the CMS and large insurers like Humana and UnitedHealthcare have indicated that the ICD-10 […]
Read MoreThree Employer Reporting Tips to Ensure Personalized Dialogue with Employers
The recently released 2015 Employer Health Benefits Survey from the Kaiser Family Foundation/Health Research & Educational Trust indicates that the 57% of companies that offer health benefits are buying down benefits, increasing deductibles and shifting costs to their employees at a faster rate than healthcare expenses are rising. With increasing pressure from the Affordable Care […]
Read MoreImproving the Business of Healthcare with Big-Picture Revenue Insight
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. It’s no wonder that healthcare CEOs say that financial challenges are their top concern. Further complicating matters is the […]
Read MoreAre You Ready for ICD-10?
The time has come. ICD-10 is here. Your months and years of ICD-10 preparation will now be put to the test. It is time to stop anticipating ICD-10 and start tracking its impact on your revenue. Across the country, hospital executives fear the effects of ICD-10 on their revenue, and for good reason. The Centers […]
Read MoreAward-Winning Baptist Health System Converts to Epic with MedeAnalytics
The Challenge In a climate of growing requirements for population health management and changing reimbursement models, Baptist Health System recently converted to Epic in an effort to manage clinical outcomes, improve revenue cycle productivity, and ultimately ensure financial viability. Although system conversions come with challenges of their own, MedeAnalytics Business Office gave the organization quality, […]
Read MoreData Analytics to Improve Medicaid Care and Costs
As the healthcare industry shifts to value-based care and fine-tunes their efforts to lower unnecessary costs, Medicaid state agencies have looked to major players in the healthcare data analytics space. This leap is of course not easy for many of these state entities but the Mississippi Division of Medicaid (Mississippi DOM) offers a shining example […]
Read MoreTransitioning to Fee-for-Value with Insight into the Mid-Cycle
By 2020, fee-for-value reimbursement is projected to represent 83% of your revenue—up from 43% today and 14% in 2010. As the industry transitions to accountable care, clinical operations will become a critical driver of your hospital’s bottom line. The mid-cycle, or the middle of the revenue cycle, is where clinical improvement initiatives will have the […]
Read MoreWhy it’s Time to Create a Chief Data Officer Role for Your Organization
Last year, CMS announced the creation of a new Chief Data Officer role to oversee and manage data collection in hopes of improving insights that will impact organizations. This new role in the healthcare industry addresses and helps apply analytics to the vast amounts of data created on a daily basis. Gartner predicts that this […]
Read More2015: The Year to Take EHRs, Wearables and Telemedicine to the Next Level
Looking ahead to 2015, we spoke to our chief medical officer, Terry Fouts M.D. and one of our predictive analytics scientists, Virginia Long, to gather their insight on the healthcare industry for the New Year. They predicted major EHR improvements, an increase in wearable use and innovations in telemedicine. These trends reflect the transparency of […]
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