Improving 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 fact that revenue is managed by multiple departments, all of which operate in silos. From patient access to the business office and everything in between, revenue is touched by multiple systems that typically don’t talk to each other. Gaining insight into revenue across the enterprise is no easy task.

With Revenue Lifecycle Management, you can experience 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.

By leveraging Revenue Lifecycle Management, your organization can experience the following key benefits:

  • Gain insight into the entire revenue cycle
  • Integrate data silos
  • Connect clinical activity with revenue performance
  • Identify missed revenue and coding opportunities
  • Pinpoint the root causes of denials and bad debt
  • Reduce collection costs
  • Prepare for ICD-10 revenue impacts

For further information on Revenue Lifecycle Management, check out our video, complete brochure and best practices guide here.

MedeAnalytics

MedeAnalytics is a leader in healthcare analytics, providing innovative solutions that enable measurable impact for healthcare payers and providers. With the most advanced data orchestration in healthcare, payers and providers count on us to deliver actionable insights that improve financial, operational, and clinical outcomes. To date, we’ve helped uncover millions of dollars in savings annually.

Leave a Comment





Get our take on industry trends

Hoag Hospital Building

Success Story: Hoag Memorial Presbyterian Hospital engages physicians in continuous performance improvement initiatives

July 14, 2021

Physicians are constantly balancing numerous priorities and being pulled in various directions. Though performance growth and clinical documentation improvement are…

Read on...
Large, Customer-Owned Health Plan Deployed automated, detailed reporting to exceed client expectations

Success Story: Large, Customer-Owned Health Plan Deployed automated, detailed reporting to exceed client expectations

July 9, 2021

The Challenge This health plan had quickly expanded to over 15 million members in five states. As a result, the…

Read on...
COVID-19 affected risk scores and quality outcomes: Here’s what you can do about it

COVID-19 affected risk scores and quality outcomes: Here’s what you can do about it

July 6, 2021

As value-based payments continue to grow, provider organizations and health plans are relying more and more on predictive modeling of…

Read on...
UF Health Building

Success Story: How UF Health tackled analytics challenges to improve revenue cycle efficiency

June 29, 2021

A significant amount of waste and financial loss within healthcare organizations can be attributed to inefficiencies within daily processes and programs. Realizing…

Read on...