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

Avoid COVID-19 modeling pitfalls by eliminating bias, using good data

June 2, 2020

COVID-19 models are being used every day to predict the course and short- and long-term impacts of the pandemic. And we’ll be using these COVID-19 models for months to come.

Read on...

Population Health Amid the Coronavirus Outbreak

May 19, 2020

In speaking with many colleagues throughout the provider and payer healthcare community, I’ve found an overwhelming sense of helplessness to the outbreak’s onslaught. This is exacerbated by the constant evolution of reported underlying medical conditions that indicate a higher risk of hospitalization or mortality for a coronavirus patient.

Read on...

COVID-19 and the Financial Storm Ahead for Providers

May 14, 2020

Across the country, healthcare organizations are seeing 40%-80% declines in monthly charges with some of the most profitable services lines only seeing 20% of their normal monthly volumes during the pandemic.

Read on...

3 Steps Any Healthcare Organization Can Take to Improve Enterprise Analytics

February 24, 2020

By Kristin Weir When it comes down to the most basic purpose of why organizations use analytics, it’s simple: they…

Read on...