Patient accounting systems (PASs) are valuable sources of revenue cycle information for hospitals, but they are often not equipped with the deep analytics capabilities necessary to quickly identify trends and make changes. Realizing this, not-for-profit health system Nebraska Methodist partnered with MedeAnalytics to maximize the value of its patient accounting system.
The Challenge:
Leadership at Nebraska Methodist, a four-hospital not-for-profit health system, wanted greater access to self-service analytics and real-time analytics than its patient accounting system was built to provide. Specifically, the hospital system sought to address:
- Increasing AR days
- Lack of access into claim-level detail
- Insufficient visibility into staff productivity
- Rising denial rates
The Solution
Nebraska Methodist utilized MedeAnalytics’ Business Office Suite to gain the self-service analytics and real-time insights necessary to increase efficiency and uncover improvement opportunities in the revenue cycle. Business Office enables end users and analysts to:
- Run reports and create new dashboards in minutes
- Monitor productivity levels of AR staff and quickly resolve any issues
- Drill down into transactions and trends in more depth
- Track and examine root causes of denials in order to transform processes and avoid future denials
Measurable Impact:
Nebraska Methodist’s partnership with MedeAnalytics drove significant reductions in denials, increased staff productivity and improved data management across the entire hospital system.
11% reduction in denial rate | $12.9M in avoided denials |
“[Having] additional analytics has been invaluable. Paired with our patient accounting system, it allows our entire revenue cycle team to get the immediate insights and data we need to make significant improvements.”
– Michelle Comeault, Revenue Performance Manager
Get our take on industry trends
COVID-19 affected risk scores and quality outcomes: Here’s what you can do about it
As value-based payments continue to grow, provider organizations and health plans are relying more and more on predictive modeling of…
Read on...How to spark support for important analytics initiatives
MedeAnalytics hosted a webinar with Fierce Healthcare to explore three industry experts’ perspectives on building analytics strategies and maximizing related…
Read on...Pandemic devours hospital revenue; these ideas can help get it back
There’s no way around it. The coronavirus pandemic has created a perfect storm that, even as we progress through the…
Read on...