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
The Real Payback of Healthcare Analytics: Key Questions from Healthcare Leaders Around the Nation
MedeAnalytics hosted a Fierce Healthcare webinar featuring key senior leaders from three preeminent healthcare organizations in the U.S: At the…
Read on...The future of digital health part 4: Convergence of AI and analytics for healthcare payers
This post is the fourth and final of our Digital Health series, featuring healthcare visionary and thought leader Andy Dé. In this series, Dé has been discussing how COVID-19 has triggered remarkable digital transformation and uncovers five long-term innovation implications that providers, healthcare leaders, and payers need to consider.
Read on...Use SDOH + Analytics to power better outcomes for underserved population
Whether you’re a payer, provider or patient, on the front lines of care, sitting in front of a computer or receiving treatment, you’ve been affected by the pandemic. Of all the groups who participate in healthcare in one way or another, perhaps no single group has suffered more over the last year during the pandemic than the underserved— those people without ready access to needed healthcare services.
Read on...Go beyond recognition: Use data to take meaningful action this Nurses Week
Since 1994, America has observed National Nurses Week annually from May 6-12. This year more than ever before, it’s critical that healthcare organizations go beyond recognition and start taking action to more effectively support and serve nurses.
Read on...