MedeAnalytics Unveils New Revenue Integrity Solution to Support the Transition to Value-Based Healthcare
Revenue Integrity leverages data analytics to help providers minimize risk and optimize revenue
Emeryville, Calif. – (September 17, 2014) – MedeAnalytics today unveils Revenue Integrity, its newest data analytics solution that brings complete visibility to a provider’s “mid-cycle” to optimize revenue and minimize risks in an ever-evolving reimbursement landscape. Powered by the industry’s leading big data platform, Revenue Integrity brings transparency to the critical point between patient access and the business office where clinical operations impact revenue. The solution will improve revenue capture, minimize audit risk and prepare providers for ICD-10 and beyond. University of Texas Southwestern Medical Center (UT Southwestern), one of the leading medical education and biomedical research institutions in the United States, will be the first to implement the solution in early October.
“As the healthcare industry continues its transition to a fee-for-value reimbursement model, clinical operations will become a crucial part of a hospital’s bottom line,” said Andrew Hurd, Chairman and CEO of MedeAnalytics. “Performance in the ‘mid’ revenue cycle, where the ability to optimize revenue is most prevalent, will become the focal point for hospitals and health systems. CFOs and CMOs will need complete visibility into their mid-cycle performance to maximize opportunities for revenue capture.”
Revenue Integrity offers hospital executives a quick and easy way to view and identify performance improvement opportunities through detailed analytics. Product features include:
- Executive dashboards for a single view into revenue improvement areas;
- Drill down capabilities to gain individual physician level insight;
- Granular data analytics that empower hospital leaders with the ability to pinpoint root causes;
- Role-specific views to track improvement efforts over time with top-level metrics, alerts and collaboration tools for managers and directors;
- Real-time benchmarking data from peers across the nation to improve physician response to intervention strategies; and
- Detailed, actionable data to address physician coaching needs and ICD-10 priorities.
MedeAnalytics will demonstrate Revenue Integrity at the upcoming American Health Information Management Association (AHIMA) Convention & Exhibit that will take place from September 27-October 2 in San Diego, CA. At booth 1730, experts will be on hand to show how the solution enables greater collaboration between clinical and financial operations. For more details on Revenue Integrity, visit: https://medeanalytics.com/revenue-integrity.
MedeAnalytics provides evidence-based insights to solve a real problem that plagues healthcare – how to use the immense amount of patient data collected along the care continuum to deliver cost-effective care and promote a healthier population. Its analytics platform delivers intelligence that helps healthcare organizations detect their greatest areas of risk and identify opportunities to improve their financial health. It empowers providers and health plans to collaborate and use data to strengthen their operations and improve the quality of care. MedeAnalytics’ cloud-based tools have been used to uncover business insights for nearly 1,000 healthcare organizations across the United States and United Kingdom. The company has also been named one of Modern Healthcare’s top 100 Best Places to Work in Healthcare for 2014. For more information, visit www.medeanalytics.com.