Three Ways To
Optimize
Revenue

Three Ways to Optimize Revenue Three Ways To Optimize Revenue V A L UED EXPE R TISE OPTIMIZED W ORKF L O W S SMA R TER ANA L YTICS
As a healthcare finance professional, your goal is to collect more, faster – and ultimately, to reduce bad debt. How can you avoid missed charges, underpayments, denials, and delinquent receivables while reducing administrative costs? Click on each of these steps to find out.

Smarter Analytics

Smart analytics can help y ou find coverage for uninsured patients. What else can you do with analytics?
Smart analytics can help you find coverage for uninsured patients. What else can you do with analytics?
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Smarter Analytics

Manual processes and rule-based systems waste both time and money. A machine-learning, analytics-based system leverages predictive modeling and anomaly detection to capture more revenue from payers.

Here's How

Predictive modeling, data-driven analytics, and machine learning can be applied to multiple revenue cycle processes, including coverage identification, charge audits, and underpayments. With smart analytics, your team is empowered to be more productive and impactful.
Advanced machine-learning algorithms identify missing charges, increasing outpatient revenue up to 1% with a 1.5% increase in physician revenues*

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Rules-based algorithms require continuous maintenance to keep current with ever changing charge and reimbursement methodologies and regulations. Machine-learning models require significantly less maintenance to maintain high levels of accuracy as the models continuously learn and improve from real time auditor feedback. Using a predictive tool powered by machine-learning has been proven to drive an average of 0.5-1.0% of increased net revenue and to reduce auditor expenses by up to 50%.
*Based on customer experience.
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Optimized Workflows

Optimized Workflows

Use data to prioritize and predict outcomes for increased reimbursement.
Use data to prioritize and predict outcomes for increased reimbursement.
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Optimized Workflows

Healthcare providers spend 8 to 14 percent of their revenue on clerical follow-up of rejected claims.1 You need an efficient system to manage denials and appeals, so you can optimize collections and simultaneously minimize clerical costs.  
Analytics & meaningful insights can lower labor costs by 25%

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Many revenue cycle teams spend 75% of their teams time identifying and resolving issues that could be addressed through optimized workflows.
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Valued Expertise

Choose a partner with proven expertise in maximizing revenue.
Choose a partner with proven expertise in maximizing revenue.
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Valued Expertise

Aging AR and increased denials may be jeopardizing your financial health. Choosing a partner who has expertise in optimizing revenue can add functionality, provide insight into trends, and advise your team on ways to improve processes and prevent avoidable denials, underpayments, and missing charges.
60% of hospitals lose money providing patient care; 1/3 LOSE MONEY OVERALL

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On average three to five percent of net revenues from government and commercial payers are lost due to underpayments.
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