For the Record: Rev Cycling to a Better Bottom Line
“Measuring every touch in the revenue cycle is key to future sustainability—because every touch means money out of your pocket.” ~ Matt Seefeld
Physician practices rely on practice management systems to run a successful business and streamline day-to-day operations. Unfortunately, many software vendors have neglected their PM systems to focus on other technology, like EHRs, leaving practices with outdated scheduling, billing and financial technology.
Not so with MedEvolve. MedEvolve Practice Management is our flagship software solution, and we are constantly making improvements based on client feedback and industry changes.
"What makes MedEvolve's software package so successful is that MedEvolve is in the revenue cycle business. Unlike some companies that develop software they think will work, but have no understanding of what physician practices do as a business. MedEvolve has a very deep understanding of what we do and what we need, and the kind of things that will help us. I think that's what makes the software package so powerful."
We believe physician practices should be able to choose the best EHR for their clinicians, and the best practice management software for their administrative staff. This is why MedEvolve Practice Management (PM) software integrates with over 40 different EHR systems.
With front office Patient Financial Clearance Automation & back office Medical Billing Workflow Automation included with our PM system, you can get real-time analytics on staff effectiveness and a deep understanding of your entire revenue cycle. We call it Effective Intelligence.
MedEvolve PM offers integrated mobile appointment reminders to help prevent “no shows” and keep your schedule optimized by quickly filling openings from cancelations or reschedules. Additionally, with our waiting room app, patients can check in, make payments, and update their demographic information all while they wait.
We offer a complete package of ongoing support, technical and consultative services. We want to ensure our clients are utilizing our solutions efficiently and effectively so they can achieve their full potential, maximize revenue, and reap the benefits of financial and operational improvements.
MedEvolve PM allows front desk staff to easily make appointment changes, handle scheduling complications and quickly resolve physician delays. With an automated waitlist, practices can quickly fill empty appointment slots, even after last-minute cancellations.
Easily gather patient information prior to appointments: Update demographic information, check eligibility, estimate the patient responsibility and collect payments at the time of scheduling for quick and seamless patient interactions.
We make it simple to settle invoices at the front desk and schedule easy payment plans for future bills with a secure credit card on file.
MedEvolve’s intuitive solution reduces write-offs, denials and reimbursement delays. To assist with patient account resolution, we use an auto-dialer to make collections easier once the patient leaves your office.
MedEvolve PM has automated features that help improve billing and collections and relieve the burden of manual tasks to get bills paid with as little human intervention as possible. For more robust workflow automation, we also offer our cloud-based Effective Intelligence technology.
Today’s PM systems are essentially data warehouses. MedEvolve Practice Management has built-in analytics, so you will have a complete view of your practice’s financial and operational performance.
You will also have access to Effective Intelligence real-time analytics, which provide total transparency into the health of your revenue cycle. We make it easy to monitor the Key Performance Indicators (KPIs) you care about most along with benchmarks so you can compare against similar practice. We help you identify areas for process improvement, cash opportunity, negative patterns or trends and prevent them from recurring to streamline your financial operations.
“Measuring every touch in the revenue cycle is key to future sustainability—because every touch means money out of your pocket.” ~ Matt Seefeld
Healthcare organizations are already facing razor thin margins, and administrative waste could be the linchpin for future sustainability. Billions of dollars are at stake. I’m always surprised when I talk to doctors and ask them if know how many touches, or people, it takes to get paid for services they provide, they rarely know the answer. It’s also concerning when administrators and executives over the revenue cycle functions don’t have this information.
Healthcare revenue cycles are primed for the benefits of automation & AI, but many are missing a critical link: human-generated data.
Reduce RCM labor dependence with financial clearance, coding, insurance A/R, & patient A/R automation modules with real-time analytics.
Increase productivity and simplify front & back office processes while keeping your staff focused with our flagship PM system.
“Measuring every touch in the revenue cycle is key to future sustainability—because every touch means money out of your pocket.” ~ Matt Seefeld
Healthcare organizations are already facing razor thin margins, and administrative waste could be the linchpin for future sustainability. Billions of dollars are at stake. I’m always surprised when I talk
Healthcare revenue cycles are primed for the benefits of automation & AI, but many are missing a critical link: human-generated data.
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