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EGUIDE: Before Replacing Your Billing System - Fix Your RCM Workflows
Replacing Your Billing System Won't Fix What's Actually Driving
Your Cost to Collect
Hospitals and health systems spend an estimated $40 billion a year on billing and collections. A system replacement changes the interface, not necessarily the economics.
In this guide, MedEvolve breaks down why a billing system replacement can leave the real problem untouched. You’ll learn how to tell whether your cost to collect is a platform issue or a workflow issue, how to prioritize claims by financial risk instead of age or balance, and how one MedEvolve customer grew to nine new centers without adding headcount by fixing the work, not the software.
Download the guide to learn:
- Why a system replacement can digitize an inefficient process without eliminating it
- How to separate platform benefits from workflow benefits before you build the business case
- How to prioritize claims by financial consequence, not queue position
- How to turn every claim touch into data that shows what’s actually working
- How to uncover trapped capacity before adding headcount
- How to set a cost-to-collect and workflow baseline before you commit to any platform decision
Effective Intelligence: Our comprehensive RCM automation solution
- Effective Intelligence Overview
Effective Intelligence combines Patient Financial Clearance Automation, Medical Billing Workflow Automation, and Real-Time RCM Analytics in a cloud-based platform designed to integration with your current EMR/PM technology to measure the effectiveness of your RCM staff.
Review and assess your practice’s financial status in 5 min or less and know exact where you are losing money and why. Measure the work effort of every revenue cycle employee, incentivize and retain your top performers, and help employees that need improvement.
You can prevent most common denials, rejections and write-offs during the scheduling and pre-registration process in advance of the appointment. Configure checkpoints and use central task management to quickly clear patients and keep your front office staffing needs at a minimum.
As team members log in to the web-based application and record each “touch” of a claim, outcome, and next task, key data points are recorded like who completed the task and when, outcome, task notes, internal / external messages sent, collection success and other data points that feed into our real-time analytics.
Reduce RCM labor dependence with financial clearance, 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.
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