MedEvolve Is Fixing Healthcare’s Revenue Leak | Matt Seefeld | Business Ninjas Podcast
MedEvolve CEO Matt Seefeld breaks down where these leaks happen and how providers can seal them off.
The future success hinges on the ability to overcome growing revenue cycle challenges, such as severe staffing shortages and increased patient financial responsibility. Productivity alone will no longer suffice. Revenue cycle models must evolve to embrace the concept of effective intelligence, a model that enables users to execute tasks more effectively and measure the financial outcomes of work effort. Providers need to have real-time visibility into their effective intelligence quotient and the impact of each revenue cycle team member.
This session will explore the journey Washington-based Rebound Orthopedics & Neurosurgery, a 16-location, 75-provider group, took to lay the foundation to support effective intelligence, improving net collection rate and reducing avoidable write-offs. Smart technology investments support remote workforces, provide needed transparency into day-to-day activity, and optimize workflows around activity that produces the greatest ROI. Financial clearance and digital payment strategies ensure greater success in capturing patient balances and improving overall patient financial experience.
MedEvolve CEO Matt Seefeld breaks down where these leaks happen and how providers can seal them off.
Matt Seefeld has more than 20 years of management consulting experience in the healthcare industry. He has extensive expertise in the assessment, design, and deployment of process improvement programs and technology development across the entire revenue cycle.
Provider organizations should adopt new methodologies for revenue cycle benchmarks to understand staff effectiveness and where breakdowns are occurring. These include the following measures along with suggested percentages for optimizing revenue cycle processes.
MedEvolve ranked #1 overall and in 12 out of 18 categories. Download the report and compare to our 2023 #1 rankings.
In the ever-evolving landscape of healthcare RCM, principles of automation & AI are ushering in a new era of efficiency and optimization.
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.
MedEvolve CEO Matt Seefeld breaks down where these leaks happen and how providers can seal them off.
Discovery Behavioral Health improved revenue cycle efficiency and margins by partnering with MedEvolve to implement AI-powered automation and analytics. This reduced administrative waste, decreased avoidable touches by over 60%, increased
Discover how reducing avoidable touches in insurance claim processing can cut costs, free up labor capacity, and boost revenue cycle efficiency—saving organizations hundreds of thousands annually.
Discover how MedEvolve’s revenue cycle benchmarks come to life through Effective Intelligence® real-time analytics dashboards.
