Kevin Don, Executive Director, Global Business Services at Falck, US & Matt Seefeld, EVP at MedEvolve, discuss how Falck US Emergency Medical Services significantly decreased patient & insurance collections, decreased bad debt write-offs, & reduced cost to collect. Pinnacle webinar series sponsored by Fitch & Associates.
Webinar Topics
- Today's EMS billing challenges (6:22)
- Falck revenue cycle transformation (12.31)
- Improving patient financial processes (33.17)
- Solutions behind the success (40.05)
- Monitor & measure: KPIs to watch every day (41.32)
Revenue Cycle Resources for EMS
MedEvolve Helps Falck US Transform Revenue Cycle Performance Through Automation and Transparency
First 3 months with MedEvolve Effective Intelligence, Falck achieved their highest collection months in March & April 2021, up 24% from previous 10 months.
Webinar: Early Patient Financial Engagement Strategies With MedEvolve & InstaMed
Healthcare organizations face unique challenges when collecting patient payments. Increased financial responsibility and limited interaction with patients before or during a visit can make it difficult to collect patient balances. The right tools and technology can help drive more payments and relieve the burden on smaller front and back-office teams to collect.
New Processes Help Falck Improve Revenue Flow
There are better and smarter ways to approach RCM in today’s EMS environments. Forward-looking companies should not accept high bad debt ratios as “part of doing business.” Technology-enabled processes and strategies, coupled with effective people, can dramatically improve bottom-line performance.
Pinnacle Webinar: Automation and Effective Intelligence Transform EMS Billing
How Falck US Emergency Medical Services significantly decreased patient & insurance collections, decreased bad debt write-offs, & reduced cost to collect.
Create a Remote Revenue Cycle Staff & Incentive-Based Work Structure
Web-based technology MedEvolve Workflow Automation & Real Time Revenue Cycle RCM Analytics measures & tracks employee effectiveness. Hire talented staff from anywhere. Reward high performers.
Actions & Outcomes: Revenue Cycle Process Improvements for Higher Margin
If your desired outcome is higher margin in your revenue cycle, but your actions aren’t aligned, you cannot achieve that outcome. The right technology & process guides the right people to success, therefore increasing your margin.
Effective Intelligence Resources
Effective Intelligence Suite
What's your EiQ?
Margin is the key to success in healthcare. You cannot maximize it without real-time metrics in your revenue cycle. Take the 3 minute quiz to find out your Effective Intelligence Quotient (EiQ).
Recorded Webinar
Explore the journey Rebound Orthopedics & Neurosurgery, a 75-provider group, took to lay the foundation for Effective Intelligence, improving net collection rate and reducing avoidable write-offs.
