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.
Revenue Cycle Resources for EMS
How Falck US Emergency Medical Services significantly decreased patient & insurance collections, decreased bad debt write-offs, & reduced cost to collect.
How does labor staff demands like shortages, high turnover, more salary, better hourly rates, affect your margin? Matt Seefeld shows us how to measure work effort with real-time analytics that show where the breakdowns occur – denials? billing edits? coding?
When I ask clients, “Are all the scheduled visits coming in for Monday cleared based on the six points I just told you?”, the answer is “I think so”, but “I think so” doesn’t work anymore. “I think so” gets you overstaffed. “I think so” gets your net collection rate to be far below benchmark, which is negatively impacting your profit margin.
If we can focus on front office pre-registration financial clearance, you will reduce your labor dependence on the back office in medical billing and claims processing.
Download the PDF to learn how to transform your patient financial clearance & medical billing process with Effective Intelligence technology to address staff shortages.
Effective Intelligence Resources
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).