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 zero-touch payments by 53%, and boosted collections by $3.6M monthly, enhancing staff productivity and financial outcomes.
Compass Health added award winning RCM automation & intelligence to Veradigm EHR/PM system and reduced denials, AR days, and labor dependence.
Atlas Healthcare Partners, ambulatory surgery center management company, uses MedEvolve solutions for major improvement to their revenue cycle.
Strategic Practice Solutions medical billing company optimized revenue cycle workforce with Effective Intelligence workflow automation & real-time analytics.
The organization is realizing better bottom-line performance with fewer FTEs. Zero touch claims that require no human intervention now account for 62.2% of total. Overall closed balance NCR is 98%—above the industry benchmark of 97%. 57% of self-pay revenue comes from mobile engagement.
Since implementing MedEvolve Patient Financial Clearance Workflow, COB denials are down 75%, patient payments are up 15% and point of service collections are up
300%.
Once you show the data from Medevolve’s revenue cycle analytics to a new physician, most of them become data driven. It allows that monthly, weekly, or daily reporting for physicians that want to keep up with what is happening. I can show them trend analysis over three months and determine what changes need to be made like how many new patients they need to achieve their goals.
Telling the owners we have to change almost everything in the business was scary for them. The confidence came when we had the reports, we had the analytics, we’re making data driven decisions, and we have a path forward. I couldn’t imagine doing it without Medevolve Effective Intelligence.
Medevolve Workflow Automation enabled my front office staff to be more successful and it enabled me to choose the right person for the right job. The staff is happy and I’m happy. It’s helped to reduce denials, increase front end patient revenue collections, and has helped tremendously with the efficiency of our office.
Using MedEvolve Effective Intelligence, within 10 months, the organization was able to decrease their accounts receivable over 60 days by 38%, and categorize 87% of claims as low priority by carving out such areas as non-actionable
denial codes.
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.
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
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
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
Rural hospitals are battling a modern-day Goliath of paperwork, regulations, and financial strain. AI helps—but it isn’t enough.
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