First 3 months with MedEvolve Effective Intelligence, Falck achieved their highest collection months in March & April 2021, up 24% from previous 10 months.
South County Urological Uses MedEvolve Workflow Automation to Streamline Financial Clearance and Improve the Patient Experience
Since implementing MedEvolve Patient Financial Clearance Workflow, COB denials are down 75%, patient payments are up 15% and point of service collections are up
Analytics and AI-Driven Workflow Automation Enable RCM Centralization and Revenue Growth for MidLantic Urology
Prior to workflow automation, MidLantic anticipated needing to hire 8 employees and create a new department focused solely on A/R to support the centralized billing office. However, by streamlining RCM processes through workflow automation and focusing only on the 10-20% of claims that need to be worked each day, MidLantic cut their anticipated staffing requirements in half without adding a new department.
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.
Center for Urologic Care embraces workflow automation & real time analytics for data-driven decision making
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.
Client testimonials with executives from Columbia Orthopaedic, South County Urological & Key-Whitman Eye.
Using Medevolve Effective Intelligence, Columbia Orthopedics was able to measure staff productivity during the pandemic & measure work effort in real time.
Key-Whitman Eye Center Improves Revenue Cycle and Physician Satisfaction with Transparency and Automation
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
Using MedEvolve Effective Intelligence, Columbia Orthopaedics decreased RCM staff needs rom 5 to 3.5 full-time employees while decreasing 7-day A/R from month to month, achieving highest collection month on record in December 2019, reducing overall A/R over 60 days by 15%, and decreasing A/R over 60 days by 9.4%.
Technology & Services
When healthcare executives are shopping for technology to improve margin & collections, and reduce staff, don’t ask “How much does it cost?” Instead, evaluate the potential return on investment.
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