For the Record: Rev Cycling to a Better Bottom Line
“Measuring every touch in the revenue cycle is key to future sustainability—because every touch means money out of your pocket.” ~ Matt Seefeld
TAMPA, Fla., August 9, 2024 (Newswire.com) –Black Book Research announces that MedEvolve has been named the top vendor for Revenue Cycle Management (RCM) workflow optimization and automation services, as recognized by clients in the Q3 2024 satisfaction survey. The survey included feedback from 1,887 providers, medical group financial system users, and business office leaders.
Among over 200 core and niche RCM technology vendors, MedEvolve secured the top client experience rating in 12 out of 18 RCM-centric key performance indicators and was recognized as the overall highest-performing solution for medical RCM automation tools.
“With staffing issues still at the forefront of challenges for healthcare provider organizations, many are seeking ways to minimize manual workloads and automate tasks,” said Doug Brown, President of Black Book Research. “The demand for RCM workflow optimization and automation solutions is growing, making this category increasingly competitive. MedEvolve has been a strong contender since our inaugural physician group report in 2019 and for another consecutive year, they have commanded the top due to their ongoing innovations and advancements in the field. Their consistent commitment to improving efficiency and effectiveness in revenue cycle management has set them apart from other vendors, reflecting the evolving needs of the healthcare industry and the importance of cutting-edge automation solutions.”
Over 100 users of MedEvolve’s Effective Intelligence strongly confirmed the technology significantly reduces labor dependency through sophisticated automation of workflow tasks and enhanced task management, and by streamlining patient financial clearance processes, it effectively mitigates common denials and write-offs.
Full results can be found at https://blackbookmarketresearch.com/finance-revenue-cycle-management.
About Black Book
Black Book™ and its founder, management, and staff do not own or hold any financial interest in any vendors included in the RCM surveys, including MedEvolve. Black Book publishes the results of collected satisfaction and client experience rankings to the public and media before notifying vendors of their ratings. The organization does not solicit fees for vendor participation, review, inclusion, briefing, or collaboration, ensuring unbiased polling of vendors’ clients. For detailed information on methodology, auditing, resources, comprehensive research, and ranking data, visit www.blackbookmarketresearch.com or contact us at research@blackbookmarketresearch.com.
Source: Black Book Research
Effective Intelligence combines Patient Financial Clearance Automation, Medical Billing Workflow Automation, and Real-Time RCM Analytics in a cloud-based platform designed to integration with your current EMR/PM technology to measure the effectiveness of your RCM staff.
Review and assess your practice’s financial status in 5 min or less and know exact where you are losing money and why. Measure the work effort of every revenue cycle employee, incentivize and retain your top performers, and help employees that need improvement.
You can prevent most common denials, rejections and write-offs during the scheduling and pre-registration process in advance of the appointment. Configure checkpoints and use central task management to quickly clear patients and keep your front office staffing needs at a minimum.
As team members log in to the web-based application and record each “touch” of a claim, outcome, and next task, key data points are recorded like who completed the task and when, outcome, task notes, internal / external messages sent, collection success and other data points that feed into our real-time analytics.
Reduce RCM labor dependence with financial clearance, coding, 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.
“Measuring every touch in the revenue cycle is key to future sustainability—because every touch means money out of your pocket.” ~ Matt Seefeld
Healthcare organizations are already facing razor thin margins, and administrative waste could be the linchpin for future sustainability. Billions of dollars are at stake. I’m always surprised when I talk
Healthcare revenue cycles are primed for the benefits of automation & AI, but many are missing a critical link: human-generated data.
Monday – Friday
7:00 am – 7:00pm
1115 West 3rd Street
Little Rock, AR 72201
Privacy Policy | 2024 All Rights Reserved