Matt Seefeld, EVP of MedEvolve, discusses with HIT Consultant why many physician practices are facing a harsh reality as they enter 2022. Revenue cycle processes and technology that have traditionally produced an acceptable bottom line are no longer delivering.
Growing Trends
- Growing labor and staffing complexities
- Need for greater margin
- Disparate data and systems limiting ability to gain intelligence
- Automation of manual processes is key amid resource deficiencies
- Demand for self-service and better patient financial experiences
Revenue Cycle Resources for Physician Practices
The answer to the “battle of the bots” between payers and providers is not more RPA
Before investing in the latest AI-powered platform, ask yourself: Do I know what’s really broken in my revenue cycle? The bottom line is you can’t fight bots with more bots. Not until you know exactly where your process break downs are occurring. Not until you understand what work is being done manually, why, and by whom. Otherwise, you’re just layering automation over chaos.
MedEvolve Names Matt Seefeld as Chief Executive Officer
The creator of the Effective Intelligence® suite for revenue cycle optimization will lead the next phase of innovation & growth at MedEvolve.
2025 GA HFMA Conference
Join us May 19-21, 2025 in Alpharetta, GA to learn how to reduce administrative waste in your revenue cycle with Effective Intelligence.
Prior authorization in the revenue cycle financial clearance process
Prior authorization (also known as pre-authorization or pre-certification) is the process by which a healthcare provider must obtain approval from a health insurance payer before delivering a specific service, procedure, or medication to ensure that it will be covered.
2025 HBMA Annual Conference
2025 HBMA Revenue Cycle Conference Learn about Effective Intelligence RCM automation & analytics ranked #1 by Black Book Research STOP BY OUR BOOTH Learn how to
2025 MGMA Leaders Conference
2025 MGMA Leaders Conference Learn about Effective Intelligence RCM automation & analytics ranked #1 by Black Book Research STOP BY OUR BOOTH Learn how to reduce
