How to successfully navigate the roadblocks in the revenue cycle
Where are mistakes happening & what are the proven strategies to fix them? View the infographic and take product tours of Ei Suite.
MedEvolve, a leading provider of revenue cycle management (RCM) solutions that provide effective intelligence, automation and accountability for healthcare organizations, has been recognized as the top RCM workflow automation company by Black Book Research. This accolade showcases MedEvolve’s commitment to delivering innovative solutions that help healthcare organizations maximize labor across revenue cycle functions to deliver optimal bottom-line impact.
With staffing issues still topping the list of challenges healthcare provider organizations are facing, many are looking for ways to reduce manual workload and automate tasks. This is why the RCM Workflow Optimization and Automation Solution category is becoming increasingly competitive. MedEvolve has been a contender since our first physician group report in 2019 and has moved to the top this year due to the innovation the company continues to make in the space.”
Rank | RCM Firm |
|---|---|
1 | MEDEVOLVE |
2 | SCP HEALTH |
3 | ISSIO
SOLUTIONS |
4 | INOVALON |
5 | STREAMLINE |
6 | ABBYY |
7 | MEDSPHERE |
8 | NEXTGEN HC |
9 | INFOR |
10 | WAYSTAR |
11 | PMD |
12 | R1 RCM |
13 | ORACLE
HEALTH |
14 | AGS HEALTH |
15 | FINVI |
16 | MPOWER
HEALTH |
17 | VISTA |
18 | CHANGE/
OPTUM |
19 | MILLENIA |
20 | GENESYS |
Criteria | RCM Firm |
|---|---|
Strategic Alignment of Client Goals including VBC HIE ONC | MEDEVOLVE |
Innovation & Optimization | MEDEVOLVE |
Training | MEDEVOLVE |
Client relationships and cultural fit | ABBYY |
Trust, Accountability, Transparency, Ethics | MEDEVOLVE |
Breadth of offerings, client types, delivery excellence | MEDSPHERE |
Deployment and implementation | MEDEVOLVE |
Customization | ISSIO SOLUTIONS |
Integration and interfaces | MEDEVOLVE |
Scalability, client adaptability, flexible pricing | MEDEVOLVE |
Compensation and employee performance | ISSIO SOLUTIONS |
Reliability, consistency | STREAMLINE |
Brand image and marketing communications | MEDEVOLVE |
Marginal value adds and modules | SCP HEALTH |
Financial Viability & Managerial Stability | WAYSTAR |
Data security and backup services, patient privacy | MEDEVOLVE |
Support and customer care | SCP HEALTH |
Best of breed technology and process improvement | MEDEVOLVE |
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.
Where are mistakes happening & what are the proven strategies to fix them? View the infographic and take product tours of Ei Suite.
Matt Seefeld discusses the role that measuring claim touches & calculating the cost to collect will have on AI-powered revenue cycles.
The reality is that current stats related to U.S. administrative waste in healthcare are abysmal, equating to about 30% of total spending waste. In response, healthcare organizations are prioritizing adoption
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