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
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.”
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.
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