William Hefley, MD, orthopedic surgeon, practice owner, & founder of MedEvolve says that running a practice like a business does not come naturally for many physicians. Yet, survival depends on knowledge and transparency into daily operations.
Discover Solutions to These Challenges
Revenue Cycle Resources for Physician Practices
“The analytics on the backend are turbo-charging our ability to go after A/R, and that’ll ultimately lead to us to reducing FTEs overall or transitioning staff to other positions within the organization, making us much more effecient.”
By rethinking, and automating, the tasks ahead of a patient visit, practices can strengthen their
bottom lines, ease financial and staff stress, and simultaneously improve the patient experience.
Using MedEvolve Effective Intelligence technology & experts to save time over billing, coding, payments and other administrative burdens.
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
You can’t live in pivot tables. You can’t live in Excel. You can’t wait till the two weeks into the next month to figure out how your prior month went. It’s too late. Healthcare is moving too fast.
The shift toward greater patient financial responsibility is not slowing in healthcare. This trend—predicted by experts and underway for several years now—continues to tilt the reimbursement scale away from insurance claims and onto the patient.
Effective Intelligence Resources
What's your EiQ?
Margin is the key to success in healthcare. You cannot maximize it without real-time metrics in your revenue cycle. Take the 3 minute quiz to find out your Effective Intelligence Quotient (EiQ).