RevCycle Intelligence Article: A Specialty Group’s Revenue Cycle Automation Journey
Using revenue cycle automation for Columbia Orthopaedic Group, automated financial clearance and A/R workflows have improved efficiency.
Effective Intelligence (EiQ) is all about reducing your dependence on labor in the revenue cycle while ensuring the medical billing and front office staff you do need are working effectively and generating the expected revenue to increase your margin with the least amount of work effort. MedEvolve is an effective intelligence company.
Using revenue cycle automation for Columbia Orthopaedic Group, automated financial clearance and A/R workflows have improved efficiency.
Using MedEvolve Effective Intelligence, Columbia Orthopaedics decreased RCM staff needs rom 5 to 3.5 full-time employees while decreasing 7-day A/R from month to month, achieving highest collection month on record in December 2019, reducing overall A/R over 60 days by 15%, and decreasing A/R over 60 days by 9.4%.
Using MedEvolve Effective Intelligence technology & experts to save time over billing, coding, payments and other administrative burdens.
Workflow automation ensures your staff are following best practices and automates manual processes to prevent human error. The built in analytics provides feedback to staff on areas of process improvement.
Improve your revenue cycle management process by automating your financial clearance processes & accounts receivables management.
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.
“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.”
Effective Intelligence is like a GPS: representatives sit down, log into MedEvolve RCM Workflow, and hit go, and the system leads them. You don’t have to do too much thinking or prioritization because the system does that for you.
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.
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.
AI can help reduce waste & improve efficiency in the revenue cycle by analyzing human touches & making recommendations for waste reduction.
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