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
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.
“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 to doctors and ask them if know how many touches, or people, it takes to get paid for services they provide, they rarely know the answer. It’s also concerning when administrators and executives over the revenue cycle functions don’t have this information.
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.
MedEvolve Rated Top Revenue Cycle Management Workflow Optimization and Automation Solution, 2024 Black Book RCM Client Survey
Zero-touch resolution rate is the new metric for financial clearance success in the revenue cycle. Save labor cost in the business office.
Five new RCM companies select MedEvolve’s data-driven workflow automation and intelligent analytics solutions.
Matt delves into profitability & accountability challenges facing healthcare, like lack of real-time data and task tracking.
Brad Hunter, talks with EVP & Chief Commercial Officer at MedEvolve, Inc. and Founder of myLifeLink, Matt Seefeld.
Compass Health added award winning RCM automation & intelligence to Veradigm EHR/PM system and reduced denials, AR days, and labor dependence.
Reduce RCM labor dependence with financial clearance, 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.
Rural hospitals are battling a modern-day Goliath of paperwork, regulations, and financial strain. AI helps—but it isn’t enough.
In rural hospitals, eliminating unnecessary work can free up time for higher-value activities that directly support patient care.
Mark Alyn speaks with MedEvolve CEO Matt Seefeld about why the U.S. healthcare system is confusing, inefficient, & under strain.
Hidden costs of payer denials: how front-end errors and repeated claim follow-ups strain health systems and drive administrative burden.
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