When I ask clients, “Are all the scheduled visits coming in for Monday cleared based on the six points I just told you?”, the answer is “I think so”, but “I think so” doesn’t work anymore. “I think so” gets you overstaffed. “I think so” gets your net collection rate to be far below benchmark, which is negatively impacting your profit margin.
Margin is the key to sustainability in healthcare management
Healthcare executives must have real time insights to operate an effective revenue cycle.
To improve margin, you need to know your EiQ
EiQ equals Effective Intelligence Quotient. It tells us where the potential breakdowns are occurring in your revenue cycle. What’s your EiQ? Take the 3 minute quiz to find out.
How do you get Effective Intelligence?
Current PM/EMR Systems
+ Workflow Automation
+ Data Warehouse
= Effective Intelligence
We house the data points of your current systems in a data warehouse. Then add Medevolve’s workflow automation & real-time analytics dashboards for full transparency and accountability. Learn more about our workflow automation technology.
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).
How does labor staff demands like shortages, high turnover, more salary, better hourly rates, affect your margin? Matt Seefeld shows us how to measure work effort with real-time analytics that show where the breakdowns occur – denials? billing edits? coding?
Center for Urologic Care embraces workflow automation & real time analytics for data-driven decision making
Telling the owners we have to change almost everything in the business was scary for them. The confidence came when we had the reports, we had the analytics, we’re making data driven decisions, and we have a path forward. I couldn’t imagine doing it without Medevolve Effective Intelligence.