The Entrepreneur Show: Healthcare Profit Prescription – Matt Seefeld on Revolutionizing the Healthcare Revenue Cycle
Matt Seefeld joins That Entrepreneur Show and shares how to reclaim millions of dollars and revolutionize the revenue cycle.
Kick your spreadsheets to the curb. Your revenue cycle analytics solution should give you real-time access to the Key Performance Indicators (KPIs) and specialty specific benchmarks you care about most so you can compare how you’re doing against other similar healthcare organizations. With numbers to back up your decisions, you can feel confident that you’re making the right choice for your business. Spend more time focusing on implementing the appropriate changes to improve collections.
With front office Patient Financial Clearance Automation & back office Medical Billing Workflow Automation added to your current PM/EHR systems, you can get real-time analytics on staff effectiveness and a deep understanding of your entire revenue cycle.
Increase in Labor Capacity
Reduction in Denials
We are thrilled with the outcomes achieved with MedEvolve. Our leaders have tremendous confidence in the partnership. We look forward to expanding our work with the MedEvolve team to derive even greater value from data insights, which is key to our success as a growing business.
Reduction in Labor Dependence
Reduction in Denials
“MedEvolve solutions have transformed our revenue cycle team’s operations significantly. My team is able to organize their days more easily through the tasking functions than when we were relying on emailing different locations back and forth.”
Zero Touch Claims Rate
Net Collection Rate
“The higher Rebound can drive its zero-touch claims rate, the more likely we will get paid the highest level of reimbursement—and with fewer people. MedEvolve has proven to be a game changer for us. We now have access to data that is making our revenue cycle more effective."
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.
Matt Seefeld joins That Entrepreneur Show and shares how to reclaim millions of dollars and revolutionize the revenue cycle.
Provider organizations should adopt new methodologies for revenue cycle benchmarks to understand staff effectiveness and where breakdowns are occurring. These include the following measures along with suggested percentages for optimizing revenue cycle processes.
Discovery Behavioral Health increased cash flow by 5.2%, team capacity by 30% & zero-touch insurance payment rates by 13%. How did they do it?
Matt Seefeld, President of MedEvolve, exposes the hidden inefficiencies and financial chaos plaguing the U.S. healthcare system. From denied claims to overwhelmed billing departments, he explains how outdated processes are hurting both doctors and patients.
Reimbursements are shrinking, labor costs are rising, and consumers are paying more. The pressure is on, but most revenue cycle teams still can’t answer a critical question: What’s really driving profit loss?
Before investing in the latest AI-powered platform, ask yourself: Do I know what’s really broken in my revenue cycle? The bottom line is you can’t fight bots with more bots. Not until you know exactly where your process break downs
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.
Matt Seefeld joins That Entrepreneur Show and shares how to reclaim millions of dollars and revolutionize the revenue cycle.
Provider organizations should adopt new methodologies for revenue cycle benchmarks to understand staff effectiveness and where breakdowns are occurring. These include the following measures along with suggested percentages for optimizing
Discovery Behavioral Health increased cash flow by 5.2%, team capacity by 30% & zero-touch insurance payment rates by 13%. How did they do it?
Matt Seefeld, President of MedEvolve, exposes the hidden inefficiencies and financial chaos plaguing the U.S. healthcare system. From denied claims to overwhelmed billing departments, he explains how outdated processes are
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