MedEvolve Is Fixing Healthcare’s Revenue Leak | Matt Seefeld | Business Ninjas Podcast
MedEvolve CEO Matt Seefeld breaks down where these leaks happen and how providers can seal them off.
We have successfully integrated our Effective Intelligence Suite with 40+ EHR and PM systems. No need to change technology, just add Workflow Automation to your current system.
On a given day, 80 to 90 percent of the active claims in A/R do not even need to be touched, so why are billing representatives wasting time on them? Because there is no visibility into which claims need to be focused on to actually generate revenue.
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.
As medical billing team members log in to the workflow automation web-based application and record each “touch” of a claim, what the outcome of that claim task is, and what the next task should be, our workflow interface will record key data points like who completed the task, date, time, outcome, task notes, internal and external message sent, collection success and other data points which will then feed into our real-time analytics that update every few minutes.
As your revenue cycle team records each unit of work in the Workflow Automation web-based application, you can view their progress with our Advanced Real-Time Analytics, make suggestions, train junior staff, and ultimately reward your billers that get results.
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.
MedEvolve CEO Matt Seefeld breaks down where these leaks happen and how providers can seal them off.
Discovery Behavioral Health improved revenue cycle efficiency and margins by partnering with MedEvolve to implement AI-powered automation and analytics. This reduced administrative waste, decreased avoidable touches by over 60%, increased zero-touch payments by 53%, and boosted collections by $3.6M monthly, enhancing staff productivity and financial outcomes.
Discover how reducing avoidable touches in insurance claim processing can cut costs, free up labor capacity, and boost revenue cycle efficiency—saving organizations hundreds of thousands annually.
Discover how MedEvolve’s revenue cycle benchmarks come to life through Effective Intelligence® real-time analytics dashboards.
Under OBBBA, you as a healthcare executive are being forced to change “the way we’ve always done it.” With more uninsured patients seeking medical help and fewer federal dollars to support care delivery, you can’t afford to be guessing at what’s getting paid and what’s being denied. Financially clearing patients ahead of time is more crucial than ever—it’s the difference between cash flow and chaos.
Matt Seefeld joins That Entrepreneur Show and shares how to reclaim millions of dollars and revolutionize the revenue cycle.
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.
MedEvolve CEO Matt Seefeld breaks down where these leaks happen and how providers can seal them off.
Discovery Behavioral Health improved revenue cycle efficiency and margins by partnering with MedEvolve to implement AI-powered automation and analytics. This reduced administrative waste, decreased avoidable touches by over 60%, increased
Discover how reducing avoidable touches in insurance claim processing can cut costs, free up labor capacity, and boost revenue cycle efficiency—saving organizations hundreds of thousands annually.
Discover how MedEvolve’s revenue cycle benchmarks come to life through Effective Intelligence® real-time analytics dashboards.
