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Beckers Healthcare Articles

Becker's ASC Article: How automation helps MidLantic Urology manage revenue cycles, prior authorizations

Becker’s ASC Article: How automation helps MidLantic Urology manage revenue cycles, prior authorizations

80 to 90 percent of claims don’t require immediate follow up, but many billing departments get bogged down with work that doesn’t have potential to produce near-term ROI. Without analytics, it is really challenging to prioritize workflows on a daily basis and know which patient responsible balances we can collect on. Having a clear view of how much money our practice has and when we can expect to collect on rendered services is foundational to maintaining a strong bottom line.

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Beckers ASC Article: Specialty practice centralized RCM processes

How a 70-physician specialty practice centralized RCM processes — 5 insights

As a result of our data and the relationship with our RCM vendor, MedEvolve, we have been able to improve functionality and process from the front desk to the back and everything in between. Having actionable data drives our training — it helps us examine why denials are happening and what processes need to be looked at. Data at all levels is really unearthing challenges that we would never have been able to find on our own because of the volume of information. If you don’t have a way to mine information and use it effectively, it’s useless.

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Beckers ASC: Leveraging analytics to boost practice performance

Beckers ASC: Leveraging analytics to boost practice performance at your ASC

Predictive analytics represent the future of medicine for ASCs and other all healthcare organizations, and not just in the clinical sense. Insights gleaned from day-to-day encounters and transactions can also strengthen revenue-cycle management (RCM) by driving informed decision-making. Data can influence decisions such as whether to renew payer contracts, outsource certain billing functions to a third party or offer flexible patient payment and financing plans.

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