MGMA Article: Embracing A Better Revenue Cycle Strategy – Why it’s time to retire outdated manual approaches
In this MGMA article, MidLantic Urology demonstrates how a switch to MedEvolve Effective Intelligence improved ROI and patient experience.
Matt Seefeld, Executive Vice President at MedEvolve, brings over 24 years of management consulting experience in the healthcare industry. He has extensive expertise in the assessment, design and implementation of process improvement programs and technology development across the entire revenue cycle. Matt began his career with Stockamp & Associates, Inc. and worked for both PricewaterhouseCoopers LLP and Deloitte Consulting LLP in their healthcare and life sciences practice lines. In 2007, he developed a business intelligence solution and founded Interpoint Partners, LLC, where he served as Chairman and Chief Executive Officer. In 2011, he sold his business to Streamline Health Solutions where he then served as Chief Strategist of Revenue Cycle followed by Senior Vice President of Solutions Strategy until 2014. Matt ran global sales for NantHealth and provided consulting services for healthcare technology and service businesses nationwide, prior to joining MedEvolve full-time.
In this MGMA article, MidLantic Urology demonstrates how a switch to MedEvolve Effective Intelligence improved ROI and patient experience.
You can’t live in pivot tables. You can’t live in Excel. You can’t wait till the two weeks into the next month to figure out how your prior month went. It’s too late. Healthcare is moving too fast.
In private practice, doctors that take an interest in analytics only accumulate to less than 10% and sometimes even 5%—which is a problem.
Revenue cycle comes down to people process & technology. COVID has taught us that we need to be as lean and efficient as possible.
Matt Seefeld, MedEvolve EVP and revenue cycle analytics expert, will reveal the KPIs providers should be monitoring on regular basis.
The inability to answer these questions could be costing healthcare organizations hundreds of thousands or even millions of dollars per year.
Matt Seefeld talks about solutions that help healthcare practices perform their best business so they can bring best care to patients.
Many physician practices are ready for a fresh start, but the unprecedented financial challenges of 2020 will have a lingering impact.
Manual efforts to predict cash flow may leave you vulnerable to revenue problems that can quickly spiral out of control.
“The last thing that unemployed people want to do is pay their healthcare bill,” says Matt Seefeld, executive vice president of MedEvolve in Little Rock, Arkansas. “I’m going to pay for the things that keep my family alive. The last thing I’m worried about is that bill from six months ago.”
Reduce RCM labor dependency with workflow automation, task management, & real-time analytics to increase margin.
Outsource your medical billing to us with over 20 years of revenue cycle experience incorporating Effective Intelligence in house.
Improve patient collection rates with account resolution services: call center, mobile engagement, payment portal & counseling.
Increase productivity and visibility into front & back office processes while keeping your staff focused.
Combined practice management & electronic medical record software may not be the best choice. Doctors & financial team have difference needs.
Before implementing robotic process automation, you need to understand where humans are getting involved & where breakdowns are occurring. RPA can’t tell you that.
How to identify best healthcare management revenue cycle performers, individually measure & incentivize them, & optimize productivity using Effective Intelligence.
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