Work Smarter, Not Harder with Data Analytics

Build a more efficient practice over a cup of coffee.

  • Do you have access to month-end reporting moments after you close?
  • Can you review and assess your practice’s financial status in 5 min or less?
  • Do you know where you’re losing money and why?

If your answer was “no”, it’s time to kick your spreadsheets to the curb.

Many physician practice leaders are still spending:​

> 0 %

of time running reports and mining data to get a complete picture of their practice’s revenue.

< 0 %

of time designing and implementing change.

It’s time to Base Your Decisions on Facts, not Feelings.

With numbers to back up your decisions, you can feel confident that you’re making the right choice for your practice. Spend more time focusing on implementing the appropriate changes to improve collections.

Stand out from the crowd.

Your 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 practices.

MedEvolve RCM Scorecard is an analytics-as-a-service solution that takes the burden of analysis away from you and ensures you get the answers you need quickly with zero headache.

Your dedicated MedEvolve RCM Strategist, will review your Key Performance Indicators (KPIs) and consult with you each month to:

  • Identify areas for process improvement
  • Find areas of cash opportunity
  • Look for negative patterns or trends, explain why and how to prevent them from recurring
  • Make recommendations on changes you should make to improve
  • Identify root cause issues and concerns
  • Develop action plans to improve fiscal outcomes
  • Measure the effectiveness of process changes
  • Compare current month numbers to historical metrics and known benchmarks
  • Provide clarity into the billing claim lifecycle

“Our practice is committed to adopting new ways to improve patient experience and staff operations. The RCM Scorecard has enabled us to have real conversations with our physicians and billing team based on our data. The information tells us what’s going well and what isn’t, so our staff and doctors aren’t playing a guessing game with their time. Billing efficiency has improved, and patients notice the difference.”

Andrea Vitalich
Clinic Administrator for Pacific Rim Orthopaedic Surgeons

Resources

MedEvolve RCM Scorecard Information Sheet

Webinar Video: Discover the Path to Revenue Clarity

Webinar Video: Discover the Path to Revenue Clarity

Data Analytics: Big Data Tackles Revenue Cycle Deficiencies

By For the Record Magazine

Ready to gain financial clarity for your practice? Let us show you how.