Revenue Cycle Management
For healthcare organizations slow to break through, the fate of Blockbuster Video could await them.
System shifts cost estimation, financial assistance and post-discharge collections to an automated framework.
Mayo Clinic, Moffitt Cancer Center save money on office space while seeing greater job retention among staff.
Estimate tools, system-wide access to balance information and patient portals all serve to boost collections and patient convenience.
Studies show that when consumers must spend a big chunk of their own money on their care, they can cut back by as much as 15 percent.
Both objective and intuitive elements must be considered to paint the truest picture of a patient's needs and calculate the risk, expert says.
Tool takes manual process and replaces it with software bots that link payer, provider websites.
Services include revenue cycle management solutions, patient access services, physician practice management and advisory services.
Since 2000, hospitals have provided more than $538 billion in uncompensated care to patients.
Company plans focus on products tied to driving health system growth, reducing care variation and optimizing the revenue cycle.