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EFFY Healthcare and Bon Secours Hospital System working together to bring efficiency to the next level
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EFFY Healthcare and Bon Secours Hospital System working together to bring efficiency to the next level

Actionable Analytics to Improve Revenue Cycle Management, Ensure Clinical & Operational Efficiency at Bon Secours. EFFY Healthcare, an efficiency platform that overlays existing systems to help healthcare organizations compare massive amounts of data across their total enterprise, detect exceptions and problems, and guide interventions to improve effi-ciency, announces to be working at Bon Secours Hospital System, a not-for-profit Catholic health system, on efficiency projects that aim to bring efficiency benchmarks to new levels.
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Operational vs. Actionable Analytics

A growing number of hospital leaders understand the value of real-time data analytics versus the limitations of operational data analytics to address and solve problems in virtually every aspect of operations. One new platform fine-tunes an existing Revenue Cycle Management (RCM) operational system, and eliminates the need to replace any existing system, even if that system is not ideal. Costs are reduced because RAID HEALTHCARE — an end-to-end software platform used worldwide by leading healthcare systems, telecom companies, utilities, retail and other complex industries — costs less than a replacement system, and is more powerful.   No disruption costs or need to play “catch up.”
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“Real Time” Data Makes a Real Difference in Finding and Fixing RCM Issues

“Real time” or near real-time data analytics in a hospital enterprise has the ability to audit massive amounts of data very quickly, automatically testing data against norms, algorithms or pre-determined values. In this way, issues that jeopardize the capability to put out a clean claim, identify non-compliance with contractual requirements, or threaten clinical performance can be quickly identified and rapidly addressed.
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Time is of the Essence: Actionable Analytics Decrease Denial Rates, Save Time and Money

One key challenge that hospital leaders struggle to overcome is claim denials based on treatment authorizations. These denials occur primarily when there is a deviation in the plan of care, and they burden clinical and operational teams to secure authorizations for treatment necessitated by a change in the patient's health status.
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Key Trends Make (Near) Real-Time Data a Must-Have for Optimizing RCM

Among the various types of data that hospitals rely upon, only (near) real-time data enables hospital leaders to take action and follow up on that action to correct inefficiencies, denials and revenue leakage. In fact, key trends in hospital analytics are shifting toward (near) real-time analytics as an important step beyond problem definition. EFFY’s efficiency platform that overlays existing operational systems to help healthcare organizations compare massive amounts of data across their total enterprise, detect exceptions and problems, and guide interventions to improve efficiency that optimizes financial, clinical and operational performance.
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Hospital Systems Place High Value on Acquiring Actionable Analytics to Optimize Efficiencies, Improve Revenue Cycle Management

Hospital leaders face substantial challenges in terms of aggregating and comparing vast datasets to identify and correct problems. The substantial amount of data is prompting these healthcare organizations to recognize this deficit in their existing systems.  As they learn about the value and benefits of actionable analytics to address and solve problems in virtually every aspect of operations, they’ve begun to adopt new technology now available on the market. A significant benefit is that these new platforms overlay current transactional systems to deliver a cleaner, smarter and cost-effective solution.
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