INFOGRAPHIC | 6 Benefits for Healthcare of Robotic Process Automation (RPA)
Do you know why 23% of healthcare executives are already looking to invest in Artificial Intelligence and Robotic Process Automation now and why 50% intent to do it in 2021? Check out 6 Benefits of Applying RPA on your Healthcare Revenue Cycle Management and understand better what can it do for your healthcare organization.
Healthcare Business Assurance: The Next Step of RCM Evolution
Healthcare RCM technology has been evolving for decades. Some organizations have begun looking outside of healthcare to find the capabilities they need to continue their drive toward operational efficiency and new reimbursement model management. The answers they are looking for may come from an unlikely industry – telecommunications.
INFOGRAPHIC | 5 Top Claim Denial Causes in Healthcare
Each new denial represents a painful financial drain on healthcare practices and organizations. Even when claims are recovered, the administrative costs associated with that recovery represent a leak from patient revenue. Check out the 5 Top Claim Denial Causes in Healthcare, ranked accordingly with our own experience.
INFOGRAPHIC | Healthcare's Top 10 Revenue Leakage Causes
Healthcare's Revenue Cycle Management (RCM) is very complex and challenging to manage efficiently. Find out here the top 10 sources of lost revenue and cost drain (leakage) and how Effy Healthcare powered by RAID may help your healthcare organization prevent leakages to happen in the first place.
Operational vs. Actionable Analytics
In the light of the unfortunate recent event of the COVID-19 pandemic, a growing number of hospital leaders, more than ever, are understanding the value of real-time data analytics versus the limitations of operational data analytics to address and promptly solve problems in every aspect of operations.
The strategic importance of having continuous auditing and improvement solution for your RCM
Amidst all the COVID related events of the past few weeks, many, if not most, health systems are facing increased complexities to the health system’s RCM processes throughout the enterprise. Furthermore, the difficult in keeping track of government policies daily changes, plus the fact that different payers are taking different approaches, results in massive sets of disparate data to be reconciled and reviewed.
How to decrease denial rates and save time and money in the process
Denials… They are lot alike that chronic low back pain, difficult to heal, no one likes and far too often instead of committing to getting better, which takes discipline and consistency, one ends up “toughing it out”. And when you finally seem to get better, it returns, sometimes harder than before. What to do? Obviously, prevention is key, proper rest, eating well and in case of injury seek the right professional help that along with self-commitment will enable recovery.
EFFY Healthcare at Becker's Hospital Review 5th Annual Health IT & Revenue Cycle Conference, in Chicago October 9-12, 2019.
EFFY Healthcare at Becker's Hospital Review 5th Annual Health IT & Revenue Cycle Conference, in Chicago October 9-12, 2019, to meet Customers and Partners there and share its vision and solutions on how to Increase Efficiency through Actionable Analytics.
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.