“Real Time” Data Makes a Real Difference in Finding and Fixing RCM Issues
Staying viable in today's increasingly complex healthcare environment is not an easy task for any hospital or health system. With the need to aggregate and comparing data from diverse platforms, with the various formats, using technology for identifying and correcting has become a major issue for hospital organizations. To find an issue, after it has caused a denial, is unacceptable.
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.
Optimize your RCM and reduce claim denials
Many, if not most, health systems are undergoing expansions that result in massive sets of disparate data to be reconciled and reviewed. This often means facing significant complexities to the health system’s RCM processes throughout the enterprise. Read how to address this and other challenges with actionable analytics from EFFY Healthcare.