Capture data and documents and keep it moving through revenue cycle processes
Underneath the healthcare revenue cycle is a complex web of data and interdependent processes that span across departments. Data used in one process is only as good as corresponding data gathered upstream in the process.
Even capturing information accurately and flawlessly at the onset doesn’t mean there aren’t opportunities for errors and barriers to efficient data flow later.
And it’s not just the data that you need to worry about. The documents associated with the revenue cycle are no small matter either – insurance cards, forms, orders, EOBs, etc. – quickly become overwhelming.
There are few solutions out there that help you handle both the data and the documents, but Revenue Cycle Management (RCM) solutions from Hyland Software do just that.
Maximize reimbursements with faster revenue cycle processes
Our RCM solutions help healthcare organizations unite isolated and disparate silos of clinical, financial and administrative information in a single platform. As a result, healthcare organizations maximize reimbursements, enhance the value of their existing HIT infrastructures and reduce reliance on manually intensive, error-prone work processes.
With the RCM solutions, hospitals and healthcare organizations manage significant aspects of the revenue cycle – at both a data and document level. This includes capturing data and documentation from the first patient touch-point in patient access through the final collection process, which helps ensure recovery of appropriate reimbursement for services rendered.
As a result, critical information becomes immediately accessible to those people who need it, within the applications they use, whether the EMR, host billing system or ERP. Organizations automate the handling of data and information from practically any source and seamlessly integrate it with any application.
This, in turn, reduces manual entry and the potential for error. In addition, once data is captured and resides within the system, data analytics and report mining become a natural byproduct of the solution’s workflow, providing improved business intelligence for more informed business decisions.
Hyland Software’s RCM solutions help you:
- Generate ROI in 12 months or less and extend the value of your current IT environment
- Speed reimbursements and maximize collections
- Reduce receivables days outstanding, errors, bad debt and initial denial/defect rates
- Improve efficiencies and staff productivity by eliminating repetitive, error-prone tasks
- Heighten customer service
- Analyze every phase of your revenue cycle to identify opportunities for improvement