revenue cycle optimization - anthelio€¦ · revenue cycle optimization analytical tool...
TRANSCRIPT
Revenue Cycle Optimization analytical tool consolidates financial and patient data from various financial systems to provide visibility and insights into the organization’s account receivables. The web-based application combines dashboards, standard reports and ad hoc reporting capabilities into a powerful analytics solution, making it easier for organizations to monitor and manage their accounts receivables. Organizations will save countless hours spent compiling, cleansing and mastering data, building and supporting interfaces and producing and distributing reports. Analytics empowers healthcare providers to reduce revenue leakage, increase staff productivity, maximize net revenue and accelerate cash flow. Our Revenue Cycle Optimization tool provides the analytics you need to identify revenue bottlenecks and manage reimbursement trends so you can focus your resources on what matters most - providing quality patient care.
● Executive dashboards● Operational reports for daily operations focus● Web-based solution for easy access and monitoring● Role based security● Configurable as per client requirement
● Accelerate cash flow across the enterprise● Identify revenue bottlenecks● Reduce bad debt and understand its root causes
● Enhance productivity with workflow tools● Guide business strategy by identifying service line profitability● Streamline monthly reserves
Available KPIs
Aged AR as a percentage of outstanding AR
Primary physician practice operating margin ratio
Specialty physician practice operating margin ratio
Net income/loss per primary FTE physician
Net income/loss per specialty FTE physician
Total primary physician compensation as a percentage of net revenue
Total Specialty Physician Compensation as a Percentage of net revenue
Practice net days in AR
Practice cash collection percentage
Total charge lag days
Percent of patient schedule occupied
Point-of-Service (POS) collection rate
Professional services denial percentage
Days in total Discharged Not Final Billed (DNFB)
Net days in Accounts Receivable
Aged AR as a percentage of billed AR
Cash collection as a % of adjusted net patient service revenue
Bad debt
Charity care
Charity as a percentage of uncompensated care
Uninsured discount
Total uncompensated care
Cost to collect
Cost to collect by functional area
Case Mix Index
© 2016 Anthelio Healthcare Solutions Inc. www.antheliohealth.com
● Use based preference selections● Industry focused KPI’s for hospitals and physician practices● Vendor neutral solution● Alerts and notifications for focused revenue realization● Benchmark analysis for industry focused growth
Product Value Propositions
Revenue Cycle Optimization
Physician Practices Hospitals
www.facebook.com/Anthelio
www.linkedin.com/company/anthelio-healthcare-solutions
www.twitter.com/anthelio
Anthelio Healthcare Solutions Inc.One Lincoln Centre, Suite 2005400 LBJ FreewayDallas, TX 75240Phone: 214-257-7000Toll-Free: 855-268-4354email: [email protected]
© 2016 Anthelio Healthcare Solutions Inc. www.antheliohealth.com
Anthelio Healthcare Solutions
Anthelio is the largest independent provider of healthcare technology solutions in the market. We offer solutions across the spectrum of care, providing customers the ability to solve their critical technology needs from a single source while delivering cost savings and efficiencies. Our end-to-end solutions include IT infrastructure services, IT applications management, EHR optimization, Patient Engagement, Analytics, and Revenue Cycle Management (RCM) including HIM Services, Patient Financial Services and Cancer Registry Services. Anthelio drives sustainable value to over 63,000 physicians and nurses in hundreds of healthcare organizations supporting their annual revenue of over $67 billion and impacting quality care to over 60 million patients.
Over 530 Certifiedhealthcare professionals on staff
Over 4M Chartscoded per year
Average of 22 Years of experience in revenue cycle assessment and management
$13 Billion AR managed
15+ Years of cancerdata provided for CoC mandated
quality studies
Average of 19 Yearsclinical experience
Suite of Analytical Applications
Clinical Documentation Improvement (CDI): Physician documentation feedback solution designed to educate and help providers through the coding process.
Revenue Cycle Optimization (RCO): Consolidates financial and patient data from various financial systems to provide visibility and insights into the organization’s account receivables.
Coding Compliance Insight (CCI): User-centered application focused on coding accuracy of reimbursement, compliance and overall coding quality.
Key facts about Anthelio’s industry ranked services