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MedeFinance Revenue Cycle™ Analytics


Real-Time Insight into the Account Receivable Portfolio

Revenue Cycle Analytics is a web-based business intelligence solution that empowers hospital decision-makers with real-time insight into the daily performance of accounts receivable. Mede aggregates disparate data systems, delivers on-demand web analytics, and supports the business office with healthcare expertise and information advocacy. Users at every level of the organization have easy access to the real-time data needed to take action and drive financial improvements.

Plugging the Revenue Cycle Leaks

  • Spend less time gathering data and more time taking action
  • Instantly identify the root causes of denials and billing delays
  • Automatically eliminate “black hole” accounts that impact
  • Measure reimbursement trends and forecast net revenue
  • Monitor best practices and drive staff accountability
  
 
Client Results

Cash Acceleration
5 Hospital System - Reduced AR days 15% from 62 to 53

Reduction in Write-Offs
70 Hospital System - Improved clean claim rate from 45% to 55%

Operational Efficiency
350 Bed Facility - Reduced internal cost to collect by 27%

Real-Time AR Management
Identify AR bottlenecks, track reimbursement trends, eliminate “black-hole” accounts, and instantly drill into granular AR data to drive revenue cycle improvements.


Denial Analysis and Trending
Understand the root-causes of denials and underpayments; benchmark payer and contract performance; perform detailed analysis of the adjudication process.


Collector Performance Tracking
Analyze individual collector performance; ensure best-practices through exception reporting; create intelligent work lists that optimize business office resources.


Revenue Cycle Benchmarking
Compare your financial and operational performance to internal and external benchmarks; leverage the Mede community to drive revenue cycle best practices.


The Mede Business Intelligence Platform
Revenue Cycle Analytics is part of a full suite of healthcare analytic solutions delivered on the Mede business intelligence platform. By aggregating disparate data systems and providing web-based analytics to business decision-makers, Mede provides a comprehensive solution for business performance management.


“With the MedeFinance business intelligence solution we have a systematic approach to revenue cycle management to proactively analyze and benchmark revenue cycle metrics and improve net revenue.”

– PFS Director, 475 Bed Hospital