Provider Solutions Overview

Comprehensive Suite of Web-Based Business Intelligence Solutions

Many of the largest healthcare providers in the country use MedeFinance to reduce bad debt, accelerate cash, improve operating margins, track financial performance, and drive accountability at all levels of the organization. By making financial and operational data actionable for decision makers on a daily basis, the MedeFinance business intelligence platform is a transformational solution that enables hospitals to build a truly data-driven decision making culture based on measurement and accountability. The MedeFinance OnDemand model combines a hosted IT environment with web-based analytics and a team of healthcare experts to ensure sustainable value for each customer. This software-as-a-service approach is the foundation for a comprehensive suite of business intelligence solutions that address specific challenges in the areas of patient access, revenue cycle, contract performance, and clinical operations.

Revenue Cycle Analytics provides financial managers and business office staff with insight into the daily performance of accounts receivable. By exposing all revenue cycle metrics on a granular level, Mede enables hospitals to plug the holes in their revenue cycle operations. Users at every level of the organization have easy access to the real-time data needed to take action and drive revenue cycle improvements. Profit Margin Analytics leverages cost, revenue, contract, clinical, and marketing data for granular margin analysis and service line planning. Decision-makers are able to quickly benchmark medical costs and compare the profitability of procedures, physicians, payer contracts, and patient types. This margin analysis is enhanced with third-party demographic data to drive service line planning and marketing strategies. Self Pay Analytics is a comprehensive business intelligence and work flow solution that enables healthcare providers to manage the increasing number self pay patient accounts. By leveraging third-party data and predictive sciences, Mede enables hospitals to optimize self pay collection strategies, reduce demographic errors, and improve the screening process for charity care and other public assistance programs. Registration Quality Analytics analyzes potential errors in each patient registration and enables patient access staff to correct problems and measure accuracy improvements. A customized set of business rules is applied to each registration record and patient information is verified with 3rd party data sources. Individual and management reporting allows users to quickly understand root causes and then prioritize error resolution. Master Patient Index (MPI) Analytics is a web-based business intelligence solution that provides hospital decision makers with insight into their MPI data. Mede uses predictive sciences and advanced business rules to identify and eliminate duplicates, and integrates 3rd party data to verify patient demographics. Users at every level of the organization have easy access to the data necessary to drive process improvements and maintain a clean MPI.