With reducing reimbursement rates, healthcare organizations must establish a robust reporting and analytics program to understand their revenue cycle inefficiencies. While most practice management software has holistic reporting features, the generation of these reports and periodic review reports requires discipline.
MBW’s Revenue Cycle Analytics Services
With MBW’s Revenue Cycle Analytics Services, you get the power to assess the performance of your revenue cycle. Our revenue cycle solutions utilize the breadth of revenue cycle operational expertise to ensure you can make decisions based on data.
Our team members help turn your revenue cycle into market-leading, best practice processes and help you monitor, measure, and manage your revenue cycle processes, perform denial analytics, and improve collections.
OUR REVENUE CYCLE ANALYTICS SERVICES INCLUDE:
- Accounts Receivable Analytics. Monitor the performance of your Accounts Receivable KPI’s to discover deficiencies and process efficiencies to maximize collections.
- Denials Analytics. Get a clear view of the lost revenue from unpaid claims, zero in on the top reasons for denials, and identify ways to improve your collections. We help you establish a sustainable denial prevention process.
- Revenue Cycle KPIs. Benchmark your revenue cycle against market standards such as MGMA benchmarks and identify areas where you can improve.
- MBW’s revenue cycle analytics services empower you to gauge your performance and take steps to improve all aspects of your medical billing processes. Our process teams work with you to initiate and execute comprehensive process changes to improve your revenue cycle outcomes.
