Every healthcare provider that utilizes EDI transactions to optimize their claims flow has a tremendous amount of raw data that is often treated merely as a byproduct of the claim submission and remittance process rather than as a source of potentially game-changing business intelligence.
Delivering on the Long-Awaited Promise of Big Data. Your claims data can become your organization’s competitive advantage. myClaimAnalytics delivers key revenue cycle insights by aggregating and evaluating your claims data.
Analyze. Understand. Improve. Much like the patients you care for, revenue cycles can suffer from a broad variety of ailments. myClaimAnalytics provides the actionable intelligence needed to benchmark your current financial and operational performance and help drive and measure future RCM improvement efforts.
From Theory to Practice. Every healthcare organization faces unique challenges. Using your data, MedX revenue cycle subject matter experts will work with your team to highlight potential areas of improvement.
Deep Insights. Surprisingly Easy to Use. Our cloud-based reporting tools were designed for usability. Your data is presented in an intuitive and user-friendly dashboard environment that can be used by everyone in your organization from senior leadership to revenue cycle analyst. No special IT skills are required.
Developed in Collaboration with Leading Revenue Cycle Managers. myClaimAnalytics is the result of a series of learning relationships between MedX and some of healthcare’s leading revenue cycle managers. It was purpose-built to provide a more comprehensive level of insight into several acutely felt but not easily understood revenue cycle problems. Other healthcare revenue cycle management tools simply weren’t up to the task. Key attributes:
- Denial data aggregation and reporting by payor/plan to pinpoint problems in the coding and submission process and drive reduction efforts
- Understand the key drivers of Days in AR including internal billing timelines and payor time-to-pay behavior
- Benchmark payor performance by tracking cash collection rates, patient financial responsibility, payor contractual discounts, and denial rates
MedX meets and exceeds healthcare data security standards. Our data storage facilities are ISO/SOC certified and HIPAA and HITECH compliant. Maintaining your data’s integrity will always be our highest priority.