CentraMed Performance™

Enterprise Class Business Intelligence combined with expert analysis will provide significant increases in cash flow and net revenue

Value Proposition:

CentraMed Performance shows areas for revenue cycle improvement that will directly impact a provider’s net income. This web-based business intelligence solution was developed specifically to help hospitals better manage the complexities of the healthcare revenue cycle. Cash flow and revenue opportunities are easily and quickly identified using dashboards to track common revenue cycle key performance indicators.

Hospital Billing Dashboard Billing Dashboard
Collections Dashboard Collections Dashboard
Denials Dashboard Denials Dashboard
RAC-OBS Dashboard RAC Risk Dashboard
DNFB Dashboard DNFB Dashboard
Charge Capture Dashboard Charge Capture Dashboard
(click thumbnails for enlarged views)

 

Detailed Solution Overview:

CentraMed Performance is a powerful business intelligence solution built specifically for hospital financial management. In particular, Performance is designed to help your facility or system better manage the complex processes and disparate data that make up a Healthcare Revenue Cycle. Delivered 100% via the web, it combines pre-built performance dashboards for the revenue cycle and includes a consulting component, if desired, wherein revenue cycle professionals provide meaningful insight and action items on how you can increase your net revenue.

Performance is a Software as a Service (SaaS) analytics platform developed by CentraMed to support a facility or system’s revenue cycle management initiatives. Developed in conjunction with leading hospital systems, this innovative and powerful solution transforms your unstructured revenue cycle data and makes it actionable. Standard dashboards by area of focus such as DNFB, A/R, and Denials assist your revenue team in making the right decisions about actions to take to ensure your financial performance is at its peak.

Powerful visual dashboards enable users to spot trends quickly. Drill-down capabilities and pre-defined drill-paths enable users to truly dialog with the data across all available revenue cycle systems. In addition, users can quickly export important information to PDF or Excel for further analysis or simple distribution. The solution also allows users the ability to easily create ad hoc charts, reports, and dashboards using simple drag and drop functionality that can be scheduled for distribution to key revenue cycle staff on a regular basis.

Bottom Line:

CentraMed Performance is a web-based business intelligence solution that allows healthcare providers to better manage their revenue cycle and typically results in a 1-2% increase in net revenue. The solution further highlights process improvement opportunities that will fix identified workflow problems resulting in additional cash flow and net revenue.

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