Empowers providers with rare insight to improve net revenue across the patient continuum of care.
Cost to Cash Analytics Solutions
Enterprise class patient centric Cost-2-Cash Analytics will provide cost, charge and cash for every visit and empowers providers with rare insight to improve net revenue across the patient continuum of care
The CentraMed Cost-2-Cash Analytics solution provides cost, charge, cash, and denials at an individual visit level. Empowered with this rare actionable insight on a net revenue per visit, Providers can address issues at every touch point of the patient life cycle from cost of supplies, drugs, coding, billing, charges, to denials and adjustments. Profitable departments, case types, and physicians can be identified as well as areas of improvement to improve the bottom line while maintaining the same quality of care.
Cost-2-Cash Analytics addresses a tough challenge faced by providers – what’s the cost of care per visit and how can we improve the net revenue with the same level of care? With proprietary technology, CentraMed’s business intelligence platform gathers, normalizes and connects the data points across the entire patient life cycle from pre-patient care, patient care, care coordination, discharge, to billing and reimbursement and provides visit level analytics via easy-to-use pre-built dashboards, drill-down capabilities and on-the-fly reporting. Users can create custom dashboards as well as ad hoc reports with user friendly, simple drag and drop functions, save for future use and share with peers with notes. This pre-built and ad hoc reporting allows users access to multi-dimensional analytics as well as actionable information that can be used to make key business decisions.
The Cost-2-Cash solution key facts:
- Connects the dots across the entire patient life cycle to provide integrated view – financial, clinical, and operational – of a patient visit
- Integrates pharmacy, and supply costs, charges, remittance, denials, and audits at a visit level.
- Creates a linear patient record across all care providers as a foundation for HIEs & ACOs and handles bundled payments
- Links Item Master with Charge Master and Remits to provide Cost, Charge, Cash @ Line Item Level per patient visit
- Aggregation at many levels – physician, department, procedure, location, time – with multi-dimensional analysis at any touch point of a patient visit
- Enables care coordination and connectivity between different phases of a care and departments
- Provides powerful insight on costs savings, revenue leakage and recovery opportunities
- Establishes a data-driven defensible pricing strategy based on acquisition costs
- Highlights Physician Preference Items & suggest “like” items, benchmarks for high cost supplies for cost savings and net revenue maximization
Cost-2-Cash Analytics provides hard to obtain insight on total cost of care and net revenue per visit leveraging proprietary analytics platform. With analytics across any touch point of a patient life cycle, Providers can optimize costs, improve efficiency, and maximize revenue.