Healthcare industry is rapidly drifting from fee-from service model to value-based care model. This drift is challenging healthcare organizations to improve patient care while reducing costs. Revenue cycle management is the key for healthcare industry to regulate an efficient healthcare model.
A major hospital chain approached us to address the challenge of transition to a value-based model. Our team of experts in healthcare started working with the hospital to scan through its complete process from patient onboarding to determine patient balances and collect payments. Our healthcare experts and mentors worked along with one of our portfolio startups in revenue cycle management. We worked with the hospital for 2 months and installed complete revenue cycle management solution that included PMS/EMR System and RCM Process Implementation, Scheduling, Eligibility Verification, Medical Coding, Claims Submission, Accounts Receivable (A/R) Management, Credit Balance Resolution and Customer/Patient Access Solutions aided with Automation, Artificial Intelligence and Data Analytics mechanism.
• The solution was installed in all the locations of hospital chain.
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