Welcome to Knowledge Base!

KB at your finger tips

This is one stop global knowledge base where you can learn about all the products, solutions and support features.

Categories
All

Products-MedeAnalytics

Maximizing Revenue Realization and Optimizing Cost of Care for Healthcare Providers

Challenges Faced by Healthcare Providers

Healthcare providers and health systems have been under immense pressure due to the pandemic, experiencing a significant reduction in revenue and a sharp increase in labor costs. Operating on thin margins, it is crucial for these organizations to maximize revenue realization and optimize the cost of care. In this challenging environment, actionable analytics and reporting play a pivotal role in helping organizations achieve financial and operational sustainability while delivering high-quality care. Providers need innovative solutions to tackle hurdles such as little visibility into A/R aging and denials, revenue losses from increasing self-pay accounts, changing regulations, revenue leakage, tracking revenue across multiple care settings, and lack of visibility into staff performance.

Success Stories with MedeAnalytics

MedeAnalytics has empowered healthcare providers and health systems to achieve remarkable performance improvements. For instance, Presbyterian Healthcare Services witnessed a substantial $3.4M value increment, resulting in a remarkable 344% ROI and a nine-month payback on their investment. Similarly, Wise Health System utilized real-time clinical and financial data to enhance performance, leading to a 34% increase in CMI and a 19% reduction in unspecified code usage. Oregon Health and Science University established a culture of trust, transparency, and analytics, leading to a 21% increase in CMI, a 5% improvement in CC/MCC capture rates, and a 159% increase in the average rate of return per CDI specialist. These success stories highlight the transformative impact of MedeAnalytics in enabling providers to optimize revenue and improve operational efficiency.

Comprehensive Support with MedeAnalytics

MedeAnalytics offers comprehensive support to providers by enhancing performance throughout the revenue cycle with robust, self-service analytics. With the ongoing challenges related to low margins, maximizing revenue realization, and optimizing cost of care remains a top priority. The data-driven insights provided by MedeAnalytics help organizations identify revenue cycle opportunities and make informed decisions to positively impact revenue while ensuring quality care for patients. The platform's single approach facilitates immediate visibility into revenue cycle opportunities and addresses critical challenges faced by providers, including A/R aging and denials, revenue losses from self-pay accounts, changing regulations, revenue leakage, revenue tracking across multiple care settings, and staff performance visibility.

Competitive Advantage with MedeAnalytics

MedeAnalytics offers healthcare providers a competitive advantage by complementing and augmenting their existing EHR systems. The platform's self-service analytics empower providers with rapid time-to-value, enabling managers and executives to make data-driven decisions effectively. The platform's unprecedented flexibility and data-agnostic nature provide users with the freedom to explore insights and opportunities in their data. MedeAnalytics acts as a reliable partner for healthcare providers, helping them navigate the complexities of revenue integrity, medical billing, and coding, and ultimately driving improved financial outcomes and operational efficiency.

Unlocking Healthcare Data Potential with MedeAnalytics

Revolutionizing Healthcare Data Management

In today's fast-paced healthcare industry, simply relying on reporting is no longer sufficient. Healthcare organizations need a deeper understanding of their data to drive actionable insights. MedeAnalytics offers a revolutionary approach to healthcare data management and analytics, leveraging advanced analytics and artificial intelligence (AI) to unlock the full potential of healthcare data. By combining cutting-edge technology with industry expertise, MedeAnalytics stands out in the healthcare data management landscape.

Read article

Empowering Employers with Data Insights: MedeAnalytics Employer Solutions

Challenges Faced by Employers and Brokers

In today's dynamic healthcare landscape, employers and brokers are confronted with numerous challenges. They often lack the necessary analysis and automation capabilities to fully understand and support their employee populations. Furthermore, the services provided can be inconsistent and insufficient, leading to disengaged and dissatisfied employers and brokers. Moreover, demonstrating the value and worth of a health plan to commercial accounts can be an uphill battle.

Read article

Revolutionize Healthcare with MedeAnalytics Integrated Analytics

The Power of Integrated Analytics in Healthcare Transformation

MedeAnalytics offers Integrated Analytics, a robust solution designed to quickly drive value in healthcare organizations. By utilizing a unified analytics framework, healthcare entities can access industry-tested solutions that provide a comprehensive view of clinical, financial, and operational data. This integrated approach allows organizations to uncover ROI-focused insights, leading to informed decision-making and improved outcomes.

Read article

Unlocking the Power of Data with MedeAnalytics Data Science Factory

Empowering Data-driven Decisions

In today's data-driven world, organizations are constantly seeking innovative solutions to extract valuable insights from their data. MedeAnalytics' Data Science Factory offers a comprehensive suite of tools and services designed to help you unlock the true potential of your data. With a focus on automation, anomaly detection, risk assessment, trend anticipation, and gap closure, Data Science Factory ensures that using complex data is simplified and accessible to all.

Read article

Empowering Employers to Take Control of Healthcare Costs with MedeAnalytics

Introduction to MedeAnalytics

MedeAnalytics offers a comprehensive platform designed to empower employers to take control of their healthcare costs. In today's landscape, healthcare spending is increasingly becoming a significant challenge for employers, with costs skyrocketing and transparency often lacking. MedeAnalytics aims to provide employers with the tools and insights needed to optimize employee care, control costs, and enhance benefits for all subpopulations.

Read article