Before partnering with Professional Medical Services, OSUWMC was facing two challenges: reducing their outstanding AR accounts and increasing reimbursements.
Do you use multiple data systems that can’t work together? Are you losing money because you don’t have direct access to accurate data? If so, you’re not alone. Messy data is damaging the revenue cycle for healthcare leaders everywhere, and it’s time to find solutions.
Value-based reimbursement complicates the revenue cycle, and organized data is key to staying on top as it becomes more prominent. When your data is out of your control, your health system and your patients lose money. If issues with disparate data systems and data silos threaten revenue cycle functionality, you can fight back with the productivity of your staff.
In 2010, the Department of Veterans Affairs (VA) implemented a groundbreaking healthcare technology tool specifically designed to let clients easily view and download their personal health information. This came in the form of a secure web portal called “Blue Button,” in reference to the blue-colored oval that users clicked to see their complete medical histories.
Now that the healthcare industry has largely made the transition to electronic health records (EHRs), most hospitals and independent providers have become inundated with massive amounts of data.
It’s one thing to be able to capture data, but quite another to derive meaningful information from it. Enter the healthcare analytics sector, which delivers crucial insights that can help organizations survive and thrive.