Revenue Service Analytics
Healthcare providers can greatly benefit from adopting data analytics to assist in the development of key performance indicators (KPIs) related to billing and revenue cycle.
By utilizing our advanced data analytics service, we help healthcare providers get better insights into the financial aspects of their practice and uncover trends and pinpoint issues that are affecting their financial health .
Click below on the areas of your practice to learn more on where we can help you with our analytical abilities
One of the key components of running a successful business is effectively managing your accounts receivable. It’s important to keep a close eye on the performance of your Accounts Receivable KPI’s to identify any potential deficiencies or inefficiencies in your collection process.
By taking the time to analytically reviewing this information, we help you
- Uncover valuable insights that will help you to streamline your operations, improve your collection efforts, and ultimately maximize your cash flow.
- Monitor your performance metrics to keep you on top of any issues as they arise and take proactive measures to address them before they become major problems.
- Regularly review your KPI’s will to stay informed and make informed decisions about the direction of your business, allowing you to make effective changes as needed to maintain your competitive edge.
Healthcare providers can greatly benefit from adopting data analytics to assist in the development of key performance indicators (KPIs) related to claim denial. By utilizing our advanced data analytics service, we help healthcare providers get better insights into claim processing and identify the root causes of claim denials. By analyzing claim data, healthcare providers can uncover trends and pinpoint issues that are leading to claim denials.
By availing our analytical service, we breakdown your denials and provide you with insights into
- Root cause
- Outliers and anomalies
- Frequencies and repeated denials
- Strategies and operational guidance to eliminate the soft claims altogether!
It’s important for hospitals and clinics to manage their revenue cycle well to make enough money. This means making sure you get paid correctly for the services you provide and being open about how you bill patients. Knowing the right numbers to track can make you more efficient and help you reach your goals.
We uncover your revenue cycle performance and give you an analytical insight into all relevant KPIs including
- Average days in A/R (including 0-60%)
- Bad Debt Rate
- Cash Collections Rate
- Charge Lag
- Clean claims rate or first acceptance Rate
- Cost to Collect
- Discharged Not Final Billed
- Discharged Not Submitted to Payer
- Denied Claims Rate
- First Pass Yield
- Gross Collection Rate
- Net Collection Rate (NCR)
- Payment Accuracy
- Patient Payment Collection Rate
- Patient Schedule Occupied Rate
- Point-of-Service and Upfront Collection Rate
- Resolve Rate
- Revenue per Patient
- Revenue Realization Rate (RRR)
avail the benefits
We have helped transform the financial performance for multiple medical practices across the US.
With our Revenue Analytics Service you can expect to
Take Informed Decision affecting your revenue cycle
Set growth targets in line with industry trends
Save time for more patient care by passing the administrative hassle to us
Witness a marked improvement in your collections to maximize revenue
Reduce administrative burden to maintain a sustainable revenue cycle management
Speak with our representatives today and discover the difference we can make for you.
Services
100% HIPAA Compliant
Support
24/7 Quality Support
Accuracy
98% Clean Submissions
Success
99% Client Retention
Explore more from
Our full suit of revenue cycle management services
Credentialing
Ease the complexities of provider credentialing. Our experts manage initial applications, renewals, and verifications, ensuring your practice stays ahead of potential reimbursement roadblocks.
Medical Coding, Billing Documentation and Account Receivable Management
Every procedure and diagnosis is coded correctly, leading to accurate claim creation and submission thereby compensating your practice timely and accurately for every service rendered.
Demographics, Eligibility Verification and Prior Authorization
Our coherent demographics, eligibility verification & prior authorization procedures ensure seamless checks before administering services, thereby decreasing claim rejection probabilities.
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We are ready to welcome you aboard
When you decide to go with MAARS as your billing partner, you’ll receive more than just a service provider – you’ll have a partner that works to ensure the financial health of your practice.
Here are some benefits to look forward to:
- Increased Revenue
- Time and Resource Savings
- Improved Accuracy
- Compliance Assurance
- Peace of Mind