EMERYVILLE, Calif., Oct. 3, 2012 /PRNewswire/ -- MedeAnalytics, a leading provider of healthcare performance management solutions, today announced its latest release of the company's Patient Access Intelligence solution, which streamlines the front-end registration and financial clearance process for healthcare providers. The release incorporates client input and reflects the company's strategic intent to address the entire revenue cycle of patient financial care, from registration to billing.
"Focusing on just one part of the revenue cycle is not enough," says Jon Giese, vice president and chief financial officer of Simi Valley Hospital. "Breaking down the silos around both ends of the revenue cycle is an imperative for provider organizations striving to optimize their financial performance. MedeAnalytics is leading the charge in the patient access marketplace by providing tools to manage the entire account lifecycle, front to back."
This latest version of Patient Access Intelligence includes two exceptional features that were designed to address some of the most pressing challenges faced by patient access professionals today:
Registration Monitor detects critical registration errors in real time so that patient access staff can take corrective action, thereby improving accuracy and reducing denials at the back end.
Outstanding Balance Notification increases collection opportunities by making previous patient balances available to staff prior to and at the point of service.
Clients using MedeAnalytics' Patient Access Intelligence solution have experienced significant improvements in point-of-service cash collections and reductions in bad debt. The comprehensive solution includes many key components crucial to the patient access process, including patient payment estimation, charity care screening, financial counseling, demographic validation, insurance eligibility verification, registration error QA, Medicaid and Medicare eligibility screening, payment capture, outstanding balance collection, and registration reporting and analysis.
Founded in 1994, MedeAnalytics delivers performance management solutions across the healthcare system—including hospitals, physician practices and payers—to ensure accountability and improve financial, operational and clinical outcomes. For more information, visit www.medeanalytics.com.
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