Why do you need Business Intelligence Tools in your practice?
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Patient Personalization
With the help of Business Intelligence tools, software, and applications, patient data has become more accessible.
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Improving decision making
For identifying and analyzing numerous healthcare administration flaws and complexities, the need for BI software is increasing.
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Process Implementation
Utilizing BI tools to break down patient flow, improve persistent triage stream, and settle on improved choices dependent on the number of inhabitants in the healthcare association, emergency clinics will realize the perfect release times of a patient in this manner for optimal utilization of bed space.
Besides any emergency cases, the treatment of patients can be organized more precisely. Hence improving patient results while limiting expenses by giving the right treatment at the right time.
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Better Costs Allocation
Predictive modeling and data visualization are key segments in choosing the correct healthcare analytics tool for emergency clinics or hospitals.
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Claims Management
BI technology helps to screen and monitor cases for health insurance companies or medical coverage organizations. BI can help improve reaction times against claims.
Case Study
Multi-Office Cardiology Practice in Arizona
Problem
The client had problems with stable revenue. The costs were higher than revenue. Lack of appropriate training among personnel.
Solution
Getting claims paid by the insurance carriers using the appeals process and following up on denied claims.
Mentoring the personnel and troubleshooting patient concerns.
Lack of appropriate training among personnel.
Result
The monthly revenue for the client was averaging 4 million per month in receivables and charges of 6 to 8 million per month.
Increased the revenue significantly by 20%.
Case Study
Multi-Office Cardiology Practice in Arizona
Problem
Past due accounts, low revenue, delays in payments. No tax returns. Accounting functions for the company did not work the right way.
Solution
AR/ AP, invoicing clients, payroll using QuickBooks Payroll, Completion of all Federal and State mandated forms for quarterly reports and annual reconciliations. Prepare financial reports for the accountant to prepare tax returns.
Result
Pursued accounts with past due accounts and increased revenue by 25% due to diligence regarding proactive interfacing with the clients to get invoices paid in a timely manner.
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