Fully Integrate and Automate Your Revenue Cycle Management
The right technology can improve collaboration between your providers and your revenue cycle staff thereby facilitating the flow of revenue across the business. RevMAX™ increases coordination and the level of communication between coding/HIM and providers and streamlines the relationship between providers and the revenue cycle. The result is fewer denials, better accounts receivable, and optimized revenues.
This ED focused, independent physician group deployed RevMAX to:
Reduce front-end denials
Enable self-service business intelligence insights
Leverage machine learning insights to re-engineer processes across the revenue cycle
This resulted in:
6.2% increase in collections
10% improvement in days in AR
We hit our RVU goal too! We were 17% above goal even with this Covid-19 crisis. Please let your team know we appreciate the feedback and help.
— Emergency Department Chairman
Large County Owned Community Hospital in the Mid-South
RevMAX Key Features
RevMAX
Approach
Full continuum RCM and denials management excellence.
RevMAX
Self-Service Portal with Actionable Insights
Business intelligence, denial predications, and workflow all-in-one place.
RevMAX
ML Based Denials Predictions with Reason Codes
Summary of top impactors along with detailed encounter-level feedback that can be acted upon even prior to claims submission.
Closing the Gap
RevMAX is a fully integrated, automated, predictive analytics-based revenue cycle management (RCM) solution that maximizes revenue capture and reduces manual touches.
RevMAX takes practice management system (PMS) and electronic health record (EHR) data, applies machine learning technology and predictive algorithms to improve outcomes across:
Patient eligibility, pre-authorization, and collections
Denials prevention and denials management
Account receivable management
RevMAX delivers solutions spanning both the front end and the back end revenue cycle. Using rules-based and Machine Learning (ML) based engine, RevMAX is able to drive action, route documents, reduce manual touches, and maximize revenue capture. Emphasis is made on denial prevention, eligibility verification and search, medical necessity checks, documentation improvement and aggressive inventory management to reduce leakage and reduce bad debt expense.
RevMAX is unique because of the Machine Learning (ML) driven denials prevention capabilities.
As an RCM company, we believe in not only managing AR and denials at the back end but also a on the front end to prevent denials and increase time of service collections.
The self-service BI tool that is part of our RevMAX platform enables our clients to “slice and dice” the data in insightful, meaningful ways that are far superior to traditional standardized reporting provided by most RCM companies.
RevMAX goes beyond other RCM solutions because it:
Identifies potential denials upfront even before claim submission
Prioritizes and streamlines the work queue for claims resubmission
Informs upstream process changes to prevent future denials