Home Health Financial Management: Revenue Intelligence
As money gets tight, your focus shifts to bringing money in the door. Revenue Intelligence is designed to help you maximize your Medicare revenue.
The power of Revenue Intelligence is that it looks at Medicare claims data in the aggregate. Typically, Home Health administrators have a plethora of reports that are available from their management software. While these are valuable in refining internal processes, they don’t examine claims data in the aggregate. Revenue Intelligence allows administrators and other managers to see their agencies in a whole new light. Having an aggregate view of claims data is a very powerful means of identifying hidden trends in revenue performance. You are not looking at individual patient charts; rather you are looking at all the episodes and services performed by all of your staff over the period.
Pulling claims data directly from your FI, Revenue Intelligence helps you:
- Manage patient acquisition and retention
- Identify lost revenue opportunities in your assessment process
- Instantly identify and address terminated claims
- Detect where your cash is being held up and why
- Recognize the timeliness of your claims along with your clean claim rate
Revenue Intelligence allows you to maximize your achievable revenue and minimize your audit exposure. For more information,
contact HEALTHCAREfirst today.