Break down data siloes and gather dozens of data streams into a single manageable thread for reporting and analysis. Informative dashboards and drill-down reports deliver executive-level comparisons and trending analysis, and present opportunities for process improvement.
Organizations that want to improve their revenue cycle management performance must consider using advanced data analytics, or big data, to generate actionable insights to improve revenue cycle management performance. The most effective way to do that is displaying traditional and custom KPIs on a digital dashboard.
Revenue Cycle Analytics is a web-based business intelligence tool that utilizes Experian Health product data and other standard revenue cycle transaction data sets to offer actionable insight to optimize revenue cycle operational and financial performance. Revenue Cycle Analytics focuses on key areas such as billing efficiencies, reimbursements, payer performance and presents KPI data in several ways:
Where revenue cycle KPIs for the organization are at any point in time
How revenue cycle KPIs for the organization compare with industry benchmarks
How revenue cycle KPIs for the organization are trending over time and across the enterprise