Each year, Advocate Aurora achieves double-digit increases in patient collections by using Collections Optimization Manager.
Through an automated orders process, Aegis eliminated illegible testing requests and reduced attestation statements by 76%.
Implemented eCare NEXT to increase Point of Service collections and clean claim rates, as well as decrease denials and A/R days.
Realized a 60% increase in productivity, closing 120 accounts per day versus 40 with thier manual process.
Realized an ROI of more than $1 million per year by implementing Experian Health soluitions and decreased denial rates.
Expedited accounts receivable (A/R) by 13 percent and reduced full-time employee (FTE) requirements even as claims volume grew.
Recognized a 15% reduction in A/R days and volume. Decreased denials to achieve a 92% primary clean claim rate.
Collections Optimization Manager realized a 114% increase in collections by identifying accounts with high propensity to pay.
Realized a yearly savings of $840,000 due to a $70,000 reduction in monthly invoicing costs for patient statements.
Increased their receivables by more than $4 million; lifted collections by $3.1 million and identified $975,000 in Medicaid coverage.
Validating patient information and segmenting private-pay accounts, by payment likelihood, resulted in an increase of $1 million annually.
Collections Optimization Manager helped Sanford realize a total in-house patient collections lift of more than $40 million.
From 2015 to 2018, Saratoga Hospital increased cash collections by 400 percent with personalized Patient Estimates.
An automated, data-driven process increased patient collections and provides personalized patient estimates that are 80-90% accurate.
Reduced overall patient volume to its IT help desk by 25%. With password reset issues, that volume has decreased by 75%.
Decreased undeliverable return mail from 1,500 pieces per month to 150 pieces — a 90 percent reduction.