Charlotte, NC – Meduit, one of the top healthcare revenue cycle solutions companies in the nation, announced today that its Employee Satisfaction Score continues to rise. Since beginning Employee Satisfaction surveys in 2018, Meduit has seen a steady increase in its mean score from 3.61 (2018) to 4.1 (2022) on a 5-point scale. Meduit also realized a 2% increase in the number of employees rating the firm between 4 and 5 for overall satisfaction. (See Figure 1.)
Hospitals and health systems have lost significant revenue, including bad debt from Medicare accounts, because of the impact of the COVID-19 pandemic. While the Centers for Medicare and Medicaid Services (CMS) provide reimbursement for roughly $3.5B of unpaid deductible and coinsurance amounts per year to hospitals for Medicare bad debt, nearly every hospital in the U.S. has an average of over $1M in recoverable net revenue. Many organizations simply do not have the staff to identify and collect these missing dollars.
Meduit's SARA (Supervised Autonomous Revenue Associate) has worked more than 1 million hospital, health system and physician accounts since her launch. Just a few months ago, she achieved the goal of completing the work of more than 100 full-time employees, freeing staff to focus on more complex RCM challenges.
Meduit’s Net Promoter® Score (NPS) from our client surveys for 2022 is in. We are very pleased to report we’ve achieved a rating of 68, which is an increase of TEN points over 2021. To compare, other companies received these scores:
As we usher in a new year, it’s tempting to think last year's challenges will magically go away, and we can start with a clean slate. Unfortunately, three years of COVID-19 continue to impact hospitals, health systems and physician groups. In revenue cycle management, we expect that the healthcare industry will still be dealing with:
Approximately 5% of the patient population - or 3.8 million - drop from public coverage every month, resulting in $38 billion in uncompensated care in spite of the fact that more patient encounters qualify for reimbursement than ever before due to the passage of the Affordable Care Act (ACA). The states that have expanded Medicaid have made the greatest progress in increasing health coverage. In states that did not expand Medicaid, hospital closures have spiked, while states that have expanded Medicaid have seen their hospital closure rates decline.
Charlotte, NC – Meduit, a leading healthcare revenue cycle solutions company, announced today that JP Recovery Services (JPRS) has joined the Meduit organization. Together, the two companies will leverage their combined capabilities to provide a full spectrum of revenue cycle solutions to healthcare organizations in 48 states.
We are proud to announce that Lisa Keffer, Relationship Manager at Meduit, has been selected via vote to hold the position of Regional Executive for HFMA Region 9. This is a very high and honored position that comes after years of outstanding service and leadership. Lisa's three-year term begins June 2023.
Are self-service patient billing solutions the answer to maximizing revenue? Self-service vendors advertise that they are, but the reality is much different. Meduit's case study An Examination of Self-service Patient Billing Solutions takes a look at a 600+ bed health center with 26 locations across 25 counties in the Southwest to find out.
Is your hospital or health system missing revenue from Medicare, Medicare Advantage or uncompensated care reporting? Most healthcare organizations are, but don't have to be. F2 Healthcare (a Meduit company) can help your enterprise recover every dollar in these high-value, niche reimbursement areas.