Artificial intelligence (AI) is a game-changer for the healthcare revenue cycle process. By leveraging solutions that incorporate AI, hospitals, health systems and physician practices can resolve accounts efficiently, accelerate revenue, reduce costs and stabilize finances.
Charlotte, NC – Meduit, one of the country’s top five healthcare revenue cycle management (RCM) solutions companies, announced today that Bronson Healthcare System has contracted with Meduit for revenue cycle management solutions that leverage artificial intelligence (AI). Meduit will provide its AI RCM expertise to resolve outstanding claims, determine eligibility and deliver documentation for Bronson Healthcare.
Bronson Healthcare is a not-for-profit, community-governed health system serving nine counties in southwest and south-central Michigan as well as northern Indiana. With more than 1,500 medical staff members and 837 licensed beds, Bronson offers a full range of services from primary care to advanced critical care in a dozen facilities across the area.
“We are delighted to be working with Meduit to support our revenue cycle goals,” said Ryan Horn, Vice President of Revenue Cycle at Bronson Healthcare. “Meduit’s ability to rectify any claims issues allows the Bronson team to focus our energy on investing in and continuing to deliver exceptional care experiences for the patients and families we serve.”
Meduit’s initial revenue cycle focus will center on resolving hospital and physician claims from payers.
“In 2020, Bronson faced a substantial number of claims being held up for eligibility-related issues and documentation requests,” said Jason Petrasich, Senior Vice President of AI for Meduit. “We expect that Meduit’s SARA Family of Web Bots will be able to quickly address and correct these denials as soon as they are received and that cash flow will be significantly accelerated.”
Meduit’s AI line helps providers resolve accounts, accelerate cash and support staffing efforts by applying automated technologies that fuel efficiencies and reduce cost.
Meduit’s SARA Family of Web Bots solves specific task problems for the hospital revenue cycle by leveraging AI and robotic process automation to reduce human touches, increase efficiency, lower costs while generating more cash.
Meduit is one of the nation’s top five revenue cycle solutions companies with decades of experience in the RCM arena, serving more than 850 hospitals and physician practices in 46 states. Meduit combines a state-of-the-art accounts receivable management model with advanced technologies and an experienced people-focused team that takes a compassionate and supportive approach to working with patients. Meduit significantly improves financial, operational and clinical performance, ensuring that healthcare organizations can dedicate their resources to providing more quality healthcare services to more patients. For more information, please visit www.meduitrcm.com.
Due to escalating unemployment associated with the COVID-19 pandemic, more patients have lost their employer-provided insurance, and providers are missing reimbursements from those patient accounts.
Topics: extended business office
Innovative solutions that leverage artificial intelligence (AI) are helping providers accelerate cash and resolve revenue cycle challenges. Learn more in Meduit’s third podcast: Employing Predictive Analytics to Work Smarter Revenue Cycle Management.
In this podcast Jason Petrasich, Senior Vice President of AI for Meduit, shares how AI technologies such as predictive analytics can help providers make more informed decisions.
Jason breaks down:
The coronavirus pandemic has challenged the healthcare industry in unanticipated and frankly unimaginable ways this year. As providers continue to stabilize their organizations, it is pretty clear that there is no going back to a pre-pandemic normal in terms of how they approach revenue cycle management.
At Meduit, we know that hospitals, health systems, and physician groups are up against unprecedented financial pressures from COVID-19. That is why we continue to innovate with revenue cycle solutions that help providers recover financially and accelerate cash.
The healthcare industry is still firmly in the grip of the global pandemic, which has touched every aspect of a hospital’s operation, including the revenue cycle. The Meduit team is here to help hospitals, health systems, and physician groups grapple with financial challenges and recovery in order to deliver excellence in patient care. To that end, Meduit is pleased to deliver the October edition of Meduit’s news magazine Cycle Up.
Topics: Cycle Up
Charlotte, NC – Meduit, one of the country’s top five healthcare revenue cycle management (RCM) solutions companies, announced today the launch of Meduit One – the new revenue cycle solution self-driven automatic “app” powered by Meduit’s ground-breaking technology. The Meduit One “app” is designed to accelerate cash for healthcare-related individual and small group practitioners efficiently and conveniently.
Topics: Meduit One