Positive patient engagement impacts health outcomes and patient satisfaction as well as the cost of delivering care and the revenue cycle. Does your hospital, health system or physician group have a robust patient engagement strategy in place?
Charlotte, NC - Meduit, one of the country's top three healthcare revenue cycle management (RCM) solutions companies, announced today that Darrell Bryant has joined the company as Senior Vice President of Human Resources (HR). The addition of Mr. Bryant to Meduit's leadership team is indicative of the company's commitment to providing a strong sense of culture, innovation and teamwork throughout the organization, and to lean into the HR function to help power Meduit's extraordinary growth.
Hospitals and health systems often struggle with covering the full back-end of revenue cycle management (RCM). That is why Meduit has developed MedComplete - an efficient, cost-effective total solution that is customizable and provides superior financial results.
MedComplete is designed to fix specific holes or repair the entire revenue cycle if needed. By putting the back-end revenue cycle under one roof, MedComplete alleviates administrative burdens of hospital RCM leaders with a one-stop-shop solution.
MedComplete works in four steps:
Documenting a patient visit is a critical part of the healthcare provider's revenue cycle, and recording charts accurately is essential to correct reimbursements. According to one study, up to 90% of medical bills contain errors of one kind or another. Those errors are cumulatively estimated to be worth $750 billion a year.1
Staffing shortages often mean that hospital and health system accounts go untouched and unresolved for too long. Over time, those accounts become less collectible and eventually will be written off to bad debt. While it may seem logical to outsource to vendors charging the lowest fees for resolving aged accounts, this strategy fails to drive higher recoveries and associated revenues when compared with the cost of outsourcing.
Does your hospital or health system struggle with covering the entire back-end of RCM efficiently and cost-effectively? Assigning the work to internal staff can sideline needed resources that could be allocated to patient care, but outsourcing those tasks to more than one vendor can be inefficient and hinder communications.
There is a backlog of reimbursements for COVID-19-related testing, diagnoses, vaccine administration and treatment for hospitals and health systems across the industry. Thanks to our SARA artificial intelligence solution, Meduit is doing something about it. It's an example of how Meduit delivers solutions on the leading edge of healthcare RCM, even during a pandemic.
Two years of COVID-19 have tested our healthcare system like no other event in a century. Hospitals, health systems and physician groups have sacrificed to continue serving patients while dealing with the financial impact of the pandemic along with staff challenges and burnout.
Charlotte, NC - Meduit, one of the top three healthcare revenue cycle solutions companies in the nation, announced today that F2 Healthcare has joined the Meduit organization. Together, the two companies will leverage their combined capabilities to provide a full spectrum of revenue cycle solutions, including Medicare bad debt recovery, to healthcare organizations in 47 states.
Topics: Press Release
How employees perceive their work environment is essential to their feelings of being valued on the job. Meduit's Employee Engagement Survey results are in, and we are pleased to report that our employees gave Meduit a satisfaction score of 78%. To put this perspective, employee satisfaction scores average 50% in companies across the nation.