New COVID-19 cases nationwide have fallen to their lowest level since September, with approximately 38,000 additional infections recorded each day, according to the New York Times. The U.S. COVID-19 test positivity rate dropped to 3.6% in May (seven-day average reported by Johns Hopkins University). Now that we’re beginning to see the light at the end of the tunnel, we’re entering a new phase, focused on recovery.
Meduit has been out in local markets across the country (virtually and increasingly in person) taking the professional pulse of hospitals, health systems and large physician groups on the urgent RCM issues of our time. Clearly, top of mind is the financial recovery and the need to urgently improve cash flow and pave a resilient path forward.
Are They Really the Answer to Maximizing Revenue?
Avadyne Health, headquartered in Moline, IL, has joined forces with Meduit. Established nearly 50 years ago, Avadyne Health delivers expertise in patient payment and financial engagement with a complete solution that addresses the needs of patients. They can scale self-pay account resolution and bad debt recovery services for multi-hospital networks to the largest health systems in the country. Prior to joining Meduit, Avadyne Health managed over $3 billion in placements, served over 5 million patients and collected over $1 billion in patient payments annually.
Have You Seen What SARA Can Do?
Meduit Teams Up with HFMA MI Great Lakes
A recent survey concluded that 83% of small physician practices with fewer than five doctors report that slow payment of accounts from high-deductible health plans is their biggest cash flow hurdle, as reported by Black Book. Can tech-powered RCM solutions help these smaller practices? Yes, they can.
COVID-19 has accelerated the trend toward outsourcing revenue cycle tasks, according to a recent report by Modern Healthcare. Outsourcing at the right time presents a proactive strategy to reduce costs and drive financial recovery.
At Meduit, our commitment to those we serve goes beyond the day-to-day of how we make a positive impact on the healthcare RCM continuum. Our team members seek out opportunities to support the communities where we live and work.
SARA – Meduit’s autonomous AI solution – was launched approximately one year ago. Since her birth, she has grown from one application to more than a dozen, and is learning new tasks every week. Her speed in machine learning and advancement is beyond what we ever expected to see, and she is driving measurable results. In one case study, SARA picked up the work of 10 employees for a single organization, quickly creating an annualized value of $500K.