VIDEXA solutions
We connect people and health data from across disparate systems, creating insights to predict risk,
drive data-driven decisions, accelerate responses, and help drive better health outcomes.
From visualization to insight and action
Coming out of the pandemic, we learned that it has never been more critical to leverage your data in a transformational way. Reporting is not one size fits all. Sometimes you need to see your business at a high level, sometimes more granular. And sometimes, you need to get a holistic view of your business from all systems you use in your business. But always, you want to make sure you are getting the information you need in order to make the right decisions upon which you are able to action.
We understand “overload of information”. VIDEXA point solutions are developed with outcomes in mind and help shorten time to insights to support more intentional decision making and action. Our clients are Hospitals, Health Systems, and Physician Practices.
Revenue Cycle Insights KPIs
The Revenue Cycle Insights Solution leverages MAP Keys which are publicly available industry-standard metrics or KPIs used to track your organization’s revenue cycle performance using objective, consistent calculations.
Financial Management
- Net days in A/R
- Cash collections as a percentage of net patient service revenue
- Cost to collect
- Cost to collect by functional area
Claims
- Clean claim rate
- Late charges as a percentage of total charges
Pre-Billing
- Days in total discharged not final billed (DNFB)
- Days in final billed not submitted to payer (FBNS)
- Days in total discharged not submitted to payer (DNSP)
- Total charge lag days
Account Resolution
- Aged A/R as a percentage of total billed A/R
- Aged A/R as a percentage of total billed A/R by payer group
- Aged A/R as a percentage of total A/R
- Aged A/R as a percentage of A/R by payer group
- Remittance denial rate
- Denial write-offs as a percentage of net patient service revenue
- Bad debt
Patient Access
- Service authorization rate. Inpatient and / or observation
- Service authorization rate for outpatient encounters
- Conversion rate of uninsured patients to a third-party funding source
- Point-of-service cash collections
Artificial Intelligence (AI) and real-time data
are creating a new paradigm for healthcare
Data and AI are enabling more predictive and prescriptive analytical approaches to healthcare. In practical terms, this means that AI is providing the capability to sense the healthcare world, comprehend, act, and learn. AI uses machine learning and delivers capabilities to mimic human types of behavior and performance to ultimately improve outcomes. AI systems gather and crunch massive amounts of data in real time to identify patterns. They then use that information to automate and streamline healthcare revenue cycle processes. Healthcare leaders can take advantage of AI tools to empower care teams, engage patients, optimize clinical and operational effectiveness, and ultimately transform healthcare.
Revenue Cycle Insights transforms cluttered data into real-time actionable insights
Following are some scenarios in which Revenue Cycle Insights is already delivering value. They exemplify opportunities to improve operational effectiveness in healthcare organizations.
Gain actionable insights to optimize performance with operational analytics
Operational analytics focuses on the use of data and analytics to improve the efficiency or effectiveness of systems used to provide and manage care processes.
By using artificial intelligence, healthcare teams can predict operational issues, track safety metrics, maintain the integrity of the supply chain, and identify fraud.
VIDEXA can help
VIDEXA brings disparate healthcare data sets together
into one consolidated environment.
