Peter Thrasher, MBA’s Post

Navigating reimbursement and financial risk in US healthcare is challenging, but Eternity Healthcare offers a complete RCM solution that turns challenges into opportunities. Here’s how we leverage data analytics to revolutionize your revenue cycle management: ⏩ Data-Driven Insights for Reimbursement Success 🔹98% accuracy in coding and claims processing. 🔹35% reduction in denials through advanced analytics and timely interventions. ⏩  Mitigating Financial Risk with Predictive Analytics 🔹40% improvement in financial forecasting accuracy. 🔹25% increase in revenue capture through proactive risk management. ⏩  Streamlined Workflows for Enhanced Efficiency 🔹50% faster billing processes with AI-driven automation. 🔹20% reduction in operational costs via precision-driven algorithms. ⏩  Elevating the Patient Experience 🔹30% boost in patient satisfaction with seamless billing and transparent communication. 🔹15% increase in patient retention rates by prioritizing patient-centric care. ⏩  Future-Ready RCM Solutions 🔹Continuous adaptation to 100% of regulatory changes. 🔹Cutting-edge technologies ensuring providers stay ahead in the evolving healthcare landscape. ✌Partner with Eternity Healthcare and pave the way for sustainable financial health and operational excellence. Transform reimbursement challenges into growth opportunities with our innovative, data-driven RCM solutions✌ #Healthcare #RCM #DataAnalytics #RevenueCycleManagement #EternityHealthcare #PatientExperience #FinancialHealth #Innovation

Lots of promise for AI to reduce costs and solve use cases. Do you think gen AI will struggle with the unstructured data in EMRs? They seem to have conflicting points of view in this article.

Meeting fiduciary responsibilities to member populations is an integral part of every Payer organization, so understanding how to adapt to rapidly changing regulatory and market pressures is critical. Payers need to be transparent in their decision-making and ensure that they leverage accurate data when selecting partners or making general decisions about spending plan assets.  Read our new blog article to learn how you can leverage new technology to access accurate, actionable data and streamline operations: https://lnkd.in/eJy4VAfs

Uncollected revenue can disrupt cash flow and affect profitability. Health systems nationwide saw an increase in delayed or missing payments last quarter, according to Strata. Our Complex Claims and A/R solutions tighten up the revenue cycle by identifying reimbursement gaps and recovering revenue for providers. Learn more at https://lnkd.in/eb2UNi6Y. #ElevateYourRCM #RCM #RevenueCycle #revenuecyclemanagement

🚀 The Future of Value-Based Care: Leveraging Financial Performance Analytics 📊💡 In the evolving landscape of value-based care (VBC), success hinges on one key factor: financial performance analytics. Why? Because achieving better health outcomes at reduced costs requires not only clinical excellence but also deep financial insights. 💼 Why Financial Performance Analytics Matter: Measure What Matters: Track and evaluate key metrics like total cost of care, shared savings, and risk adjustment to ensure financial sustainability. Identify Opportunities: Pinpoint inefficiencies and areas for improvement to drive value while minimizing waste. Optimize Contracts: Empower providers and payers with the tools to model and negotiate contracts that balance risks and rewards. Drive Collaboration: Enable data-driven discussions between payers, providers, and stakeholders to align incentives and improve outcomes. 🌟 At its core, financial performance analytics transforms raw data into actionable insights, enabling healthcare organizations to thrive in a VBC ecosystem. With the right analytics solutions, providers can go beyond managing risk—they can maximize opportunity. 💬 Let’s Discuss!: How is your organization leveraging financial performance analytics to excel in value-based care? What challenges and successes have you seen? Share your thoughts below! 👇 #ValueBasedCare #HealthcareInnovation #FinancialAnalytics #HealthTech

As healthcare organizations continue to face challenges in managing their revenue cycle, particularly in areas such as 90+ day AR and denial management, it is crucial for them to implement effective strategies to improve financial performance. With rising costs of employees, lower reimbursement rates, and staffing shortages, healthcare organizations are under increasing pressure to optimize their revenue cycle processes. By focusing on reducing AR days and minimizing denials, organizations can enhance cash flow and ensure timely reimbursement for services rendered. Effective denial management strategies, such as identifying root causes of denials, implementing proactive measures to prevent denials, and streamlining the appeals process, can help organizations reduce revenue leakage and improve overall financial performance. Furthermore, investing in technology solutions and automation tools can help streamline revenue cycle processes, improve efficiency, and enhance staff productivity. By leveraging data analytics and predictive modeling, organizations can identify trends, patterns, and opportunities for improvement in their revenue cycle operations. In today's challenging healthcare environment, organizations must prioritize revenue cycle management to ensure financial sustainability and success. By addressing issues such as 90+ day AR and denial management, healthcare organizations can optimize their revenue cycle processes and position themselves for long-term success. #revenuecyclemanagement #healthcare #denialmanagement #ARdays #financialperformance #staffingshortages #reimbursementrates

⭐ Five-Star Review Alert! ⭐ We’re thrilled to share a glowing review from Gartner Peer Insights! Wraparound payments ensure healthcare providers, especially in underserved areas, receive fair compensation. This reviewer praised Gaine Coperor for delivering clean, accurate data that makes these payments possible. Read the full review here: https://buff.ly/3Bv1fm8 #HealthDataManagement #hdmp #GartnerPeerInsights #Coperor

Healthcare providers face the challenge of delivering high-quality care while managing costs. KPMG US’ #insights shed light on this value management paradox and offer strategies to address it effectively. Here’s what I found to be the most notable takeaways: - 𝗥𝗶𝘀𝗶𝗻𝗴 𝗖𝗼𝘀𝘁𝘀: Healthcare spending continues to escalate, yet many organizations struggle to deliver consistent value. - 𝗔𝗹𝗶𝗴𝗻𝗺𝗲𝗻𝘁: Aligning cost management with patient outcomes is crucial for effective #value management. - 𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻: Advanced technologies and data #analytics drive efficiency and improve care quality. Healthcare providers must focus on strategies that enhance patient value while managing costs. Leveraging data analytics and embracing innovation can help them successfully navigate this paradox. Learn more about managing this healthcare paradox: https://lnkd.in/ePP3AY6K. #KPMGHCLS #Healthcare #ValueManagement #CostManagement #PatientCare #DataAnalytics #Innovation

Thorough claims data analysis is the key to unlocking significant savings on your company's health plan costs. However, a surface-level review of zip codes and geographic regions simply isn't enough to identify real opportunities for cost reduction. To truly understand your claims data and pinpoint areas for potential savings, it's essential to analyze the data using the Tax ID numbers of your healthcare providers. This comprehensive approach provides a detailed view of where your healthcare dollars are being spent. At J Arthur Dail, our experienced team excels in conducting in-depth claims data analyses. We work hand-in-hand with your TPA to examine your claims data, identifying areas where you could be saving hundreds of thousands annually. Connect with us on LinkedIn to discuss how our claims data analysis services can help you make informed decisions and optimize your healthcare spend. #claimsdataanalysis #healthplancosts #costsavings #employeebenefits

As we delve deeper into RCM analytics, it's clear that the ability to identify and address specific areas of improvement is transformative for healthcare organizations. Advanced RCM analytics offer real-time insights that empower you to tackle bottlenecks and inefficiencies head-on. One of the standout benefits of advanced RCM analytics is the ability to create custom, ad-hoc reports. These tailored reports provide in-depth analysis of specific areas, facilitating precise and strategic decision-making. Whether you're focusing on optimizing claim processing times or enhancing reimbursement rates, these reports give you the insights needed to drive significant improvements. This deeper understanding allows for targeted strategies to enhance workflow efficiency and streamline administrative processes, ultimately boosting your organization’s financial health. How have you used RCM analytics to drive improvements in your organization? Share your experiences in the comments below! #RCMAnalytics #HealthcareInnovation #StrategicImprovements #RevenueCycleOptimization #DataDrivenDecisions