Financial Analytics
Provide a holistic and real-time view of the financial status of the healthcare organization. Identify cost patterns and budget utilization for patient care.
Problem Statement
Owing to the lack of real-time view of the financial data, there is an increased delay in the billing and insurance cycle. Advanced financial analytics has many advantages including – early detection of fraud and abuse, prevent errors in billing and will help in risk-based reimbursements.
This platform also supports patient centric immutable health record to access complete clinical history of the patient anywhere in the world to support personalized and real-time evidence based medicine / treatment. This system also supports to join the participants of healthcare spectrum like Patients, Hospitals, Life science agencies , independent service providers, device manufacturers, pharmaceuticals, insurers and government agencies to provide effective and coordinated care
FACT SHEET
$4.9 million
average revenue lose per US hospital due to denials
$118
spend roughly per claim on appeals as much as $8.6 billion in administrative costs nationwide
63%
percent of denied claims are recoverable on average
90% More
Hospitals Write Off Claim Denials. Costing up to $3.5M
BENEFITS
- Revenue cycle management
- Fraud detection
- Risk adjustment
- Claims processing
- Faster payment and reimbursements
- Reduction in financial wastage and abuse
Our Features
- Secure and immutable and completely auditable HIE
- Helps to eliminate 3rd party HIE vendors
- Complete immutable Patient centric Health records
- A platform to participate secure HIE for advancing Clinical analytics and research
