Upward Health, Automates Revenue Cycle Management (RCM)

Company Profile:

INDUSTRY: HealthTech

SOLUTION(S): RCM

LOCATION: New York, USA

EMPLOYEES: 201 – 500+

BUSINESS NEEDS​:

  • Streamline medical billing processes by implementing an RCM solution to handle claims, payments, and patient billing effectively.​
  • Automate workflows for claim processing, payment collection, and exception management.​
  • Provide detailed reports and dashboards for better insight into billing operations.​
  • Train internal staff to ensure smooth adoption of the new RCM solution.

SOLUTION IMPLEMENTED:

  • Configured Elixir RCM to automate claim processing for primary and secondary insurances, including claim modifiers and payments.​
  • Integrated patient responsibility calculations and set up patient payment collection flows.​
  • Built customized templates for patient statements, enabling batch processing and payment plan setup with email reminders.​
  • Created 10 automated flows for exception management and reporting, along with 15 reports and 5 dashboards to support RCM workflows.​
  • Conducted comprehensive training sessions to ensure successful adoption of the RCM system.

RESULTS​:

  • Increased Efficiency: Reduced claim processing and payment workflows by 35%, leading to faster revenue realization and reduced manual interventions.
  • Improved Accuracy: Achieved a 25% reduction in errors related to claims processing and payment handling.
  • Better Financial Insights: Enhanced visibility into billing operations with detailed aging reports and automated patient statements, improving decision-making.​
  • High User Adoption: Successfully trained staff, resulting in a 90% adoption rate of the new system within the first month of deployment.​
  • Streamlined Payments: Seamlessly integrated payment processing with Salesforce, improving patient satisfaction and collection efficiency.

Ready to get Started with your Elixir Implementation?

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