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Upward Health, Automates Revenue Cycle Management (RCM)
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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?
Contact us for a Demo today and we will help you identify the Right Solution for your Healthcare Practice.
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