We have more than two decades of experience, and we identified more than 250 ways things can go wrong in a practice and cause revenue integrity issues. To create lasting measurable change, you need to address what is broken and implement preventative measures to address recurring issues. But first you need to understand what is causing the problems. Synergy Revenue Integrity starts with a detailed business intelligence scan of your practice for the previous year.
GETTING TO THE ROOT PROBLEM
What’s keeping you up at night?
- Besides your aging reports, what are you using to manage revenue integrity in your group?
- Do you know exactly how much revenue you are losing by procedure, by provider due to underpayments and denials?
- Do you know what is causing revenue leakage in your medical group?
- Do you know where in the revenue cycle process the leakage is occurring?
- Do you have a clear and measurable visibility into the processes you are using to manage revenue integrity?
- Are you confident that your resources are optimally deployed to produce the best financial performance for your group?
What is business intelligence?
“Business intelligence (BI) comprises the strategies and technologies used by enterprises for the data analysis of business information. BI technologies provide historical, current, and predictive views of business operations. Common functions of business intelligence technologies include reporting, online analytical processing, analytics, dashboard development, data mining, process mining, complex event processing, business performance management, benchmarking, text mining, predictive analytics, and prescriptive analytics. BI technologies can handle large amounts of structured and sometimes unstructured data to help identify, develop, and otherwise create new strategic business opportunities. They aim to allow for the easy interpretation of these big data. Identifying new opportunities and implementing an effective strategy based on insights can provide businesses with a competitive market advantage and long-term stability.”
Source: Wikipedia – Business Intelligence
COLLABORATIVE TOOLS
Our business intelligence capabilities help identify the root causes of problems by evaluating historical data and trends. We look at what has happened, and we compare it to what is currently happening.
Dashboards and benchmarks help everyone see how they contribute to the revenue integrity of the organization.