CHICAGO--(EON: Enhanced Online News)--MethodCare, Inc. announced today that Hendrick Medical Center of Abilene, Texas selected the company’s Charge Integrity Solution to improve accuracies and efficiencies around charge capture using advanced data analytics.
“We are excited to collaborate with Hendrick Medical Center on charge integrity because they understand that advanced analytics technology can provide the greatest breath and depth of analysis, and therefore, the greatest potential for revenue”
Hendrick joins a growing number of hospitals nationwide that are adopting MethodCare’s customized data analytics solutions and smart workflow to optimize the revenue cycle. MethodCare’s Charge Integrity Solution uses proven predictive analytics technology to proactively prevent charge capture leakage, resolve process inefficiencies, improve coding compliance, and ensure the complete integrity of all inpatient and outpatient accounts in one easy-to-use solution.
“We chose MethodCare’s proven predictive analytics because the technology can greatly expand our opportunity for revenue capture by delivering the intelligence to target high-value accounts, identify charging anomalies and make proactive improvements,” said Michael Reppart, Director of Business Services, Hendrick Medical Center. “The Solution also seamlessly integrates with and builds upon our existing technology upgrades without requiring any additional resources.”
MethodCare’s data analytics solution analyzes every element on an account and provides the advanced workflow to pinpoint and fix breakdowns from misinterpretation of an operative report, identification of a missed charge, detection of a bundling issue, and missed diagnosis that results in lower reimbursement.
“We are excited to collaborate with Hendrick Medical Center on charge integrity because they understand that advanced analytics technology can provide the greatest breath and depth of analysis, and therefore, the greatest potential for revenue,” said Jeff Kaplan, Chief Executive Officer, MethodCare. “We look forward to helping Hendrick achieve improved financial performance so they can continue to deliver the highest quality patient care.”
Based in Abilene, Texas, Hendrick Medical Center serves 22 counties in the Texas Midwest. The healthcare system includes a 300-bed medical center as well as a women’s center, rehabilitation hospital, cancer center and numerous other innovative services. Hendrick Medical Center is one of only three organizations worldwide to be honored with the 2012 Gallup Great Workplace Award for seven years in a row.
About MethodCare, Inc.:
MethodCare, Inc. is the leading provider of Big Data analytics to help healthcare organizations achieve financial and clinical excellence. Our cloud solutions provide the platform for data integration of all patient accounting and clinical systems, and the advanced analytics to extract actionable insights that improve the revenue cycle and support population health management. MethodCare’s robust workflow and real-time predictive modeling improves patient access, charge integrity, reimbursement, and accurately estimates the health and financial risk of patient populations. Our data-driven method delivers greater revenue, reduces costs and arms healthcare providers with the intelligence to make strategic, proactive decisions that lead to greater value care.