Scheduling delays, lost referrals, poor experience Automation of referral management can increase conversion rates by 25-50%.
Patient access processes cause 50% of denials. Potential savings of $25 per reworked claim. $300k/year*
Coding errors are the cause of 15-20% of denials Automation can save over $60k/year** plus additional revenue capture. ** 5,000 claims per month
Missed charges cause revenue leakage. Pre-submission review to check for incomplete charge capture.
Manual claim status is both costly and can delay payments (up to 20 days) Reduce time in AR and increase cash flow.
Automation can cut costs by over $500,000 a year.*** ***$10M in rev.; 20% RCM costs
Labor intensive and error prone process. Savings could range from 30-50% of total costs associated with payment posting.
RCM departments spend ~40% of their time on data entry for reporting. Automated analytics can cut this time in half.
Automatically upload referrals from all sources into your EMR for scheduling.
Continuously monitor billing software for claims ready for submission.
Auto-submit based on criteria provided.
Segment and prioritize denials based on denial reasons, amount, and likelihood of appeal success.
Automatically discover and validate insurance pre-service.
Automated checking of claims against pre-configured and customizable rules.
Automatically monitor all claims for reimbursement and status changes.
Prepare appeals with missing documents for review and submission.
SCALE Brings a Unique Combination of Technology Solutions, Holistic Expertise and Reliable Processes
Category | Current Cost Example | Est. Savings | % of Total | Est. Additional Rev. Captured | ROI Impact |
---|---|---|---|---|---|
Patient Access | $150,000 | $30,000 - $50,000 | XX | $25,000 - $30,000 | Improved patient conversion, provider utilization, and labor savings |
Claim Preparation | $120,000 | $45,000 - $75,000 | XX | $7,500 - $12,500 | Reduced denials and faster payments |
Claim Submission | $95,000 | $40,000 - $45,000 | XX | - | Faster payment and reduction of costs related to manual work |
AR Management | $100,000 | $40,000 - $45,000 | XX | $32,500 - $37,500 | Increased collection efficiency |
Total | $465,000 | $155,000 - $215,000 | XX | $65,000 - $80,000 | Between $220,000 and $295,000 in increased cash flow due to automation |
SCALE Data Analytics provides value driven technology solutions that help organizations monetize value from their data.
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