MedEvolve Experiences Rapid Growth with RCM Services Clients
2024年7月30日 - 10:07PM
ビジネスワイヤ(英語)
Five new RCM companies select MedEvolve’s
data-driven workflow automation and intelligent analytics
solutions
MedEvolve, Inc., a leading provider of workflow automation,
intelligent analytics and accountability systems that help
healthcare organizations increase capacity for staff, today
announced the addition of five new revenue cycle management (RCM)
services companies to its growing client base. RCM360, Pettigrew
Healthcare Profitability Solutions, Future Care Consultants, Health
Care Practice Management (HCPM) and Quantix Corp. have selected
MedEvolve’s workflow automation and intelligent analytics, which
provide real-time insights into each group’s people and
processes—ultimately improving labor capacity and reducing
administrative costs associated with the reimbursement of medical
claims.
Growing interest from RCM services companies in MedEvolve
solutions comes at a time when the ability to scale operations to
support their client needs is necessary for future sustainability
and positioning. Amid higher costs, declining reimbursements and
increased industry consolidation, RCM services companies face
significant pressure to speed collections for clients and optimize
the effectiveness of staff to remain competitive.
RCM360 entered a partnership with MedEvolve in response to rapid
growth and an effort to reduce dependence on offshore resources.
The company added on MedEvolve’s Effective Intelligence solutions
to gain visibility into day-to-day effectiveness of staff members,
identify performance improvement opportunities and improve overall
RCM metrics.
“We are looking forward to working with MedEvolve to help our
staff prioritize billing functions around the actions that will
produce the most ROI, while providing managers with the insights
needed to understand where shortfalls are originating,” said Carey
Brooks, RCM Manager at RCM360. “We are confident the partnership
will prove to be very advantageous, allowing us to streamline
processes where people need to get involved, and position for
future growth within the framework of our existing staff
resources.”
Adds Emily Osetek, president and CEO of Pettigrew, “We partnered
with MedEvolve to help us deploy lean workforce principles,
automation and advanced technology to create room for staff to work
smarter across our 50-plus clients. By gaining insight into every
action and unit of work, we will be able to increase the
effectiveness of our remote billing team. We are confident
MedEvolve’s workforce automation solutions will lay a foundation
for growth without the need to increase staffing— which will
ultimately reduce collection costs and improve satisfaction of both
our clients and employees.”
Future Care Consultants, a leading healthcare management company
servicing hundreds of clients nationwide also signed on with
MedEvolve. According to Abe Kravitz, Executive Vice President of
RCM at FCC, “In today’s challenging billing and staffing climate,
technology-backed revenue cycle processes that streamline workflows
are critical to growth and sustainability. After years of managing
staff worklists in spreadsheets, we are excited to leverage
MedEvolve workflow software to automatically prioritize workloads
based on the criteria we set. We now have visibility into staff
productivity and the results of the work they’re doing every day.”
Looking ahead, FCC is already collaborating with MedEvolve to
explore generative AI solutions to better inform the workflows and
develop RPA solutions to automate repetitive manual tasks.
Delaware-based Health Care Practice Management, Inc, established
its partnership with MedEvolve in early 2024 to gain insights that
will help leadership better determine the true staffing needs of
their growing client base of 50-plus provider organizations.
“Without insights into staff work and performance, it has been
difficult to pinpoint the ‘real’ number of team members needed to
get the job done when resources are used effectively,” said Cindy
Groux, CEO of HCPM. “With the addition of MedEvolve, instead of
throwing bodies at problems, we will be much more strategic with
hiring and be able to identify and incentivize top performers.”
Dr. Bryan Mohr, CEO with Quantix noted that the organization
made the choice for MedEvolve solutions to achieve a holistic view
of the billing processes across all their client organizations.
“The visibility that MedEvolve gives us has been a game changer in
terms of understanding our opportunities to reduce manual work
effort and improve processes,” Bryan said. “We know how to be more
effective now, which naturally puts us in a better position to
improve revenue for our clients.”
“The ability to monitor and measure staff effectiveness and
every unit of work is a competitive game changer in the current
financial climate where reducing cost to collect and having total
transparency into every dollar in the revenue cycle are keys to
maintaining profitability,” said Matt Seefeld, EVP and CCO of
MedEvolve. “With new generative AI and machine learning technology
on the horizon for MedEvolve, we will have the ability to empower
these groups to increase staff capacity even further in the very
near future. We are honored to have gained the trust of each of
these innovative organizations and look forward to helping them
regain lost margin.”
About MedEvolve
MedEvolve empowers healthcare organizations with award-winning
Effective Intelligence (Ei) solutions. MedEvolve’s Ei solutions
include workforce automation and intelligent analytics designed to
optimize the entire revenue cycle process from financial clearance
to medical billing. These solutions reduce manual work effort and
ensure maximum efficiency with complete oversight and reporting on
every step. MedEvolve integrates with any PM/EHR system providing
unmatched transparency, automation and accountability in the
revenue cycle. Additionally, effective intelligence solutions
enable a remote workforce with task management, performance
tracking and virtual communication tools. Increase margin, improve
net collection rate and reduce overhead costs with effective
intelligence from MedEvolve. For more information, visit
www.medevolve.com.
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Ashley Deitsch MedEvolve Ashley.Deitsch@medevolve.com