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Revenue Cycle Analytics 2024
Helping Revenue Cycle Leaders Harness Data to Make Informed Decisions
Author
Dustin Cragun
Author
Jennifer Hickenlooper
Author
Jaren Day
For revenue cycle leaders, it is critical to stay on top of trends in payer interactions and identify opportunities to address billing and collection inefficiencies. All healthcare organizations use RCM analytics solutions—their EHR offering, a third-party solution, or a combination of both—to comprehensively understand their RCM practices and glean actionable insights that can optimize revenue and inform decisions. Drawing from the experience of organizations using third-party tools that ingest data from multiple disparate sources, this report provides insights into the performance of three different solutions.
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Key Findings:
- VisiQuate Consistently Drives Actionable Insights
- MedeAnalytics Highlighted for Usability, though Implementations/Upgrades Prove Challenging
- FinThrive Respondents Report Financial Improvements; Integration & Proactivity Could Be Improved
Writer
Sarah Hanson
Designer
Bronson Allgood
Project Manager
Sydney Toomer
This material is copyrighted. Any organization gaining unauthorized access to this report will be liable to compensate KLAS for the full retail price. Please see the KLAS DATA USE POLICY for information regarding use of this report. © 2024 KLAS Research, LLC. All Rights Reserved. NOTE: Performance scores may change significantly when including newly interviewed provider organizations, especially when added to a smaller sample size like in emerging markets with a small number of live clients. The findings presented are not meant to be conclusive data for an entire client base.