CHICAGO--(MethodCare, Inc., a leading provider of healthcare predictive analytics software and services, announces today that Rush University Medical Center selected MethodCare’s Charge Recovery Solution to proactively prevent charge capture leakage and optimize workflow to yield greater revenue.)--
“Rush financial executives understand that the same rationale clinicians have for providing state-of-the-art care applies to the revenue cycle—the latest and most proven technological innovation, like data mining, can yield the best results.”
Rush represents a fast growing number of providers who are replacing off-the-shelf revenue cycle tools with MethodCare’s cloud-based, predictive analytics solutions. Rush is implementing MethodCare’s Charge Recovery Solution, which uses data mining algorithms to analyze Rush’s HIS and EMR data. The algorithms uncover charging practices unique to Rush and identify anomalies at the charge-line item level to flag the greatest opportunity to capture missed charges. Intelligent work queues prioritize accounts with the highest value to expedite follow up processes.
“We are confident that MethodCare’s Charge Recovery Solution can help us secure the greatest revenue potential from missed charges, which we in turn can reinvest in our patient care,” said Charles Behl, Vice President, Revenue Cycle, Rush University Medical Center. “MethodCare’s cloud-based solution doesn’t require any additional hardware, software or IT support, which is a tremendous savings in both time and resources.”
MethodCare’s Charge Recovery Solution also includes a robust suite of advanced charge recovery dashboards and reports to provide Rush with the analytics in real-time to help make proactive, sustainable improvements and continue its endeavors to remain at the forefront of revenue cycle management.
"MethodCare is excited to partner with Rush, an award winning health system, to provide our solutions to maximize revenue,” said Jeff Kaplan, Chief Executive Officer, MethodCare. “Rush financial executives understand that the same rationale clinicians have for providing state-of-the-art care applies to the revenue cycle—the latest and most proven technological innovation, like data mining, can yield the best results.”
Rush is a nationally recognized not-for-profit academic medical center, based in Chicago, comprised of Rush University Medical Center, Rush University, Rush Oak Park Hospital and Rush Health. Rush earned national rankings in 11 of 16 specialty areas in U.S. News & World Report's 2012-13 America's Best Hospitals issue.
MethodCare is the leader in data mining software and services for hospitals. MethodCare detects anomalies and extracts trends in patient billing and clinical data to identify lost revenue, improve cash flow, and increase patient safety. Its predictive analytics applies the science of advanced statistics and data mining through a cloud- based solution to flag errant accounts and claims with a greater degree of accuracy and automate manual processes. For more information, visit http://www.methodcare.com.