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What is Quanum RCM?

Quanum Revenue Cycle Management (RCM) offers a thorough strategy for managing the financial dimensions of healthcare practices with the goal of increasing revenue. Created by Quest Diagnostics, a well-known provider in pre-employment drug testing and risk evaluation for life insurance firms, Quanum RCM features a complete medical billing system that handles various tasks, from submitting billing claims to addressing denials, while also providing further assistance with billing-related activities. This innovative solution seeks to optimize operational efficiency and improve the financial well-being of healthcare institutions. By integrating advanced tools and resources, it empowers medical facilities to navigate complex billing processes more effectively.

What is Experian Health?

The patient access process is crucial for establishing the entire revenue cycle management within the healthcare sector. By ensuring the accuracy of patient information from the beginning, healthcare providers can significantly reduce errors that frequently result in increased workload for administrative teams. Notably, a substantial 10 to 20 percent of a healthcare system's income is allocated to resolving denied claims, with an alarming 30 to 50 percent of these denials arising from the initial patient access stage. Shifting towards an automated, data-driven workflow not only reduces the likelihood of claim denials but also improves access to patient care, facilitated by capabilities like 24/7 online scheduling. Additionally, refining patient access can be achieved by optimizing billing procedures through real-time eligibility verification, which equips patients with accurate cost estimates during the registration process. Moreover, enhancing the precision of registration not only boosts staff productivity but also allows for the quick correction of discrepancies, thus averting costly claim denials and the necessity for further administrative adjustments. In the end, concentrating on these aspects not only protects revenue but also significantly enriches the overall experience for patients, making healthcare more effective and accessible for everyone involved.

Media

Media

Integrations Supported

Ephesoft

Integrations Supported

ABLE Platform

API Availability

API Availability

Pricing Information

Pricing not provided
Free Version
Free Trial Offered?

Pricing Information

Pricing not provided

Supported Platforms

SaaS
Android
iPhone
iPad

Supported Platforms

SaaS

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars

Company Facts

Organization Name

Quest Diagnostics

Date Founded

1991

Company Location

United States

Company Website

www.questdiagnostics.com

Company Facts

Organization Name

Experian Health

Date Founded

1994

Company Location

United States

Company Website

www.experian.com/healthcare/products/patient-access-registration

Categories and Features

Medical Billing

Claims Processing
Claims Scrubbing
Code & Charge Entry
Compliance Tracking
Customizable Dashboard
Dunning Management
Invoice History
Patient Eligibility Checks
Practice Management
Quotes/Estimates
Remittance Advice

Categories and Features

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