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What is RevenueTrack?

Improve the recovery of revenue and increase operational efficiency by automating tasks associated with identification, invoicing, receivables, and delinquency management. Through the implementation of a robust automated cross-referencing system, paired with the software's ability to optimize workforce allocation, the City can successfully recover revenue that may have been previously ignored or improperly allocated. The RevenueTrack™ process ensures that accounts and revenue data are automatically logged, removing the need for extra data entry staff or burdening current employees with overtime to manage new accounts identified via RevenueTrack™. PSI offers its services at a competitive fee of 12.5% of the new benefits generated from RevenueTrack™, which is notably lower than the 20% to 25% fees charged by conventional auditing companies. Moreover, enhanced training for staff will support the efficient correction of discrepancies at the 12.5% rate, resulting in a rise in adjustments related to misallocated situs sales and use taxes. This efficient method not only reduces expenses but also allows the City to redirect its focus toward more strategic projects, ultimately fostering sustained growth and stability. By leveraging technology and training, the City can position itself for a brighter financial future.

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

Integrations Supported

ABLE Platform

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

Windows

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Webinars
On-Site Training

Training Options

Documentation Hub
Webinars

Company Facts

Organization Name

Progressive Solutions

Company Location

United States

Company Website

www.progressivesolutions.com/products/RevenueTrack/

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

Government

Not specified

Categories and Features

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