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What is Vetriq?

Vetriq represents a cutting-edge solution designed to automate the revenue cycle processes within healthcare, particularly focusing on alleviating the burdensome manual tasks linked to payment posting, remittance processing, and financial reconciliation for healthcare providers. By optimizing the handling of Explanation of Benefits (EOB) documents, payer interactions, and bank lockbox transactions, it transforms incoming payment information into well-organized electronic records that can be easily incorporated into revenue cycle management systems. Instead of requiring a complete revamp of a healthcare facility's banking, lockbox services, or existing revenue cycle management infrastructure, Vetriq integrates effortlessly with current banking partners and practice management or EHR systems to enhance pre-existing workflows through automation. Its robust processing engine excels at converting paper EOBs into standardized electronic remittance formats such as 835, which significantly reduces the need for manual data entry and lightens the administrative burden. Ultimately, Vetriq not only boosts the efficiency and accuracy of financial operations for medical organizations but also allows them to preserve their established systems and collaborative relationships. This innovative approach helps healthcare providers focus more on patient care rather than being bogged down by administrative tasks.

What is MDaudit?

MDaudit represents a cutting-edge, cloud-based solution that integrates billing compliance, coding audits, and revenue integrity processes tailored for a range of healthcare organizations such as hospitals, surgical centers, and physician networks. The platform supports various types of audits, including scheduled, retrospective, risk-based, and those focused on denials. By automating the collection of data from pre-bill charges, claims, and remittance information, MDaudit effectively triggers audit workflows, detects anomalies and high-risk patterns, and provides real-time dashboards equipped with detailed analytics that help uncover the root causes of billing errors, denials, and revenue deficits. Notably, it features a “Denials Predictor” to validate claims prior to submission, alongside a “Revenue Optimizer” that supports continuous risk monitoring, both of which are crucial for organizations aiming to reduce claim denials, lower recoupments, and enhance revenue capture. Additionally, MDaudit simplifies the management of payer audits by offering a secure and centralized platform that streamlines the handling of external audit requests and facilitates the necessary documentation exchange, thus significantly boosting operational efficiency. The extensive capabilities of MDaudit ensure that healthcare providers are better equipped to uphold stringent standards of compliance and revenue management while adapting to the ever-evolving healthcare landscape. By integrating such advanced tools, MDaudit not only empowers healthcare entities to optimize their financial performance but also fosters a culture of accountability and transparency across operations.

Media

Media

Integrations Supported

Availity
Change Healthcare
NextGen
TriZetto
Waystar
XIFIN LIS
athenaOne
eClinicalWorks

Integrations Supported

API Availability

API Availability

Pricing Information

$22 per hour

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Online Training

Training Options

Documentation Hub
Online Training

Company Facts

Organization Name

Vetriq

Company Location

United States

Company Website

vetriq.com

Company Facts

Organization Name

MDaudit

Date Founded

1993

Company Location

United States

Company Website

mdaudit.com

Categories and Features

Categories and Features

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