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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 Solventum 360 Encompass System?

The Solventum™ 360 Encompass™ System represents a comprehensive, cloud-based solution designed to enhance revenue cycle management for healthcare organizations. This innovative system streamlines workflows for facility and professional services coding by integrating computer-assisted coding (CAC), clinical documentation integrity (CDI), and auditing functions in a seamless manner. By leveraging advanced artificial intelligence (AI), it automates the coding process, reducing the dependency on physical hardware and lowering overall ownership costs. In addition, it fosters collaboration among coding and CDI teams by dismantling silos and promoting a unified approach to clinical documentation. This flexibility enables healthcare entities to focus more acutely on achieving favorable business outcomes, thereby improving both efficiency and accuracy throughout the revenue cycle. The platform’s intuitive interface and powerful capabilities render it a vital asset for contemporary healthcare management, ensuring that organizations can adapt to the evolving landscape of the industry. With its emphasis on integration and user experience, the Solventum™ 360 Encompass™ System is poised to transform how healthcare providers navigate their financial 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
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Online Training

Training Options

Documentation Hub
Webinars
On-Site Training

Company Facts

Organization Name

Vetriq

Company Location

United States

Company Website

vetriq.com

Company Facts

Organization Name

Solventum

Company Location

United States

Company Website

www.solventum.com/en-us/home/health-information-technology/platforms/solventum-360-encompass-system/

Categories and Features

Categories and Features

Hospital Management

Not specified

Value-Based Care

Not specified

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