Even small healthcare facilities can have large needs in revenue cycle management. Managing and analyzing all of this by hand would take a full team countless hours of labor, and it probably wouldn’t produce the most accurate results. Hospital revenue cycle management software is essential for ensuring reimbursement and tracking payer performance—two elements no profitable healthcare organization can do without.
CostFlex’s healthcare revenue cycle software will prove beneficial to organizations of any size. Our projected payer reimbursement and cost accounting software work hand in hand to deliver the most accurate financial data efficiently, helping you manage your budget, identify areas for improvement, and receive due compensation. Learn more about why our healthcare revenue cycle management and analysis software is the best option for you.
THE BENEFITS OF HOSPITAL REVENUE CYCLE MANAGEMENT SOFTWARE
Healthcare revenue cycle management software automates the process for all payers, providing an efficient way for healthcare providers to manage numerous contracts and accurately project payer reimbursement. The software analyzes each payer’s individual contract terms and payment performance, storing 100% of the information in one automated system. By automatically checking the payment remits against the contract terms for accuracy, our healthcare payer system ensures that facilities receive proper reimbursement in a timely fashion, which helps their financial auditors maximize revenue.
COSTFLEX’S HEALTHCARE REVENUE CYCLE MANAGEMENT SOLUTION
Our software automates, analyzes, and reports all payer information in a single easy-to-use interface. Because of its convenient integration with our Cost Accounting and other Revenue Cycle Management tools, you can analyze all the data you need to make the most profitable healthcare decisions for your organization—for example, your facility can demonstrate “break even” data to each payer and negotiate profitable reimbursement terms from there.
CostFlex’s hospital revenue cycle management software is designed to be used by minimal staff. The software does most of the work itself, so your personnel won’t need to dedicate much time to its operation.
OUR REVENUE CYCLE MANAGEMENT SOFTWARE SUITE
Payer Contract Analyzer
Automates the detailed reimbursement terms for numerous payer contracts and stores the data within a single interface. The software will not only automate 100% of all payer contracts (including the government) but also allow for an unlimited amount of “what if” scenarios to fine-tune contract negotiations for all services.
Pre-Billing Charge Error Auditor
Reviews and audits discharged patients for charge correctness before bills are posted, allowing hospitals to correct errors while the patients are still in bill suspense and before the client submits the 837 for payment.
Hospital Price Transparency
Calculates and reports pricing data for a hospital’s primary shoppable services, ensuring that the organization remains in compliance with the Transparency of Pricing law.
CostFlex will handle every step of the installation process for your healthcare revenue cycle management software from start to finish, including training your team how to use our tools. We regularly complete installations within eight weeks or less—a fast, smooth transition that will help you make better decisions for your facility right away. You will be assigned to a dedicated project manager during your installation to answer all your questions and make sure the project moves along at a steady pace.
Nothing’s worse than having your tech support calls answered by a rep who’s clearly fumbling through a script. The support team at CostFlex is the best in the business—all of our representatives are experienced development programmers with firsthand knowledge of our healthcare payer contract management systems, and there’s no question they can’t answer. We pride ourselves on having the best customer support experience amongst all healthcare revenue cycle management solution companies.
We guarantee a response to all queries within 48 hours, but most support calls can be resolved at the time we receive them. Our commitment to clear communication and prompt responses is one of the things our team is most proud of.
SCHEDULE A DEMO
If you’re interested in our healthcare revenue cycle management solutions, we suggest that you schedule a demo to explore our system’s features and functionality for yourself. Every client who purchases our software receives a written unconditional satisfaction guarantee, which includes a warranty for three full months after we complete your turnkey installation.
For questions about CostFlex, our revenue cycle management software suite, or any of our other software’s features, please contact us at your convenience. We look forward to helping your facility become more efficient and more profitable.