3. Intalere Solutions For Revenue Cycle Management
Intalere offers performance solutions to support the financial health of your organization. We empower healthcare providers to advance and elevate their financial performance capabilities through managed solutions including RPA, Priority Healthcare Payments, Insurance Services and REVolution Outsourced Billing/Collection and Consulting Services.
Robotic Process Automation (RPA)
Healthcare organizations are constantly seeking to reduce costs and increase operational efficiencies. Managing inventory, supporting the digitization of patient files, optimizing appointment scheduling and executing billing and claims processing can all be streamlined with the assistance of Intalere’s Robotic Process Automation (RPA).
RPA combines artificial intelligence and other advanced technologies to deliver a holistic solution that streamlines workflows. The software matches the repetitive processes and actions of a human interacting within digital systems. The project is typically completed within six weeks and delivers direct profitability back into organizations and helps staff:
- Improve accuracy and control
- Increase speed and productivity
- Free up staff time to focus on patients
- Enhance existing technology like EMR
- Quickly realize ROI with low initial investment
Priority Healthcare Payments
To cut expenses, improve cash flow and grow margins, implement payment processing solutions that can pay dividends almost immediately. These solutions can lower overall costs for merchant services and payment processing by up to 50% – while accelerating payments – with increases in collections in 30 days. Most importantly, they simplify payments so providers can focus on patients.
Intalere’s Priority Healthcare Payments enables healthcare provider organizations to optimize payment acceptance and payment remittance while driving significant savings and revenue. Benefits of Priority Healthcare Payments include:
Additionally, another area of cost reduction that is often overlooked is insurance coverage. In many cases, an organization’s current annual insurance spend can be reviewed to help find immediate savings. These savings go directly to the bottom line and can be the difference in maintaining key personnel or having to let them go.
Intalere Insurance Services uses an intelligent aggregated model to group healthcare organizations into a large pool, allowing organizations to achieve greater purchasing strength and long-term stability with their employee benefits. The solution reduces costs while enhancing the security and coverage of the organization and its employees. Insurance services enable organizations to secure low-cost benefits within a variety of areas, including:
REVolution Lab and Radiology
Outpatient services generate substantial revenue for healthcare provider organizations. Lab and Radiology, in particular, can still be very profitable despite healthcare reform. But the nuances of lab and rad claims coupled with the amount of resources needed to collect optimally on these high volume, low dollar claims, can leave a substantial amount of cash that goes uncollected. Also, the financially devastating effects of the Protecting Access to Medicare Act (PAMA) on Outpatient Lab and Radiology reimbursement creates an even greater need to ensure that those claims are reimbursed in a timely fashion and in accordance with the provider’s contracted payer rates.
Intalere’s REVolution is achieving a 10% or greater increase in revenue for our client’s laboratory and radiology departments.
REVolution utilizes over 560 experts to provide outsourced revenue cycle management and Operational Improvement & Process Redesign Consulting services to healthcare provider organizations by helping them collect more of the cash they have earned in a timely fashion.
The benefits of REVolution include:
- Free up resources to focus on higher dollar claims
- Ensure all lab and radiology claims are paid at the contracted rate
- Improve reimbursement revenue by at least 10%
- Perform root cause analysis of denials to prevent future denials and speed the time to payment
- A Cash Acceleration program to help you work aging claims that may have been neglected as a result of the staffing disruption during COVID-19