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Denials: An Ounce of Prevention

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Learn how to analyze denials to determine causes, complications, and costs associated with the most common healthcare denied claims.

Claims denial rates in recent studies range from 6% to 21% of revenue collections within physician practices. While many of these denials can be effectively appealed and recovered, it's time-consuming, expensive, and can have a dramatic effect on cashflow and reimbursement rates.

In this webinar, we discuss data analytics techniques and how the visualization of data can provide a focused, insightful view of denials. We show how the use of strategic reporting and dashboards can prevent denials caused by in-house staff, documentation issues, and common charge entry or coding errors. Using initiatives brought into focus with data analytics tools, practices can realize substantial cost savings and improve operating efficiencies.

Originally presented on October 30, 2019 by Practical Data Solutions' Scott Everitt, MBA, Vice President of Analytic Solutions, and Becky Cook, Executive Consultant.

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Revenue Integrity Symposium 2019

Revenue Integrity Symposium v2As we return to the Northeast from Orlando, we hope you enjoyed visiting us at the 2019 Revenue Integrity Symposium and that you might have even learned something! If we missed you, we hope to catch you at a future conference.

MGMA19 | The Annual

MGMA2019 v2PDS staff enjoyed their experience at MGMA19 with three days sharing best practices in healthcare management. If you missed us, feel free to navigate to our webinar page to learn more about who we are, what we do, and how we do it. We look forward to seeing you at future conferences.

Improving Patient Access with Visual Analytics

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Learn about patient access healthcare data analytics reporting and visualizations using Tableau, MicroStrategy, and Microsoft PowerBI.

The goal of any patient access initiative is fairly simple – to find capacity. Are your providers scheduling efficiently? Are they offering services at times and locations convenient for patients? How long does it actually take for a patient to get an appointment? Answering these questions is the key to achieving the goal.

In this webinar, gain insight into how to move from tables and queries to visually appealing interactive dashboards. Learn to identify areas with the greatest opportunities to increase capacity and improve patient access. Understand how incorporating data from external datasets for visualized reports tells the whole story and provides a focus for enhancement initiatives.

Originally presented on August 14, 2019 by Practical Data Solutions’ Scott Everitt, MBA, PDS Vice President of Analytic Solutions.

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Identify and Manage Hidden Denials Through Analytics and Visualizations

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Learn how to analyze denials data using analytics and visualizations to recover lost healthcare revenue.

In recent studies, claims denial rates ranged from 6% to 21% of revenue collections within physician practices. What is often not included in these rates are the hidden denials lurking within the details of the billing and reimbursement systems. Applying analytic techniques and visualization of data provides a focused view of denials and allows for the development of strategies to treat those reasons and quantify the results of recoveries and lost revenues.

In this webinar, we demonstrate how to analyze denials to determine causes, complications, and projected recoverable revenue. Using visualizations to illustrate causes and outcomes engages staff to become sleuths looking for new solutions.

Originally presented on June 19, 2019 by Practical Data Solutions’ Russell Hendrickson, CEO, and Becky Cook, Executive Consultant.

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Hypercards for Healthcare ‒ Inject Zero-Click Intelligence about Patients, Physicians and Payers

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Learn how HyperIntelligence by MicroStrategy allows healthcare organizations to deliver key information through actionable intelligent analytics. See how effective dashboards, visualizations and HyperIntelligence can make a major difference in optimizing practice performance in a variety of critical areas including:

• Likelihood of No Show
• Number of past missed appointments
• Uncollected patient balances
• Copay amount to be collected
• Past claims denied due to inaccurate insurance information
• Patients who are past due for their Annual Wellness Visit

Originally presented on May 22, 2019, by Practical Data Solutions' Russell Hendrickson, CEO, Michele Perry, Vice President of Web Analytics, and special guest Erik Okerholm, Senior Industry Solution Architect of Healthcare at MicroStrategy.

PDS Attended MGMA19 | The Operations Conference

MGMA logoPDS Attended the MGMA19 | The Operations Conference from April 14 - 15, 2019 in Austin, TX.

This was the first year PDS attended and exhibited at MGMA's Operations Conference. The Operations Conference is centered on making the operations of individual private practice and large health systems more efficient through innovative patient-focused products, services and strategies. It was great to network and connect with the other attendees who shared their challenges and to discuss  PDS’ solutions with them.

Managing Revenue Integrity with Analytics

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Learn how data analytics and visualizations can reveal new revenue streams, improvement in unpaid denied claims, and cost reduction opportunities to improve your healthcare organization’s financial performance. Revenue Integrity ensures that all entitled income has been accurately captured, billed, and paid. This webinar will discuss how the revenue management process creates a massive amount of data transactions and that this data requires appropriate staging and modeling to uncover hidden revenues or cost reduction opportunities.

Webinar covers:

  • Overview of Revenue Integrity functions
  • The value of analytics to identify unrecognized revenues and payments
  • Key topics in Revenue Integrity – denials, charge capture, and collections
  • Concisely communicating the value to the organization
  • Visualizing the opportunities and success
  • Other best practices

Originally presented on March 20, 2019 by Practical Data Solutions’ Becky Cook, Executive Consultant, and Russell Hendrickson, CEO.

Find more educational webinars on our YouTube Channel.

PDS Attended MGMA19 | The Financial Conference

MGMA logoPDS Attended the MGMA19 | The Financial Conference from March 3 - 5, 2019 in Las Vegas, NV.

MGMA's Financial Conference is one of PDS' favorite conferences to attend and exhibit at. The ability to listen and learn from other healthcare industry peers was invaluable. It was inspiring to network, connect, and reconnect with the other attendees.

Using Analytics for Strategic Growth

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Learn how effective use of data analytics and visualizations can help healthcare organizations identify opportunities to add new providers, specialties, or the ideal time to open new locations by monitoring revenue cycle, physician productivity, and patient access gaps.

Webinar covers how to:

  • Identify growth opportunities
  • Monitor strategic productivity and patient access gaps
  • Look for underserved populations
  • Predict new revenue streams
  • Calculate payback time and potential returns on investments made in the growth of the practice

Originally presented on February 20, 2019, by Practical Data Solutions’ Scott Everitt, Vice President of Analytic Solutions, and Michele Perry, Vice President Web Analytics.

Find more educational webinars on our YouTube Channel.

PDS Attended the HIMSS 19 Conference

PDS Attended the HIMSS 19 Conference from February 11 - 15, 2019 in Orlando, FL.

It was great to network, connect, and reconnect with the other attendees. Gaining knowledge from industry peers and learning new innovative technology are two  of the many reasons why PDS enjoys attending the HIMSS Global Conference every year.

Call PDS 203.262.9224