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AI-Powered Reporting for Healthcare Payments and the Revenue Cycle
Rev/Track provides revenue cycle leaders with instant access to interactive dashboards and detailed reports that make it easier than ever to extract meaningful insights from healthcare payments data and to make more informed decisions around revenue cycle operations. Enabled by Sift’s data platform and predictive models, Rev/Track creates a single source of truth for healthcare payments.
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Instant Intelligence
Rev/Track eliminates the extensive time and work healthcare providers and RCMs traditionally spend organizing payments data and constructing reports. Rev/Track makes accessing actionable revenue cycle intelligence easy and efficient, delivering robust intelligence around payments behavior, insurance denials, collection trends, revenue cycle work efforts, and strategy performance.
From reviewing high-level KPIs to drilling down into the performance of individual payers, patient segments, procedure codes and more, Rev/Track equips revenue cycle leaders at organizations of all sizes to:
- Visualize patient segments and revenue cycle benchmarks.
- Monitor key metrics around insurance denials and patient collections.
- Track denial and liquidation rates over time and isolate the impact of different payer types, payers, facilities, procedures, CARC themes and reason codes.
- Understand how receivables are aging and how collections measure up against targets.
- Evaluate the impact and quality of collection strategies and revenue cycle work efforts. patient payments.
Insurance Denials
Rev/Track’s intuitive interface and detailed reporting provides a new level of oversight for your claims denials. Better manage your payer mix, identify opportunities and analyze denial trends. Drill down into open and total denials and audit by payer class, facility, specialty, reason code and procedure class code. Get a clear understanding of your payer mix and denial trends. Compare metrics, visualize cohorts performance and generate reports.
Patient Payments
Rev/Track microsegments patient accounts and enables you to visualize how different variables such as payer type, facility and presence of outbound/inbound phone calls affect payment rate, amount and timing.
Operational Reporting
Rev/Track identifies how your revenue cycle work efforts effect payments and allows you to develop a comprehensive understanding of the causes and effects of your interactions with different patient segments.
Learn More About Sift’s Rev/Track Solution
Rev/Track provides powerful insights around healthcare payments with instant access to interactive dashboards and detailed reports that provide a new level of oversight for revenue cycle operations. Contact us to learn more.
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