Blog Posts by Tag: Business Intelligence
Addressing EKRA Sales Force Compensation Mandates to Improve Both Compliance and Profitability
EKRA - Eliminating Kickbacks in Recovery Act - is a relatively new law that has some important implications for all diagnostic laboratories, and not just toxicology labs, which precipitated the legislation. Passed in October 2018, it was widely understood the law was intended to combat the opioid crisis. Recently, due in part to COVID-19 and government concerns over fraud and abuse, there has...
Five Steps to Capture Lost Revenue for Hospital Outreach and Outpatient Services | Part 3: Capture and Exploit the Right Data
This blog post is part three of a five part series. View Part One, View Part Two, View Part Four, View Part Five. In this series, we’ve explored the substantive topline and bottom-line impacts of front-end revenue cycle automation and enhanced claim denial management capabilities. Next, we look at capturing and exploiting the right data, to help regain lost outpatient revenue. Faced with the...
XIFIN Advanced Analytics Allows you to Build Custom Analytics: BI Expert
XIFIN Business Intelligence and Advanced Analytics provide the revenue cycle management (RCM) operational performance metrics and test-level data exploration diagnostic executives require to thrive in today’s competitive healthcare marketplace. In response to diagnostic leader’s need for accurate visualizations of operational performance, XIFIN created a suite of four Advanced Analytics solutions...
XIFIN Advanced Analytics Help Diagnostic Financial, and Billing Leaders More Easily Explore Complex RCM Data: XIFIN BI Enterprise
RCM data is complex and by its very nature, changes through the claim lifecycle, which can make analysis challenging. That is why XIFIN RPM now offers advanced analytics and visualization options, in addition to its powerful business intelligence (BI) and reporting capabilities.Executive Advanced Analytics: Question and Answer Storyboard FormatXIFIN currently offers four advanced analytics...
Diagnostic Leaders Gain More Insight from Complex RCM Data in an Easy to Navigate Question and Answer Format: XIFIN BI Executive
To have insight into diagnostic business decisions and improve patient outcomes, healthcare executives must have access and visibility to data in order to precisely measure results and compare them to internal goals and industry benchmarks.Revenue cycle management (RCM) leaders, in particular, need better access to operational and financial data to make both strategic and tactical decisions...
Error Processing Workflow Best Practices
A critical goal of providers is to submit clean claims promptly when billing for laboratory services, diagnostic x-rays, or durable medical equipment. Otherwise, they risk minimizing their organization’s revenue and overall financial success.Crucial to clean claims is understanding the importance of managing “Error Processing” queues. At XIFIN, we support our clients through regular complimentary...
XIFIN Advanced Analytics Help Lab Leaders Gain More Insight from Complex RCM Data: BI Essentials
To effectively manage complex laboratory business decisions and optimize outcomes, diagnostic leaders must be able to precisely measure results and easily compare them to internal goals and industry benchmarks. Executives, finance leaders, billing, revenue cycle management (RCM) directors, and other departmental managers need operational and financial data access. However, they typically need...
XIFIN RPM 12: Additional Appeals Automation Capabilities, Expanded Advanced Analytics and Patient Data Discovery, and More
Laboratory testing volume is at an all-time high. Molecular testing volume, for example, is currently at 275% of pre-COVID-19 levels. Diagnostic providers must transform their revenue cycle management (RCM) to adapt quickly to this changed world. This is not a challenge that can be overcome by throwing people at it. That is not a sustainable, scalable solution and during the COVID-19 pandemic is...
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