XIFIN’s approach to diagnostic billing is unique, and goes well beyond a mere billing system to a complete Revenue Performance Management solution. Our deep understanding of billing practices and policies distinctive to emerging diagnostic technologies translates to higher cash and reimbursement, even in an era of narrowing payor networks and value-based pricing. XIFIN RPM manages and automates medical claims filing, reduces the risks associated with regulatory compliance, and provides visibility into operational and financial performance.
Diagnostic technologies have experienced a drastic change regarding new innovation and data collection in recent years. Telemetry, wearable diagnostic, and remote patient monitoring devices collect more information than ever before, save time and reduce healthcare costs, and help physicians monitor patients and provide proper treatment. Even as new wearables and similar healthcare technologies find their way to the marketplace, they find themselves needing to gain traction with providers who are inundated with technologies and third party payors who are often suspicious of new methodologies. In this environment, billing and reimbursement becomes a key business element that can spell success or failure for a medical device.
Medical device billing and reimbursement is a complicated business, with ever-changing rules and policies, and ongoing industry pressure to demonstrate value. Even as technologically advanced connected medical devices promise to significantly alter patient care and outcomes, they struggle to gain adoption, payor coverage, and optimum reimbursement in the face of cost-cutting industry pressure that has specifically targeted diagnostics. RPM lets diagnostic device companies take control of their billing and reimbursement and increase market share and revenue.
Financial integrity: Unlike traditional billing systems, XIFIN RPM was built to be a full Revenue Performance Management solution. Written in a financial language and built to have full referential integrity, XIFIN RPM balances every client to the penny, every month. Included is a complete AR financial end-of-month accounting package that delivers GAAP and Sarbanes-Oxley compliant financial data for the general ledger; see why private as well as public organizations find financial integrity and accurate business intelligence critical for their organizations.
Interoperable technology for today’s hyperconnected healthcare environment: Cloud-based and designed for interoperability, XIFIN RPM is well-suited to healthcare’s increasingly connected universe. While other solutions require lengthy custom integrations that fail to adapt to systemic changes, fall out of date quickly, and require significant investment in care and maintenance, XIFIN RPM's web service technology enables secure, flexible, bidirectional communications to other internal and external systems. Updates to the system are transparently delivered monthly ensuring the system is always up to date.
Extensive managed services: XIFIN is dedicated to your success. We handle the countless payor edits, regulatory and compliance modifications, reference resources, and perform all electronic submissions, processing, and other data exchanges so you can concentrate on your business. No other solution provides this level of service, and it is the key to ensuring you bill and collect all that is due you, as quickly as possible. Our cloud-based platform makes delivery of such an extensive set of managed services possible.