Halifax Health Adopts MethodCare’s Charge Integrity Solution to Optimize Charge Capture using Predictive Analytics
CHICAGO--(BUSINESS WIRE)--MethodCare, Inc. announced today that Halifax Health, the largest healthcare provider in East Central Florida, selected the company’s Charge Integrity Solution to optimize accuracies and efficiencies around charge capture using predictive analytics.
“Given MethodCare’s proven track record, we are confident that its predictive analytics technology and intelligent workflow will help us target the right accounts at the right time”
MethodCare’s collaboration with Halifax Health is the latest example of the company’s rapidly growing presence among the largest health systems in Florida. Halifax Health implemented MethodCare’s Charge Integrity Solution to proactively prevent charge capture leakage, increase process efficiencies, and ensure the complete claim integrity of all patient accounts using one easy-to-use, cloud solution.
“Given MethodCare’s proven track record, we are confident that its predictive analytics technology and intelligent workflow will help us target the right accounts at the right time,” said Joni Rahn, Director Patient Financial Services, Halifax Health. “A big selling point for us is that MethodCare’s technology is so sophisticated that it can help us recapture those hard-to-find missed charges that can account for significant revenue, and provide dashboards and reports to drill down into the root cause.”
MethodCare’s predictive analytics solution analyzes every claim element to pinpoint and fix break-downs from misinterpretation of an operative report, identification of a missed charge, detection of a bundling issue, and missed diagnosis that can result in lower reimbursement.
“Halifax Health understands that today’s providers need to leverage automation and predictive data analytics to help ensure not one charge, one dollar or one hour of time goes to waste,” said Jeff Kaplan, Chief Executive Officer, MethodCare. “Our goal is to help Halifax Health maintain its financial sustainability so they can achieve their mission of delivering superior patient centered service.”
Based in Daytona Beach, Halifax Health is East Central Florida’s largest healthcare provider with a tertiary and community hospital with 678 licensed beds, more than 500 physicians on its medical staff representing 46 medical specialties. Halifax Health also offers psychiatric services, four cancer treatment centers, the area's largest hospice organization, and a preferred provider organization.
About MethodCare, Inc.:
MethodCare, Inc. is the leading provider of Big Data analytics to help healthcare organizations achieve financial and clinical excellence. Our cloud solutions provide the platform for data integration of all patient accounting and clinical systems, and the advanced analytics to extract actionable insights that improve the revenue cycle and support population health management. MethodCare’s robust workflow and real-time predictive modeling improves patient access, charge integrity, reimbursement, and accurately estimates the health and financial risk of patient populations. Our data-driven method delivers greater revenue, reduces costs and arms healthcare providers with the intelligence to make strategic, proactive decisions that lead to greater value care.