AccuReg to Showcase Front-End, Patient-Centered Revenue Cycle Model at Becker’s Hospital Review 9th Annual Meeting

Solution takes aim at millions of dollars lost between the front door and the treatment room

CHICAGO – (April 10, 2018) – AccuReg, a software company offering a full suite of front-end revenue cycle solutions for hospitals and health systems, will demonstrate its patient-centered revenue cycle model that identifies payment risks and opportunities at the front end – before the patient is ever seen – during the Becker’s Hospital Review 9th Annual Meeting in Chicago, April 11-14 in booth #905.

Hospitals lose up to 40 percent of every dollar before providing patient services. In fact, the top four sources of denials – data quality, eligibility, medical necessity and authorization – occur before the patient receives care.

“The good news is that 80 percent of all front-end root-cause denials are predictable, which means they are preventable if staff have proper tools” said Paul Shorrosh, founder and CEO of AccuReg. “That’s why our sole focus is on optimizing the Patient Access Experience®, where the cost of RCM is at its lowest and the likelihood of securing payment is at its highest.”

AccuReg pioneered the application of artificial intelligence and machine learning to the revenue cycle with its sophisticated rules engine and predictive analytics process they call Integrated Intelligence™. This dynamic rules engine identifies and learns from mistakes in the patient registration process, recalibrates business rules based on payer denial and patient propensity data, and optimizes workflow for greater payment assurance.  Its intelligent exception workflow alerts registrars real-time of payment risks, errors and opportunities, and holds each employee accountable to resolve every issue before the patient receives services.

Hospitals rely on AccuReg to deliver revenue results where it counts – on the front end – because they know capturing and securing revenue prior to the delivery of healthcare services makes the biggest impact on patient experience and a hospital’s financial stability. Fewer issues with payers means better ability to collect up front, minimizing back-end receivables management, rework, denials and write-offs.

“As hospitals continue to be pressured to become more efficient, effective and reduce costs, the front end is the most strategic place to manage the revenue cycle,” continued Shorrosh.  “We’ve helped hospitals cut eligibility denials in half, triple point of service collections and reduce bad debt write-offs due to patient access errors by 55 percent in the first year. We look forward to continuing to help the industry perform better and save millions of dollars on traditional RCM processing.”

Visit AccuReg at booth #905 to learn how the company has helped health systems achieve real world results.

Learn How an 8’s Analysis Can Put Value Back into Your Bottom Line

AccuReg is offering hospital CFOs a free “State of the 8s” report that analyzes the hospital’s 835 file and provides a roadmap for preventing future denials and pumping real value back into the bottom line. The report will quantify preventable denials and reveal preventable patterns related to Eligibility Verification, Medical Necessity, Data Quality and Authorization. Visit booth #905 to learn more.

About AccuReg: AccuReg has been delivering revenue cycle and patient access innovation to the healthcare industry for more than a decade. Known throughout the healthcare industry as the company that built the top-ranked QA engine, AccuReg’s technology solutions for the Patient Access Experience®, Denials Prevention, POS Collections and Financial Assistance Screening now include Integrated Intelligence™. A state-of-the-art dynamic rules engine and predictive analytics wrap around the entire registration process to identify errors in real time and constantly recalibrates itself to address changing payer rules. For more information, visit www.AccuRegSoftware.com or call 866-872-7498.

Media Contact: Theresa Masnik, Lovell Communications, (615) 297-7766, theresa@lovell.com

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