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Immediate Impact Day One:
A cost benefit analysis
Revenue Integrity – Discharged Not Final Billed
Discharged Not Final Billed (DNFB) Will Negatively Impact Cash Flow
MED-DETECT systematically reduces DNFB
Ensures accuracy of the Patient Data providing
Faster Submission, Faster Reimbursement
If DNFB is reduced by just 1 day the bottom line financial improve
Hospital GROSS Revenue - $400,000 per day, $146
million annually
Hospital DNFB Average 30 day Month= $12 million
gross
Shorten by 1 day the DNFB per month: $400,000 gross
One day of efficiency improves annual cash flow by $4.8
Million
Benefits Recognized:
IMPACT OF UNHEALTHY DATA
1) When one error occurs it spreads to other areas of the practice and organizations.
2) Multiple “Patient” history records exist, which one is correct?
3) Patient records are updated with incomplete or incorrect patient information
4) Delays in information updates add expense and slow timely health care
5) Standards are not consistent when sharing data at this time.
6) When a breach occurs - yours or a business partners - many entities are impacted? Patients?
How Do We Do It ?DUOLARK’S
MED-DETECT | MED-CORRECT | MED-DEFEND
Validation Of Identity Benefits
Ensure Patient Match with Digital Health Identity eMPR™
Identify Repetitive Use
20% of healthcare hospital costs match to 1% of repetitive patients
Reduce Non-Emergent Service
Improve accuracy of submissions to Payers = improve cash flow
Benefits: 1) Increase Cash 2) Reduce Labor Time 3) Reduce Audit Liability
4) Increase Patient Safety
Right Patient – Right Place – Right Physician - Right Procedure – Right
Price
Patient Match
Healthy Trustworthy Data
Impact of Healthy and Trustworthy Data
EHR
Leader-ship
Finance
Legal
ITPayers
Patients
Providers
Performance Improvement Finance – Receivables Finance – Fraud Reduction Finance – Provider Confidence Finance – Payer Responsiveness Leadership – Decision Support Legal – Audit Defense Legal – Accurate Reporting IT – Security and Privacy IT – Data Integrity Automation Patients –
Trust and Confidence Reduction of EHR errors
Value of Healthy Data – Proven Again and Again
It worked here, it will work for you:
- 2002 – Camden N.J. = Coalition of Healthcare
Providers
- Coalition gathered data from three local Hospitals
- Matched it to GIS data
- Identified “High Utilizers”
- Linked data sets
When done correctly – “Data” is guaranteed for a Lifetime of use!
Value of Healthy Data – Proven Again and Again
Benefit:
#1 – Identified 961 “High Utilizers”
#2 – Corrected 33% (1/3) of the total patient records
found to contain errors in all three Hospitals
#3 – Bottom line increased for all three Hospitals
When done correctly – “Data” is guaranteed for a Lifetime of use!
Overall Benefits
Accelerates collection processes | improves cash flow Minimizes rejection of reimbursement claims | “verified
accurate” prior to submission Defense against repayments of meaningful use incentives Defense against audits by providing trusted patient
information | example: accurate patient count Reduces medical error risk involving patient record | example:
multiple records belonging to one patient Confirms medical records that are correct Finds and logs medical records that are “High Risk” errors Prioritizes records that need user remediation Identifies and defines actions needed to correct errors in
electronic medical records Ensures accuracy of records before claims are submitted
When done correctly – “Data” is guaranteed for a Lifetime of use!
Would you like to test your data? CONTACT US AT DUOLARK LLC
TOLL FREE CALL (844) 314-3858