Revenue Reporting and Reconciliation
Use data to uncover your core RCM issues, then solve them.
80%
less time spent on reconciliation and audit reports
100%
increase in feedback loop of identifying patterns in denial reasons
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Claims Auditing
Your Ultimate Weapon Against Denials and Revenue Leakages.
Our Revenue Reporting and Reconciliation automation can support external and internal claims audits. We can triage common claim denials and provide insights into aging claims. Staff can be regularly updated on the status of aging claims by cross-referencing payor portals, clearinghouse data, internal systems, email, and more. Meaningful patterns in claims denials across payors and locations can be identified. Staff can be notified immediately of key denial reasons so phone calls can be made instantly. Denial reasons can also be tracked and standardized across various payor platforms for clear, concise performance reporting.
Account Reconciliation
Make it all make sense.
Revenue Reporting and Reconciliation has the ability to regularly reconcile accounts across various banks, compared against the debits and credits posted to the EHR. This feature automates the tedious, time-consuming activity of pulling together the data required to comprehensively reconcile all accounts. By bringing reconciliation into daily practice, rather than monthly or quarterly, it identifies problem areas sooner, allowing for faster course correction. Your team can focus on analysis and next steps, rather than spending time on manual reconciliation.
Revenue Reporting
More intelligence, more action.
Automate your RCM reporting to provide valuable insights into revenue cycle performance, allowing for the identification of bottlenecks and opportunities for improvement. Additionally, it can highlight training opportunities and help communicate these insights to leadership for action.
Cara Perry
VP of Revenue Cycle Management
Signature Dental Partners
It's like training a perfect employee, that works 24 hours a day, exactly how you trained it.
Cara decreased days sales outstanding to 45% below industry standards
One Platform, Endless Integrations
Thoughtful's AI agents can operate all of your systems.
Achieving Guaranteed Outcomes and ROI
Join leading healthcare providers and:
- Collect more money, faster
- Higher capacity, less headcount
- Acquire and retain more patients