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.
Collect more money, faster.
Higher capacity, less headcount.
Acquire and retain more patients.
These companies have already seen the benefits of automation...
"I’ve been amazed at Thoughtful’s ability to deploy automation modules that run my business processes while my staff focuses on other higher-value tasks. By reducing the time taken to complete the process by 90%, it has enabled us to direct our attention towards the bigger picture. Our team no longer spends more time than necessary on the minutiae of a repetitive process."
"Thoughtful has enabled us to direct our attention towards the bigger picture. Our team no longer spends more time than necessary on repetitive processes."
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Kevin Silver, CFO
235%
return on investment
90%
reduction in invoice processing time
"Thoughtful introduced a solution that eliminated a glaring gap in our billing workflow. An automation module is now part of our accounting team, performing this vital role more efficiently and at a fraction of the cost of paying a full salary to an actual employee."
"Thoughtful introduced a solution that eliminated a glaring gap in our billing workflow. An automation module is now performing this vital role more efficiently and at a fraction of the cost of paying a full salary to an actual employee."
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Zach Leonard, Founder
30%
reduction in costs
100%
automated billing
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"Using automation modules significantly reduced our efforts, allowing us to optimize productivity in other core areas. Our modules continue to save us time and money in multiple ways. We couldn’t be happier with the services rendered by the Thoughtful team and their ongoing support."
"Automation modules are significantly reducing our efforts, allowing us to optimize productivity in other core areas. We couldn’t be happier with the services rendered by the Thoughtful team and their ongoing support."
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Brittany Turner, Director of Compliance and Systems
95%
faster than human team
100s
applications processed per day
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