Why Do We Need Analytics?
Simply put: data is power. By using Greenway Prime Suite or Nextgen EHR systems, you have invested substantial time capturing financial and clinical data. Even with accurate and comprehensive data capture, questions remain:
- Are you capitalizing on your data to improve the quality of care you deliver to your patients?
- Are you using it to understand trends in your A/R?
- Do you know everything you need to know about your providers?
Until now, Greenway Prime Suite and Nextgen users have been limited by the reporting functionality within the product to gain insight into the health of their organizations. Most EHRs do not have core functionality that enable users to easily drill down into data, quickly spot trends and problems, and then share that data with other individuals within the organization.
mdsANALYTICS: Everything you need in a single, smart tool
Why does every organization running Greenway Prime Suite and Nextgen need mdsANALYTICS?
- Just a few small improvements to your clinical and financial performance can have a huge organizational impact
- Great for practices of all sizes
- Cloud hosted, so there is no hardware to maintain
- Pre-integrated for Greenway Prime Suite and Nextgen: Off-the-shelf functionality
- Pre-built financial dashboards with standard KPIs and benchmarks
- Uses real time practice data
- 360-degree view of revenue cycle
- No expensive interfaces to develop
How Your Practice Will Benefit
For clients utilizing MDS for revenue cycle management services on the Prime Suite or Nexgen platforms, the mdsANALYTICS tool enables improved transparency, collaboration, and communication between you and us.
- Stronger revenue cycle
- Higher revenues and profitability
- Greater transparency
- Improved efficiency
- Monitor staff performance
- Mitigate audit risk
At its core – it’s a powerful web-based analytics tool that is easy to use for every Greenway Prime Suite user in your organization. You don’t need to engage senior management, other employees, or the IT department in order to use it.
– William Schroeder, CEO, MDS Medical
Key Features and Benefits
Get Paid Faster!
Generate outstanding accounts receivable reports by age (greater than 90 days, greater than 180 days, etc.) or by insurance carrier. You can quickly view which invoices are outstanding to ensure prompt follow-up and collection. mdsANALYTICS also provides in-depth CPT code analysis to ensure maximum reimbursement. High level and drill down views of charges, payments, and adjustments.
Analyze Financial Performance Per Provider
Compare current and prior year charges and payments for each provider.
Customize Your Financial Dashboards
Build personalized dashboards and receive daily, weekly, or monthly measurements, scorecard, and performance alerts based on the specific needs of your organization. These dynamic reports are flexible and customizable to meet your unique business needs.
Automate delivery of reports to users inside and outside of your organization. When you automate delivery of essential information and reports to personnel both inside and outside of your organization, you can increase transparency and work collaboratively with all parties to improve revenue and profitability. Push the information you need to the users you specify, on any schedule.
Data Reporting For Outcomes-based Reimbursement
Outcomes-based reimbursement is requiring practices everywhere to have better business intelligence than ever before. Internal systems typically cannot report on the data required for these types of reimbursement models. And “big box” business intelligence solutions from enormous software companies are not that smart when it comes to the nuances of healthcare.
Monitor Your Financial Health
Spot and correct problems and downward trends before they become catastrophic financial issues. With mdsANALYTICS, you’ll be able to quickly and easily monitor your financial health. Deficiencies and problems are more transparent and easier to correct within your organization when the information is at your fingertips.
Automated Reporting Saves Time and Money
Automated standard reporting, such as accounts receivable management, payer auditing, provider productivity, and clinical quality measurements.
Track and Drill Down Into Profitability
Easily track profitability trends of specialties, providers, departments, and services that your organization provides. Start to uncover the answers to questions like, “Are my resources optimally allocated to collect the most money from patients and payers?”
Get Pricing or a Demo of mdsANALYTICS
If you’d like more information on mdsANALYTICS for your practice, just submit the form below or give us a call at 1-800-494-3188 and an MDS representative will contact you promptly!