CHICAGO--(BUSINESS WIRE)-- MethodCare, Inc., a leading provider of healthcare predictive analytics software and services, announced today that Elmhurst Memorial Hospital (EMH), part of Elmhurst Memorial Healthcare, selected MethodCare’s Charge Recovery Solution to create sustainable efficiencies that allow for faster, greater revenue from charge capture.
EMH will leverage MethodCare’s cloud-based data mining solution to optimize its charge capture process and expedite revenue recovery from missed charges. MethodCare’s Charge Recovery Solution seamlessly integrates with EMH’s HIS and EMR systems, and provides a layer of predictive analytics to identify lost revenue as well as the intuitive workflow for immediate follow up and cash recovery.
“MethodCare’s solution allows us to implement sustainable efficiencies in our charge capture process so that we can drive additional revenue and increase overall productivity,” said Henry Zeisel, associate vice president and corporate controller, Elmhurst Memorial Healthcare. “We were very impressed with their innovative technology and the speed at which MethodCare can customize their solution for our hospital.”
MethodCare’s Charge Recovery Solution provides EMH management with a robust suite of advanced charge recovery dashboards and real-time analytics make proactive, sustainable improvements to continue its efforts to remain at the forefront of revenue cycle management.
“The data-driven intelligence that we provide Elmhurst Memorial Hospital will allow them to proactively improve charge capture before it hits their bottom line,” said Jeff Kaplan, chief executive officer, MethodCare, Inc. “As healthcare reform tightens reimbursement for providers, our solutions are identifying new revenue that allows are partners to continue to invest in high quality patient care.”
Elmhurst Memorial Healthcare is a leading community-based healthcare system in DuPage County, Illinois. The system is ranked nationally for its cardiovascular and gastrointestinal care, and in 2011 was named as a top place to work in Illinois by the Chicago Tribune. It operates physician offices, outpatient centers, occupational health programs, and other ancillary health care operations.
MethodCare is the leader in data mining software and services for hospitals. MethodCare detects anomalies and extracts trends in patient billing and clinical data to identify lost revenue, improve cash flow, and increase patient safety. Its predictive analytics applies the science of advanced statistics and data mining through a cloud- based solution to flag errant accounts and claims with a greater degree of accuracy and automate manual processes. For more information, visit http://www.methodcare.com.
Source: MethodCare, Inc.