Healthfuse Applies Machine Learning to Improve Hospital Vendor Management

Press Release (ePRNews.com) - Milwaukee, WI - Aug 03, 2016 - Healthfuse launched commercialized machine-learning vendor management services, allowing hospitals complete transparency into how outsourced revenue cycle partners are working patient accounts.

“RCM outsourcing is a $30B industry. As outsourcing continues to grow, and reimbursement continues to decline, it is increasingly important for hospitals to proactively manage their revenue cycle partners,” states Healthfuse President and CEO, Nick Fricano. “With machine-learning, we are able to spend time closing process gaps, rather than searching to find them.”

“RCM outsourcing is a $30B industry. As outsourcing continues to grow, and reimbursement continues to decline, it is increasingly important for hospitals to proactively manage their revenue cycle partners. With machine-learning, we are able to spend time closing process gaps, rather than searching to find them.”

Nick Fricano, President/CEO

While Healthfuse has utilized an automated auditing tool for some time, this technology is now available for hospitals to utilize in support of their current efforts. It has been proven to increase revenue cycle vendor collection performance by 20-30% through its ability to proactively notice trends in vendor workflows

Healthfuse is the leading provider of revenue cycle vendor management services, working with over 60 hospitals and health systems to reduce cost and increase collection performance of revenue cycle vendors.

For more information visit Healthfuse at www.healthfuse.com or contact Moira Lechtenberg at mlechtenberg@healthfuse.com.

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Source : Healthfuse
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