45 physician hospitalist group in Dallas, TX experienced a decline in revenue as well as mounting accounts receivable.
Analysis - Iris-Health conducted an analysis between the group's previous charge capture and billing systems to pinpoint charge leakage. Accounts receivable were also analyzed to uncover reasons for unpaid and underpaid claims.
Missed Billing - Roughly 16% of the visits were lost between the previous charge capture and billing systems. Missed visits were then loaded into Iris-Health's platform and billed out right away.
Accounts Receivable - Another 8% of the claims were unpaid or underpaid. These claims were loaded into Iris-Health's platform as well and billed out immediately.