medeanalytics.com 

ISSUE 3 | Fall | SEPTEMBER - NOVEMBER, 2016
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Improving the Business of Healthcare—And loving it!

Our employees love what they do which makes their dedication to you even stronger.

It’s because of our people, teamwork, and expertise that Modern Healthcare has once again named us one of the Top 100 Best Places to Work in Healthcare for 2016

Everything you read in this newsletter—upcoming webinars, blog insights, customer successes, and events—are all a testament to our commitment to partnering with you.

We’d love to hear from you! Email us with your feedback or ideas for future newsletters and webinars.

MEDE HAPPENINGS
Upcoming Webinar: Tackling Uncompensated Care

Uncompensated care remains at an all-time high. The opportunity to collect from patients plummets by 75% once they walk out your door.

Your data and optimal workflows can put an end to this. Join our webinar on September 22nd at 1:00pm ET to learn how. Reserve your spot today.

Check out our webinar archive to learn how clients like West Tennessee, Sutter Health, and Ardent Health Services are using data analytics.

INDUSTRY CHATTER
What's Trending in Healthcare

There’s been a flurry of activity on the Mede blog with some insightful contributions from our Mede thought leaders. Here’s a quick synopsis:

Hidden Gems: Recognize the valuable but underleveraged and expanding trove of data available in today’s healthcare ecosystem in this two-part series.

Reducing the Compliance Burden: Learn how to predict audits and proactively address revenue cycle red flags.

Avoiding Data Dumpsters: Avoid hoarding data and make the most of valuable data with an analytics engine.

Go check out the blog for more!

CLIENT SUCCESS
Ardent Health Services Improves Revenue Under ICD-10

Ardent Health Services is a shining example of how hospitals can leverage data to mitigate take-back risk. With a CDI program centered around data insights, Ardent is able to:

  • Ensure documentation accurately reflects patient acuity and the level of care provided
  • Improve unspecified and secondary diagnosis code usage
  • Identify opportunities for education and training

Interested in telling your story? Email us. 

SOLUTION SPOTLIGHT
Capitalize on the "Mid-Cycle" Opportunity

The “mid-cycle” holds great sway over the accuracy and integrity of your revenue. Even small improvements in the areas of coding, documentation, and compliance can translate into millions of dollars in savings.

 

Track coding performance to understand how ICD-10 affects your revenue.

 

Leverage benchmarking data to compare your CDI performance to your peers.

 

Reduce lost or missed revenue by ensuring claims accurately reflect patient acuity.

 

Mitigate take-back risk, streamline audits and appeals, and increase appeal success.

Learn more about Revenue Integrity.

TIPS & TRICKS
Improve Reimbursement Accuracy and Collections

 

Uncover Actionable Insight into Denial Root Causes
Use the Denials Dashboard to look for commonalities and trends in denials and mid-cycle risk and revenue opportunity. Drill into any chart to access ad-hoc denial analytics.

 

Discover Documentation Opportunities that Affect Reimbursement
Leverage current nationwide data that provides comparisons of secondary diagnosis codes that affect billing. The MS-DRG Group Opportunities chart shows MS-DRGs sorted by cohort CMI with filters to identify the greatest opportunity.

 

Improve Specificity to Increase Billings
See the most prevalent unspecified ICD-10 diagnosis codes. Then drill into the related diagnosis codes metric for a list of codes with specificity to help guide the education and improvement process.

UPCOMING EVENTS
Join Us at These Events!

Oct
 

AHIMA 2016 Convention & Expo
Baltimore, MD 
October 15-19, 2016 | Booth #2205
Follow the Convention on Twitter: #AHIMACON16

Speaking Session | October 17: Hear how Ardent Health Services boosted CMI and revenue: Using Technology to Standardize Clinical Documentation

Sept
 

Information Management Symposium 2016
Detroit, MI 
| September 25-28, 2016 | Booth #6

Sept
 

SIIA National Conference & Expo
Austin, TX | September 25-27, 2016 | Booth #405

Oct
 

HFMA Region 2 Fall Institute
Verona, NY
 | October 14-17, 2016

Nov
 

NAMD 2016 Fall Institute
Arlington, VA
 | November 6-8, 2016