Evaluating Your Clearinghouse: Measuring Performance
Our last article, Evaluating Your Clearinghouse: Are You Leaving Money on the Table, focused on breaking down exactly how a hospital could potentially save over 8 million dollars per year by getting two key measurements in line with the average customer on efficientC. (Hint: it’s all about the First Pass Yield (FPY) payment rate and denial write-offs as a % of NPR. Click the link above to learn more!)
In this article, we are going to dive deep into the idea that clearinghouse/claim scrubber performance can be improved by applying an active management strategy. A top-performing clearinghouse/claim scrubber requires continuous management and attention. If managed actively, the value it delivers can be greatly improved.
If left alone, however, this technology will simply go about its business potentially underperforming and putting more of your receivables at risk. That is why at efficientC we believe in being more than just a clearinghouse. We are also a dedicated claim management and an active denial prevention partner.