Improving Cash Flow and Revenue Cycle Management
The Looking Glass® platform delivers Financial Management solutions for Revenue Cycle Optimization across the healthcare enterprise. By helping identify areas for process improvement and rationalizing existing workflows, these solutions enable organizations to reduce denials, mitigate audits and optimize cash flow in a value-based world.
Healthcare organizations have massive amounts of valuable information that is confined by the limitations of stand-alone data systems that are not easily accessed or shared. Our business analytics solution solves this problem by aggregating data from these disparate systems, simplifying access to financial and clinical information into one user-friendly, web-based solution. Users across multiple departments are empowered to perform advanced data mining and opportunity analysis wherever they may be working. The solution allows healthcare organizations to collaborate across departments, develop and jump-start action plans, and capitalize on high-impact opportunity areas instantly.
Successful audit defense is more than just a program to address Recovery Audit Contractors (RAC). Our solution addresses the enterprise-wide cash flow risk arising from both governmental and private payor audits, accelerating the audit process and ensuring compliance while minimizing audit recovery risks to Medicare, Medicaid, and commercial payor reimbursements. By automating the manual processes, stages, and levels of an appeal, our solution empowers your organization to manage and monitor critical financial requests with the flexibility to meet the unique needs of a variety of different audit types.
Revenue Cycle Optimization Success Stories
Read Client Case Studies
Lucile Packard (LPCH) implemented business analysis while on track to be under budget for fiscal year end cash goal. Streamline Health worked closely with LPCH to install the workflow system and redesign the AR management process. LPCH also used Streamline’s business analytics to stratify the outsourced low dollar accounts.
Baptist Health Care Corporation implemented business analytics because it needed a sophisticated business intelligence technology with in-depth analysis and workflow tools. The organization not only found a way to identify and prioritize areas of financial opportunity, it also saw a $6 million improvement in cash flow above net revenues, shaved five to six days in outstanding accounts receivable, and saw the average monthly denial write-offs decrease from $750,000 to $300,000, equating to an estimated annual net revenue improvement of $1 million to $2 million.