Minimising claims leakage through targeted strategies boosts healthcare revenue and operational efficiency
Industry:
Healthcare
Claims leakage in healthcare leads to financial losses and inefficiencies. Inteliment partnered with a healthcare provider to implement advanced analytics and process improvements to reduce leakage and enhance revenue recovery.
Challenges
- High Claims Denial Rates: Elevated denials due to incomplete or inaccurate claims information.
- Inefficient Claims Processing: Manual processing caused delays and errors.
- Lack of Visibility into Claims Performance: Absence of real-time data hindered trend identification and root cause analysis.
Solutions
- Advanced Analytics Implementation: Deployed predictive analytics to identify patterns in claims denials and leakage.
- Claims Processing Automation: Introduced robotic process automation (RPA) to streamline repetitive tasks and reduce errors.
- Enhanced Training Programs: Developed training to improve accuracy in claims submissions.
Outcomes
Less Claims Denials
Significant decrease in denial rates, for revenue recovery.
Faster Claims Processing
Automation cut processing time by 40%, enhancing cash flow.
Improved Data Visibility
Real-time dashboards provided insights for proactive claims management.
Increased Staff Efficiency
Automation allowed staff to focus on complex claims.
Data-Driven Excellence
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