How do you define the financial success and viability of your practice?
Unfortunately, most physician practices simply aren't able to dig in deep enough in an effort to get to the depth of data necessary to determine what's working and what needs improvement.
Imagine what having a clear view into your practice's financial sustenance can provide:
- Benchmarking ability against others and the market in general
- The ability to understand and build a culture of action within a practice to continually improve
- The ability to serve patients in the most efficient manner possible while maintaining the future health of the organization
Unlike others, MedData doesn’t just provide “standard reporting.” Instead, we’ve launched MedData I.Q., a secure, state-of-the-art online portal where clients easily access detailed operational, financial, productivity and clinical information occurring within their practice.
MedData I.Q. allows for the proactive management of real issues, such as monitoring cash flow and payroll, managing productivity-based compensation and preparing for payer negotiations. Along with our instant provider enrollment services and online portal that provides complete transparency to our day-to-day billing system (MedData Visit View), MedData I.Q. is part of our standard offering — there are no additional fees.
MedData I.Q. includes:
- interactive dashboards that offer graphically rich summaries of monthly performance data,
- scorecards containing key performance indicators, and
- month-end and next day data, clinical information, physician productivity, operational details, and other intelligent information to enhance a practice’s operations.
- Ability to roll-up multiple locations
- Ability to view profiles specific to hospitalists, wound care, etc.
- Ability to compare key measures to MedData medians
- Ability to download and save
- Secure 24/7 access with next-day data availability
- Right click on summaries and charts to drill down to visit level
- Ad-hoc data views and instant, multiple-option graphs
- Setup, training and ongoing support
MedData Visit View is MedData’s online solution that provides physicians access to their patients’ data:
- Online portal that provides complete transparency to our day-to-day billing system
- Ability to view, edit and update patient demographic and insurance information
- Ability to view actual patient statements
MyMedAccount.com empowers patients with online access to the information used to generate their medical statements, as well as the ability to update information to assist in expediting reimbursement:
- Improves the patient experience by providing 24/7 access to their accounts to view and update demographic and insurance information
- Streamlines the revenue cycle process timeline by increasing found insurance and verifying/updating patient contact information
- Builds patient loyalty with their physicians/hospitals by providing clarity/communications and increasing trust over time