CHICAGO--(BUSINESS WIRE)-- MethodCare, Inc., a leading provider of healthcare predictive analytics software and services, announces today that Tucson Medical Center has selected MethodCare’s Charge Recovery Solution to maximize revenue, improve coding compliance, and increase staff productivity in charge capture.
MethodCare’s Charge Recovery software application uses proprietary data mining algorithms to analyze Tucson Medical Center’s clinical, billing and patient data to flag missed charges that yield the greatest opportunity for revenue. The software application provides the workflow to efficiently follow up and add missed charges and report on missing charge trends.
“We selected MethodCare because their data mining algorithms demonstrated the greatest return on investment for our charge capture initiatives. Tucson Medical Center is looking to MethodCare’s real-time analytics to help us make proactive, sustainable improvements to curb future missed charges,” said Maria Persons, corporate director of patient financial services, Tucson Medical Center, the largest and only non-profit in Southern Arizona. “MethodCare’s software seamlessly integrates with Tucson Medical Center’s recent Epic Health Information System (HIS) and Electronic Medical Records (EMR), which was key because we didn’t have to invest in any additional resources to support."
MethodCare’s Charge Recovery software application provides the data-driven intelligence to help Tucson Medical Center reduce charge capture leakage and pinpoint coding and documentation improvement areas. In addition to using data mining algorithms MethodCare’s Charge Recovery software leverages thousands of rules grounded in industry standard coding guidelines and charging protocols to provide hospital charge capture benchmarking and best practices.
"Tucson Medical Center is another great example of how hospitals are adopting new methods to drive additional revenue and increase efficiencies so they can continue to reinvest in patient care," said Jeff Kaplan, chief executive officer, MethodCare, Inc. "The hospitals with the foresight to leverage their own data to the fullest extent will be best positioned to make appropriate strategic decisions as margins continue to compress in light of healthcare reform.”
Tucson Medical Center is Southern Arizona’s leading provider for emergency care and pediatric care (including Tucson’s first Pediatric Emergency Department). With 615-beds, Tucson Medical Center is a Thomson Reuters 50 Top Cardiovascular Hospital, and earned certification as a Primary Stroke Center, accreditation as a Chest Pain Center, and the Gold Plus Achievement Award for stroke programs from the American Heart Association/ American Stroke Association.
MethodCare is the leader in data mining software and services for hospitals. MethodCare detects anomalies and extracts trends in patient billing and clinical data to identify lost revenue, improve cash flow, and increase patient safety. Its predictive analytics applies the science of advanced statistics and data mining through a hosted, Software-as-Service (SaaS) model to flag errant accounts and claims with a greater degree of accuracy and automate manual processes. For more information, visit http://www.methodcare.com
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