Billing Companies
Billing Companies Win More Business
with WhiteSpace Healthcare
Got any of these Key Challenges?
- Need to differentiate your company from other service providers?
- Is staffing and employee retention a concern?
- Do you need to deliver outcomes despite not controlling front end operations?
- Are patient, provider, and service line satisfaction top of mind for your clients?
- Are you experiencing pricing pressures and difficulty consistently meeting service level agreements?
- Have you made essential investments to ensure your ability to deliver and manage clients?
Denials
9%
of hospital claims are initially denied. This equates to $4.9 million USD in net patient revenue.
$25
is the average cost to re-work and it takes 71 minutes.
Common reasons for claim denial are duplicates, medical docs, and timeliness.
50-60%
of denials are not addressed due to time or knowledge constraints.
$118
is the verage cost of an appeal.
Denied claims and incorrect billing can prompt patients to switch care.
Our solutions
Integrate with your clients' healthcare technologies.
Delivers a turnkey solution that provides virtually all of information needed to run the revenue cycle - at go live.
Unifies data from disparate sources, refreshes it daily and ensures actionable information across your portfolio of clients on one platform.
Why partner with Whitespace Health?
Shave years off yours development roadmap
Upgrade your data and scheduling solutions
Offer solutions that looks and feel built by you
Grow and Enhance your Performance
Increased CSAT And retention rates
30% or more
Improved new business win rate
5 - 10%
Expanded gross margin
Value Delivered in Four Steps
Analytics
RevIntel
Resolution Insight Playbook
Resolution Center
- Transparency to workstream health.
- Proactive and automated KPI management.
- Fresh, actionable information in elevated dashboards.
- Finds areas of revenue leakage.
- Diagnoses root cause.
- Correlates to top influencing factors.
- Tools to manage the RCM ecosystem including, providers, service lines, managed care, and registration.
RevIntel
- Identifies opportunities to find and fix areas of revenue leakage.
- Elevated performance levels retain clients.
- Real time digital consultant in the platform identifies financial impact.
Resolution Insight
- Prescribes actions so opportunities can be worked correctly the first time.
- Ensures best practices are applied uniformly.
- Applies innovative pre-visit and denial prevention techniques.
Resolution Center
- Automates communication and workflows with source systems.
- Extends the value of existing IT investments.
- Integrations with RPA, practice management and EHR systems.
Resources
Maximize your revenue potential
Schedule a call now