Tuesday, 12 September 2017 05:00 AM
Company Update
LAYFAYETTE, CO / ACCESSWIRE / September 12, 2017 / AcuStream Corp. announced today that six of the nation's 20 "Honor Roll" hospital systems, as ranked by US News & World Report, are now fully contracted with AcuStream to assist in optimizing revenues and eliminating income leakage through its proprietary products, RevBuilder™ and RevReview™.
"The most elite, respected, honored and sophisticated hospital systems in the U.S. are now using AcuStream to fully capture and bill for services and supplies provided that otherwise would simply be missed. These facilities have invested millions of dollars in their own, highly sophisticated patient billing systems, yet have found that adding AcuStream to their billing and recovery process results in revenue increases each month," says John Mackay of AcuStream.
Adding AcuStream to any hospital or physician group is a simple process with minimal initial investment of administrative and IT resources. The average start-up period is less than 30 days.
"This means that our client partners receive revenue increases within the first 90 days of working with us," Mackay says.
The AcuStream process consists of two primary products, including:
- RevBuilder™ - a rules-based predictive analytics tool applied to identify revenue leakage associated with missed, misplaced, and miscoded opportunities. It is a web-based communications platform that enables complete post-bill charge reconciliation and end-to-end workflow to assure that all missing charges are identified and reimbursed by insurance providers. The product also transforms data into actionable intelligence and insight that allows corrective measures to be put into place.
- RevReview™ - a proprietary service provided by a team of certified auditors to provide human intervention between the potential missed charges identified by RevBuilder™ and the reimbursable charges presented back to customers for billing. This service filters-out potential false positives, validates recommendations with supporting EMR evidence, and allows in-house coders to quickly verify findings, update codes, and provide updated charges to a client's billing and collections team.
"With over 50 hospital systems including six of the country's largest and over 100,000 physicians now using AcuStream, there is no doubt about the value of the process," says Mackay. "In fact, literally every AcuStream client has recovered previously lost revenues and, more importantly, worked to ensured that future revenue leakage will cease. This translates into millions of dollars in legitimate additions to each organization's top line, resulting in greater profitability or the ability to invest in new technologies, patient care programs, and equipment to better serve patients."
ABOUT ACUSTREAM
AcuStream helps healthcare clients become more efficient and profitable so they can focus on their primary goal of providing quality healthcare to patients. AcuStream products and services are designed for ease-of-use, minimal start-up time, immediate impact, and a payment structure based solely on success. AcuStream is based at 2770 Dagny Way, Suite 312, Lafayette, Colorado, 80026. Further information is available by calling 303.993.2914 or online at www.acustream.com.
FOR FURTHER INFORMATION:
At the Company:
John Mackay
Business Development
616-402-0866
[email protected]
Doug Sundlof
Executive Vice President Sales
720-557-2921
[email protected]
Dan Reid
Media Contact
303-993-2914
SOURCE: AcuStream Corp.