As healthcare leaders, access to quality, timely data is imperative for the financial and operational success of an organization.
According to a recent survey posted in Becker’s Hospital Review of hospital information technology executives, 80% do not trust that their electronic health record (EHR) data is reliable
for decision making. Of that same group, 49% said “poor or slow decision making is the greatest potential financial consequence of low-quality data.”
As healthcare leaders, access to quality, timely data is imperative for the financial and operational success of an organization. The old adage “garbage in, garbage out” is completely accurate. To ensure that the correct information is input into hospital EHRs, analyses must be conducted to determine areas of concern.
Data Transparency Leads to Quality Data
Coding quality reviews are a valuable tool for educating both physicians and coders in an effort to improve coding quality, compliance and reimbursement. JTS’ team of trained auditors and coders can ensure optimal coding quality and reduce the potential of lost reimbursement, resulting in improved cash flow. Tools and readily available metrics for clear decision making and staff training, however, are a critical part of an optimized revenue cycle giving insight into the data housed in the EHR.
nCREAS™ Analytics Creates Data Transparency
JTS Health Partners’ patent-pending, nCREAS™ analytics solution pinpoints specific types of coding to assess the extent to which revenue is lost to incomplete or inaccurate coding. Additionally, it provides a financial return on investment as well as consistent and timely process improvement and training to improve future coding compliance and enhance current revenue.
In addition, JTS’ nCREAS™ proprietary, predictive analytics solution is vendor agnostic and enhances operational performance and enables greater productivity to reach revenue goals and provide data transparency for the whole RCM organization. The Becker’s article also stated that “developing and sharing reliable data is the top strategic priority.” Eighty percent of respondents will be focusing on this issue in the next 12 months.
JTS’ nCREAS™ allows hospital executives access to near real time data through a secure, easy to navigate online portal. RCM Analytics pull the data that is most critical to that executive, giving drill down capabilities to a granular level for actionable results. This platform allows executives to make decisions based on and share accurate, reliable data quickly and easily.
For more information on how nCREAS™ can help your organization with data transparency, contact us via email or call 470-443-3507.
