Metrics increasingly drives today’s healthcare providers in every phase of their operations. As payment models shift from encounter-based to performance-based, analytics plays a critical role in both understanding and managing the cost of care and in determining how to accurately collect and distribute payments across a health system. ZirMed’s analytics solution provides insight into the operational and financial performance of enterprises and practices by keeping track of timely metrics and delivering actionable information to help drive the decisions that move an organization forward. The company’s cloud-based solutions integrate the data from all patient accounting and clinical systems—extract the actionable insights needed to optimize revenue cycle and manage population health for better clinical outcomes, lower costs, and higher net revenue. “ZirMed’s nationwide network processes over 750 million transactions each year, giving us insight into the performance of nearly every practice size and specialty in the U.S.,” says Tom Butts, Chairman and CEO of ZirMed. “We use that expertise to help clients gain a deeper understanding of the ways their payers, patients, and processes affect their bottom-line—with practice performance dashboards, KPI alerts, and rich interactive reporting.”
ZirMed’s data mining algorithms scrutinize every element on an account and provide insights and advanced workflow that organizational staff needs to pinpoint and correct breakdowns that reduce reimbursement—whether they come from an overlooked charge, a bundling issue, a missed diagnosis, or a misinterpretation of an operative report.
Our expertise helps clients gain a deeper understanding of the ways their payers, patients, and processes affect their bottom-line
The company also offers users interactive KPIs and streamlined reports making it easier to track denials, AR days, payment posting, and other key business metrics. Leveraging a customizable dashboard, users can more effectively create benchmarks that track performance by specialty. Other key features enable users to change dates quickly and view information on one or multiple practices at once. Many of these features expand ZirMed’s analytic solution’s ability to meet enterprise needs with role-based views and executive-level dashboard reporting.
The company’s analytics tool has allowed numerous healthcare clients to successfully monitor and measure the most important aspects of the claims adjudication process giving a complete transparent picture of what is happening with data at all times. “ZirMed’s analytics tool provides valuable answers to difficult questions found in a simple user-friendly environment,” says Larry Buller Jr., Director of Technology & Client Development, Medical Billing and Management Services.
ZirMed’s analytics applications are all connected to live revenue and performance data so provider organizations have the most up-to-date metrics. With solutions that are designed to improve efficiency, effectiveness and quality, for the future ahead, ZirMed is committed to helping healthcare providers meet the new challenges of value-based care.