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Large health systems today face a myriad of complex challenges that threaten their very survival – from clinical workforce shortages to increased supply and equipment costs to rising competition to growing consumer demand for innovative solutions. For many hospital systems, costs are outpacing revenue, and there’s little relief in sight.
As a result, many systems are focused on reducing costs and driving efficiencies in their business; for most, automating and optimizing their revenue cycle is more important than ever.
That’s why so many health systems work with MediStreams, which simplifies the complex process of receiving, posting, and reconciling payments. MediStreams automates manual, inefficient remittance processes, reducing the time and cost of getting paid. The MediStreams Cascade Product Suite offers configurable integrations that work seamlessly with a health system’s existing billing software, electronic health records (EHR), and document management systems to ensure data consistency and accuracy. The services are fully scalable to accommodate growth without an increase in labor costs.
Billing and insurance-related costs make up the largest share of administrative burden for most health systems, due to the complexity of the payment process that varies dramatically across insurers.
Without an automated remittance management process, systems can experience:
At MediStreams, we work closely with health systems to improve payment processing efficiency and enhance the patient experience, minimize billing errors and automate processes. To protect personal healthcare information (PHI), our web portal archive undergoes extensive audits to ensure compliance and security. We provide the only true end-to-end reconciliation solution in healthcare, with configurable posting files and reconciliation reports for your practice management, general ledger and enterprise resource planning (ERP) systems.
Web portal for convenient and secure access to your images and data. Includes a ten-year retention.
Reports available for access to all data received through the system.
A workflow management module for payments and correspondence.
Store, index and work correspondence online with access to all document images that are not directly associated with a payment.
Administrative module for Admins for user setup, maintenance and assignment of features and tasks for each user.
Innovative system platform designed for fast deployment of customer setups and customization.
Data and image output is customized and securely transmitted for import to an existing document management system.