We found that through cloud-based technology, a virtual business office could create a CBO-like effect without ever moving people or assets into a single location. - Derek Morkel, CEO, HealthTech Solutions Group
Plano, Texas (PRWEB) May 24, 2012
Healthcare revenue cycle solutions provider, HealthTech Solutions Group has issued a new white paper that examines how cloud-based technology enables healthcare providers to improve business office performance and lower costs by over 20 percent.
"We found that through cloud-based technology, a virtual business office (VBO) could create a CBO-like effect without ever moving people or assets into a single location," said Derek Morkel, CEO of HealthTech Solutions Group. "A VBO model is a more connected approach. Once implemented, it not only provides an immediate improvement to in-house collections, but it also provides a seamless tool for transferring and managing AR with all facilities as well as outside collectors vendors."
Some of the benefits of a VBO described in the paper include:
- The ability to work within one platform. Account data is stored in the VBO and collectors or outside vendors never have to leave the platform.
- Comprehensive reporting permits measurement of all collection activity, enabling accountability no matter where the work is done.
- Better communication between healthcare facilities and the CBO through integrated request log, which features real-time account activity documentation.
- Built-in business intelligence and management reporting tools to improve oversight and reduce time necessary to audit performance.
HealthTech Solutions Group's cloud-based software, myCLAIMIQ AlphaCollector, extends the power of the VBO. With the new technology, healthcare providers can import any patient accounting system data, from any location (hospital, clinic, long-term care, outside vendors, etc.) into AlphaCollector where accounts can be worked and collected with ease.
About HealthTech Solutions Group
For over 40 years, HealthTech has been a premier healthcare services company, working with community hospitals to help them achieve financial stability, growth, and operational success. More information about the company can be found on its website http://www.ht-llc.com.