"4Sight Analytics visualizes trends in a way that executives across the revenue cycle have never seen before."
CHARLOTTE, N.C. (PRWEB) June 25, 2018
PMMC, a leading provider of revenue cycle management solutions, launched a game-changing revenue cycle analytics platform today at the HFMA Annual Conference that will change the way healthcare financial executives evaluate payer contract performance and drive revenue strategies at their organizations.
The new platform, 4Sight Analytics, aligns with PMMC’s integrated revenue maturity strategy, which enables healthcare providers to succeed at a time when hospital revenue is facing challenges like never before.
“With today’s revenue challenges of missed reimbursement, increased bad debt, and the shift to value-based care, healthcare providers need an integrated strategy that connects traditionally disparate parts of the revenue cycle. 4Sight Analytics visualizes these trends in a way that executives across the revenue cycle have never seen before,” said Fred Sheffield, Chief Revenue Officer at PMMC.
4Sight is based on a four-level revenue maturity strategy that begins with contract governance as the foundation, and guides healthcare providers toward the inevitable transition to value-based reimbursement. Backed by accurate contract data, 4Sight empowers healthcare providers in these areas:
- Contract Governance – providers can measure and manage payer performance and better understand denial and underpayment trends.
- Payer Negotiations – providers can better understand the true value of payer contracts and the ability to visualize the existing contract/baseline to the proposal and how commercial payers stack up against each other.
- Price Transparency – After assessing proposed charge increases and/or decreases, and truly understanding the impact of the charges using 4Sight, providers are better positioned to set prices.
- Value-Based Reimbursement – After establishing contract governance, providers can better understand their competitive advantages and better manage their populations.
PMMC’s contract governance (management) solution leads the industry with a 99 percent accuracy rate. This level of accuracy is why 4Sight Analytics offers so much value to healthcare providers.
PMMC introduced 4Sight Analytics to healthcare financial executives at the HFMA Annual Conference and the company expects the platform to lead their next phase of growth in the revenue cycle market.
PMMC provides high value revenue cycle software and services to improve the financial performance of healthcare organizations. Our software and expertise focuses on payment accuracy and identifying more revenue opportunities across the revenue cycle.
PMMC helps hospitals identify underpayments and denials, increase price transparency, and manage bundled payments. Clients see, on average, a 10 to 1 return on investment with software and services. For more information, visit http://www.PMMConline.com.