Healthcare Outsourcing on the Rise

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MediStreams sees increased interest in their remittance automation services as hospitals and health systems re-evaluate and adapt to new environments.

After working 25 years for a major financial institution the one thing I see at MediStreams is the customer isn’t just a number. Each customer has value and receives equal attention. The company strives to have as close to an error free process possible for the clients.

The current virus pandemic may, or may not, be a once-in-a-lifetime event. But it is forcing entities to re-evaluate and adapt in ways that allow for a safe work environment now and during future business disruptions.

To operate with less onsite staff and to drive down costs, CFOs and accounting departments are looking at outsourcing with a proven partner like MediStreams. Providers face new operational challenges during a pandemic; challenges that drive up costs and require increased staffing to adhere to new regulations and guidelines. Outsourcing gives healthcare providers a way to improve the velocity of cash flow, receive more accurate posting files, and avoid capital expenditures necessary to meet the demands of in-office or work-from-home staffing.

MediStreams, a Revenue Cycle Management company is seeing an uptick in interest for their healthcare revenue cycle services that automate remittance processing to cut out manual, error-prone tasks. Outsourcing to our Medical Lockbox offloads all the paper processing as we take care of the deposits for paper checks and the processing of paper EOBs, patient payments, and correspondence.

Over 7,800 individual healthcare facilities nationwide rely on MediStreams to create an agile workflow for sound, financial outcomes. MediStreams takes a consultative approach with their clients. They understand each provider is unique. They configure a customized solution to best fit each client’s needs.

Medical Lockbox Operations Manager, “After working 25 years for a major financial institution the one thing I see at MediStreams is the customer isn’t just a number. Each customer has value and receives equal attention. The company strives to have as close to an error free process possible for the clients.”

The MediStreams technology platform ensures our clients are getting paid faster and receiving posting data that is on time and accurate. MediStreams integrates well with popular practice management systems such as EPIC, NextGen, Meditech, eClinicalWorks, Cerner and over 50 others.

Our rules-based configuration engine not only gives a provider what they need today; but a road map of enhanced features to keep them abreast of coding and billing as it changes. The solution is cloud-based and offers a ten-year archive of both data and images to improve how providers receive, manage, process, post and reconcile payments; both paper and electronic.

MediStreams
MediStreams supplies outsourced Healthcare Revenue Cycle Management services for healthcare providers. The services automate the flow of healthcare payments with lockbox services, ERA to EFT deposit reconciliation, paper to 835 conversions, patient payment and correspondence processing. MediStreams accelerates the posting of remittances, cuts manual processes and significantly reduces overhead costs. For more information, visit https://www.MediStreams.com, email info@medistreams.com or call 866-836-2835.

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Donna Carr, VP Business Development
MediStreams LLC
+1 866-836-2835 Ext: 1623
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Medistreams, LLC
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