Boston Software System’s Revenue Cycle Management is an automation solution that provides hospitals, health systems, and provider organizations with an effective way to manage healthcare inefficiencies. Manual processes can be a significant drain on productivity in the revenue cycle, and automation can help address this by checking for errors, completing manual tasks, addressing quality control gaps, and reducing the cost to collect.

One of the significant benefits of automation is customer savings. For instance, one customer saved 180 hours per month and $20 million in failed claims re-submissions, while another recovered $2 million per year in Emergency Department billing. By automating crossover claims processing, another customer saved 10 hours per day and $1.2 million per year. Furthermore, one customer saved 15 FTEs and $450,000 per year in claims submissions. These numbers demonstrate the substantial benefits of revenue cycle automation in terms of time and cost savings.

Revenue Cycle Automation is perfectly suited for several healthcare tasks, including benefit and eligibility checks, prior authorization management, vendor contract management, collections, payment processing, write-offs, and adjustments. Boston Software Systems has a proven track record, running thousands of revenue cycle automations every day in hundreds of hospitals, health systems, and provider organizations. Automation has saved time, saved money, and increased staff productivity.

Overall, Boston Software System’s Revenue Cycle Management solution is an excellent investment for healthcare providers looking to reduce inefficiencies in their revenue cycle processes. With automation, they can achieve significant time and cost savings, improve staff productivity, and address quality control gaps, ultimately leading to improved patient care.

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