Institutions often lose money because their processes have not been optimized. There are a lot of balls in the air — IRIS, billing, data, scheduling, and changing policies, people, resources, and tools — creating a never ending, high-stakes game of whack-a-mole.
MedHub’s client partners have access to a powerful team of experts who can help ensure everything is optimized to maximize ROI and, ultimately, reimbursement. Instead of wasting time in that game of whack-a-mole, programs that partner with MedHub’s Financial Consultants have a clean, streamlined system that works.
What Should You Expect When You Work With a MedHub Financial Consultant?
When you work with a MedHub Financial Consultant you can be confident they have specialized knowledge and skills to tackle your unique challenges. They’ll provide a high level, independent review along with recommendations to supercharge your MedHub experience and meet your financial goals.
With industry and product best practices and your specific financial goals in mind, our Financial Consultants:
- Review training program set-up in MedHub against external information
- Review training sites/locations utilized by programs against outside sources
- Run an audit and review biographic and scheduling data issues
- Perform a high-level review of trainees for potential simultaneous match for claiming
- Provide reports of high-level findings and recommendations
Your report will include actionable insights with specific suggestions for remediation. Based on those findings, the MedHub team offers additional services you can utilize to resolve any identified issues and/or increase efficiencies. Everything will be tied to goals, processes, and timelines, and may include:
- Demographic Clean-up
- Site Specific Clean-up
- Activity Clean-up
- Cost Center Set-up
- IRIS Clean-up
- IRIS FTE Comparison
- Billing Set-up
- Billing Clean-up
- Finance Training
- Finance Professional Services
Complicated, intertwined systems and information are all tackled through a simple, five-step process outlined below (with the fifth step being your results!). From start to finish, your financial consultants will be transparent and ensure all your questions are answered.
Who Are MedHub’s Financial Consultants?
Our Financial Consultants have more than 40 years of combined experience to support your programs with evolving practices and to ensure optimal reimbursement. When you partner with MedHub and our Consultants, you will gain confidence in your financial reporting and reimbursement outcomes.
- IRIS Reporting
- Cost Reporting
In addition, the team sits on the board with CGI and CMS which enables them to stay up to date on the latest changes in the field.
What Can You Accomplish With Greater Financial Efficiencies?
MedHub client partners who work with a MedHub Financial Consultant appreciate their level of detail and results-oriented approach. After implementing recommended changes from our experts, institutions can experience benefits including:
- The elimination of burdensome data entry and maintenance related to IRIS and billing
- Optimized systems that align with financial goals
- Greater ROI by ensuring the maximum reimbursement amount is achieved
- Improved data accuracy
- Assured adherence to all Medicare regulations and changes
With results that are tailored to your program’s needs, the biggest benefit of working with MedHub’s financial consultants is peace of mind. There’s a high level of trust required that we don’t take for granted, and we are dedicated to helping you achieve your financial goals.
Let your MedHub Financial Consultants aid your team in reaching your IRIS and billing goals. Contact your Client Success Manager or Sales Executive to learn more.