This week I am talking to Matt Seefeld, EVP at MedEvolve (@MedEvolve). He spent his career in healthcare focused practices and specialty practices and has been developing IT teams who are using analytics and machine learning to manage revenue cycle more efficiently.
We talk about the path to this point that was driven by the ever evolving space we inhabit with the end of the EMR craze and the need to make better use of the available resources. In fact their journey found them reducing head count by 60% as they watched their customers billable dollars decline under the pressure of shift from insurance payments to individual payments by patients moving to high deductible plans.
They created systems using the huge swathe of data they accrued on their practice management systems and services and found it was so good this because the central part of their business and offering to practices. As he puts it
We offer AI, billing and automation, and by the way you can have a practice management system as well
Listen in to hear how they developed solutions to optimize their own services that ultimately became solutions that they offered to their customers and the importance of transparency and the essential nature of data
Listen live at 4:00 AM, 12:00 Noon or 8:00 PM ET, Monday through Friday for the next week at HealthcareNOW Radio. After that, you can listen on demand (See podcast information below.) Join the conversation on Twitter at #TheIncrementalist.
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