Med-Metrix
Med-Metrix offers comprehensive Revenue Cycle Management services for hospitals and physician groups, utilizing advanced technology and training programs to improve revenue collection and operational efficiency.
Revenue Cycle Management Services
Med-Metrix offers comprehensive Revenue Cycle Management (RCM) services for hospitals and physician groups. Their suite of services includes Patient Intake, Revenue Integrity, Revenue Collection, and Business Insights & Administration. These services aim to improve operational efficiencies and financial performance through automation, reducing errors, and optimizing workflows.
Training Programs at Med-Metrix University
Med-Metrix University provides a customized, industry-leading training and testing program that runs for 6 to 10 weeks. The program focuses on developing skills specific to Revenue Cycle Management, preparing participants to handle the complexities of the industry efficiently.
Automated and Innovative RCM Technology
Med-Metrix employs cutting-edge RCM technology to enhance their service offerings. This includes real process automation (RPA) and AI machine learning, which facilitate automation of tens of millions of transactions, streamline processes, and improve accuracy and efficiency in revenue management tasks.
Denials Management and Revenue Recovery
Med-Metrix's Denials Management services are designed to handle denials effectively, overturning 60-70% of denials on average. Additionally, their Payment Variance Recovery identifies and recovers instances of underpayments and lost charges, while their Denials & Revenue Recovery services integrate automated denial and appeals management.
Acquisitions and Growth
Med-Metrix has expanded its business capabilities through the acquisition of several brands including Healthware Concepts, Miller & Milone, LLC, ARMCO Partners, PatientPal, and Tritech Healthcare Management. These acquisitions have bolstered Med-Metrix's service offerings and contributed to its robust growth in the healthcare RCM sector.