Is self-pay on the rise? Is patient liability hurting your cost to collect?
Do your vendor assignments need to be modified?
Are contracts performing as budgeted?
Are you experiencing:
Erosion of the Payer Mix
Increased risk due to high-deductible health plans (HDHP)
Unknown Revenue Cycle leakage
Ever growing costs to collect
Do you need to:
Measure vendor performance
Isolate the benefit (ROI) of an initiative
Optimize budgeting and forecasting
Manage/estimate cash flow
Analyze upcoming opportunities or investments coming online
Reduce bad debt
Seal the Revenue Cycle
Mast Health has developed a platform (Meridian℠) to produce applications, services, and models to measure the efficiency of a healthcare revenue cycle. Meridian℠ allows a hospital or provider to isolate revenue lift, yield, and net revenue effects over time.
More than ever, revenue cycle performance improvement must be based on and entirely driven by business intelligence and the ability of the savvy Executive to leverage that in all stages of the Revenue Cycle. Cash performance must evolve and improve in response to the changing landscape of healthcare. The necessary predicate to that improvement is an acute understanding of all the factors that impact and can reduce the profitability of actual cash collected.
Meridian℠ comes with powerful analytic applications that allow revenue cycle leaders to slice and dice key data in order to make decisions and accurately forecast future earnings. Meridian℠ demonstrates in precise numerical terms how your cash is performing, month-over-month and year-over-year.
We are in the era of price transparency where exposure of charges is at an all-time high from payers, media, government, and even patients. Health systems and providers need to remain competitive while setting their prices near payment rates while recognizing high dollar deductibles are forcing consumers to scrutinize prices more every day.
Mast Health developed the Competitive Pricing Service in conjunction with the Meridian℠ platform to increase competition in key service areas while accurately measuring all net revenue implications.
Learn how Meridian℠ helped a hospital prove their internal process improvement was working.
Read more about Meridian℠ through white papers in our Downloads section.
Contact Mast Health now to setup Meridian℠ and start measuring the financial picture of your facility in this evolving risk-based environment.
Mast Health, a division of Mast Analytics, is an Austin-based software and services firm specializing in analytic applications for hospitals and providers to be used in decisions throughout the Revenue Cycle.
Our principals have been modeling and analyzing data for over 20 years and have created an innovative, accurate, and secure infrastructure from the ground up.