Analytics and robotic process automation help boost revenue cycle efficiency
North Texas Orthopedics & Spine Center, which serves Grapevine, North Fort Worth and surrounding communities, has deployed a technology solution to improve its revenue cycle management. As part of the initiative, the organization will use Meridian Medical Management’s robotic process automation and PrecisionBI analytics engine to increase the benefits gained.
Lora Fulmer, chief administrative officer of the Center, says, “North Texas Orthopedics is always looking for solutions that will enhance our organizational effectiveness. Meridian Medical Management’s use of robotics and analytics, along with providing a team that specializes in orthopedics, really sets it apart from other solutions. Partnering with Meridian to optimize our revenue cycle management will allow us to focus on improving processes in other areas of our practice.”
According to Meridian Medical Management, its proprietary Revenue Acceleration Program combines technology, analytics, lean processes and services to improve the billing function for its customers. Robotic process automation works to increase revenues by improving consistency and speed of collection efforts.
Rob Gontarek, president and CEO of Meridian Medical Management, says, “Coupling robotic process automation with comprehensive analytics and industry-leading services helps improve the financial position of our customers.”