3M Health Information Systems Revenue Cycle Management Solutions

To address revenue, regulatory, and quality challenges, today's CFOs and revenue cycle teams are looking beyond A/R days and DNFB issues. They know they need to streamline workfl ow processes across departments, identify the most prevalent sources of potential denials, and analyze and correct the causes for their returned or rejected claims. Healthcare organizations—large and small, rural and urban—are seeking revenue cycle solutions that address and integrate three key components: people, processes, and systems.

Hospitals are realizing they need revenue cycle management solutions that can improve the fl ow of accurate, compliant patient data throughout the revenue cycle, ultimately resulting in the generation and submission of a clean claim the fi rst time. While each organization may face unique revenue cycle challenges, common denominators for success include generating clear and complete documentation, making the appropriate edits available at the appropriate times, and understanding the patient data process at each step in the revenue cycle to uncover and analyze the issues.

Another key to success is selecting an experienced partner who provides tested software tools and process improvement programs so that your organization can more quickly begin realizing benefi ts and a return on your software investment. At 3M Health Information Systems, we understand that implementing and maintaining sustainable improvements throughout the revenue cycle can be diffi cult and time-consuming. That's why we design modular solutions that your organization can implement when and where it needs them.

3M Expertise
3M designs products and consulting services that can help streamline fi nancial workfl ows and manage pricing in the context of your organization's long-term market strategy. Available for both inpatient and outpatient environments, 3M Revenue Cycle Management solutions help eliminate cumbersome processes by centralizing updates and reporting, while enabling an organization to achieve appropriate reimbursement for services rendered. With proven medical necessity, chargemaster, and document management products and services, 3M can help you identify and tackle the issues that are increasing denials and reducing your organization's reimbursement.

• Accurate, Complete, and Compliant Coding
• Revenue Management
• Medical Necessity and Compliance
• Chargemaster Management
• Grouping
• Document Management
• Consulting Services
• Workflow Engineering

3M Advantage
"The 3M™ Ambulatory Revenue Management Software has been a great solution for our medical necessity-related claims denials. It has helped us decrease the number of denials, the amount of rework, and the number of calls to patient accounting. Plus, we saw a 25 percent decrease in Medicare adjustments for lab and a 22 percent decrease in adjustments for x-ray claims."

—3M Ambulatory Revenue Management Software client and HIM manager for a 400 -bed acute care hospital

"The decline in write-offs over time has made a significant contribution to our bottom line. Annual write-offs that once totaled in excess of $360,000 monthly are now below $85,000."

—3M Medical Necessity software client and Assistant Vice President/Compliance Officer for a southeastern U.S. healthcare alliance (10 healthcare facilities, representing 1,199 licensed beds and more than 750,000 outpatient visits in 2006)