Iowa Health System Chooses MediRevv's New Revenue Integrity Service
Will help Iowa Health System strengthen their insurance audit and recovery efforts to prevent writing off lost insurance collections
MediRevv , a healthcare revenue cycle management company, recently announced that its existing client-partnership with Iowa Health System (IHS) is expanding to include its newly launched Revenue Integrity Service http://www.medirevv.com/revenue-integrity . MediRevv’s Revenue Integrity Service will help IHS, which is the fifth largest non-denominational health system in America, reduce the amount of lost revenue associated with its payer contracts.
Prior to MediRevv helping IHS with its Revenue Integrity Service, MediRevv has provided accounts receivable conversion assistance as IHS moves its core hospital information system to Epic.
“Trusting MediRevv with the opportunity to identify and collect a significant amount of missed revenue was an easy choice,” says Betsy McVay, Iowa Health System’s Interim Director of Corporate Decision Support. “We are confident they can provide effective insurance audit-and-recovery services to help optimize our revenue cycle operations. MediRevv’s focus on all aspects of the revenue cycle provides us with a comprehensive solution to drive improved financial performance for IHS.”
“It is unfortunately common for healthcare providers such as Iowa Health System to have to write off a significant amount of revenue that is contractually owed to them via payer contracts,” explains Christopher Klitgaard http://www.medirevv.com/leadership , president of MediRevv. “We will help IHS address this important issue with our new service.”
MediRevv’s recently launched Revenue Integrity Service leverages its dedicated highly educated Insurance Specialists along with secure, web-based software that incorporates:
- A precise calculation engine that identifies payment variances to reveal true revenue potential
- Robust financial dashboards and Key Performance Indicator (KPI) reporting tools to help identify payer patterns and trends
- The capability to generate bulk appeals that speed the process to maximum revenue collection
About MediRevv
MediRevv is a healthcare revenue cycle management (RCM) company specializing in helping hospitals, health systems, academic medical centers and physician groups improve their cash flow and grow their revenue. Renowned for its highly educated workforce, MediRevv employees have a deep understanding of the business of healthcare and revenue cycle. Each member of the MediRevv team is committed to delivering upon customized solutions that are jointly developed with each client and focus on excellence in four key areas: patient satisfaction, productivity, quality, and key performance indicator reporting. The end result of this proven process is 100% strategic alignment and exceptional results. For more information, visit http://www.MediRevv.com.
About Iowa Health System
IHS has relationships with 26 hospitals in metropolitan and rural communities and more than 200 physician clinics. With annual revenues of $2.8B, IHS entities provide patient care in Illinois and Iowa and employ greater than 24,000 employees. The nine senior affiliates of IHS are: Iowa Health Des Moines (Des Moines, Iowa); Allen Health Systems, Inc. (Waterloo, Iowa); Finley Tri-States Health Group, Inc. (Dubuque, Iowa); St. Luke’s Health System, Inc. (Sioux City, Iowa); St. Luke’s Healthcare (Cedar Rapids, Iowa); Trinity Health Systems, Inc. (Fort Dodge, Iowa); Trinity Regional Health System (Rock Island, Illinois); NewGroup (physician group); and Methodist Health Services Corporation (Peoria, Illinois). Over the years, IHS hospitals have received national recognition for quality, service and patient satisfaction, including the Magnet Award for Nursing Excellence, Top 100 Heart Hospital designation, Health Grades Patient Safety Award, Gold Iowa Recognition for Performance Excellence, and more. IHS entities also include four accredited colleges of nursing and/or allied health fields and approximately 800 employed physicians. For more information, visit http://www.ihs.org.
SOURCE: MediRevv