Ability app targets financial, revenue cycle improvement at long-term post-acute care organizations

Minneapolis-based health IT company Ability Network introduced a Medicare analytics and benchmarking app for long-term post-acute care organizations, such as home health agencies and skilled nursing facilities.

The app, called ABILITY | INSIGHT, aims to help these organizations improve their revenue cycle and finances. ABILITY | INSIGHT, which is able to integrate with Ability's Medicare revenue cycle offering, offers peer-to-peer review. It allows users to benchmark their performance against similar organizations in their geographic area, according to the company. App users are also able to compare their organizations with similar organizations in the state and across the U.S.

"Seeing where a provider stands relative to a cohort of similar organizations on a local level can be crucial in helping post-acute care providers understand where they're doing well and where they can improve," said Bud Meadows, chief revenue officer at Ability Network. "This unique feature in ABILITY | INSIGHT is made possible by the breadth of Ability's customer network and the volume of Medicare data processed. This allows us the opportunity to give our customers an unparalleled look at their own standing relative to blinded peer data."

 

 

More articles on healthcare finance:

Ascension's net income more than triples to $1.8B
Sen. Grassley: Tax-exempt hospitals shouldn't need 'herculean oversight' to meet charitable obligations
California hospital's reporting errors cause Medicare to overpay 173 other facilities

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.

 

Articles We Think You'll Like

 

Featured Whitepapers

Featured Webinars