Syncordia Technologies and Healthcare Solutions Corp., a revenue cycle management company based in Toronto, Canada, unveiled a new software as a solutions offering.
Here are four things to know.
1. The solution aims to help healthcare providers accurately estimate accrual revenue, according to a news release.
2. The solution allows users to estimate revenue of individual services by evaluating various factors, such as the payer, procedure and procedure units, and historical collection experience, Syncordia said.
3. This approach is used at Syncordia's subsidiary, Health Services Integration.
4. "No business looks the same from one month to the next, so why should we expect our analytics algorithms to not vary with the changes in our business? At HSI we have solved this by snapshots and intelligent algorithms," Todd Trask, chief technology officer of Syncordia, said in the release. He adds, "We have used this analytics platform for our HSI clients for many, many years and now it is time to allow others to enjoy intelligent analytics as well."