BayCare Well being System Embraces Higher Billing Effectivity and Accuracy with Oracle Well being’s RevElate
First facility within the Florida well being system goes stay on Oracle Well being clinically-driven affected person accounting product to carry automation and intelligence to its billing cycle
AUSTIN, Texas, April 12, 2023 /PRNewswire/ — BayCare Well being System, a 16-hospital system serving West Central Florida, is utilizing Oracle Well being’s RevElate at Mease Countryside Hospital, a 387-bed facility. With RevElate Affected person Accounting, BayCare can cut back repetitive and time-consuming guide knowledge entry by automating a number of steps within the billing cycle. This helps them decrease cost-to-collect and create a greater expertise for sufferers and employees.
RevElate, which is at present stay at BayCare’s preliminary facility, brings collectively a unified view of medical and monetary data to present prospects higher visibility into affected person exercise and accounts. The system tracks funds from sufferers and medical insurance payers to drive extra correct billing by serving to customers perceive anticipated reimbursements and remaining balances. BayCare plans to additional deploy RevElate throughout its complete community this 12 months.
“BayCare is at all times striving to effectively handle our enterprise income cycle course of, and we admire Oracle Well being’s dedication to income cycle effectivity with RevElate,” mentioned Lynda Gorken, vp for affected person monetary providers, BayCare Well being System. “By constructing on the power of Soarian Financials, which labored nicely for us, RevElate is enabling us to carry medical and monetary data collectively, supporting our mission of delivering a high quality affected person expertise at each step, from consumption to closing billing.”
BayCare is ranked among the many nation’s high 20% of huge well being techniques and is the main non-profit well being supplier in West Central Florida. For greater than 30 years, BayCare has relied on Oracle Well being expertise together with lab, pharmacy, digital well being report, and RevElate options to create efficiencies of their enterprise and higher serve sufferers.
Making a Extra Clever Billing Course of
RevElate is constructed on industry-tested workflows to simplify and automate affected person accounting which helps decrease prices, reduces administrative duties and creates a extra environment friendly and correct billing course of. Clients utilizing RevElate could profit from:
Course of automation that reduces guide knowledge entry and redundant duties
Correct classification of all new fees as they submit. The answer continually evaluates fees towards contract phrases to mechanically calculate web reimbursements previous to billing
Billing workflows related to medical affected person knowledge so payers have entry to the knowledge they should course of claims and reimburse suppliers
Studies that function a “single supply of reality” primarily based on mechanically reconciled knowledge between the EHR and RevElate
A contemporary, open structure that permits a number of events to securely share and act on data in close to real-time
A single, unified knowledge layer that’s EHR-agnostic to simplify community growth and knowledge interoperability
Cloud-based integration utility programming interfaces that create extra flexibility for healthcare techniques and builders
“RevElate helps advance affected person accounting, streamlining cumbersome processes for billing employees and utilizing the medical knowledge to offer much less complicated and extra simple billing for sufferers,” mentioned Brenna Quinn, senior vp of product, Oracle Well being. “Shopper insights, together with these from BayCare, have been vital to creating and evolving the product as we search to assist our prospects drive higher outcomes and enhance monetary power, particularly when they’re below super stress to be, and stay, worthwhile.”
To study extra about how Oracle is remodeling healthcare, go to Sales space #921 on the 2023 HIMSS International Well being Convention in Chicago, April 17-21, 2023 and e-book a gathering right here.
About BayCare Well being System
BayCare is a number one not-for-profit well being care system that connects people and households to a variety of providers at 16 hospitals and lots of of different handy areas all through the Tampa Bay and West Central Florida areas. Inpatient and outpatient providers embrace acute care, major care, imaging, laboratory, behavioral well being, residence care, and wellness. Our mission is to enhance the well being of all we serve via community-owned, well being care providers that set the usual for high-quality, compassionate care. For extra data, go to BayCare on the Internet at www.BayCare.org.
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