RelayAnalytics Acuity Puts Revenue Cycle Data to Work

  RelayAnalytics Acuity Puts Revenue Cycle Data to Work

Robust analytics platform merges eligibility, claim and remittance data to
provide visibility across the revenue cycle

Business Wire

ALPHARETTA, Ga. -- June 19, 2014

The flood of data generated by hospitals and healthcare systems as a result of
compliance, quality, payer and interoperability initiatives presents a
fundamental question: how to make the data usable. Today, RelayHealth^®
Financial is answering that question with RelayAnalytics™ Acuity 5.0, which
helps healthcare providers quickly and easily access strategic data to analyze
financial performance and operational results across the entire revenue cycle.

Many hospitals use disparate internal technologies, making data difficult to
access and analyze. By providing quick access to historical data and trends
within and across facilities, RelayAnalytics Acuity helps enable smarter,
faster business decisions without burdening IT resources.

“What good is all this data if you can’t use it to help with confident
decision making that drives performance improvement?” said Dave Mason, senior
vice president and general manager, RelayHealth Financial. “Hospitals and
health systems today need fast, easy visibility into the revenue cycle in
order to make timely, fact-based strategic decisions. RelayAnalytics Acuity is
designed to help hospitals capitalize on the data they have to improve their
business.”

RelayAnalytics Acuity presents deep insight across the revenue cycle by
enabling analysis of patient access, billing efficiencies, denials,
reimbursements, payer relations, ICD-10 impact, charge processes and clinical
services. Dozens of pre-packaged reports align specifically to business
processes impacting the revenue cycle and can be easily customized to satisfy
any organization’s needs.

RelayAnalytics Acuity 5.0 provides:

  *Strategic, actionable revenue cycle insight –  Acuity leverages a large
    volume of eligibility, registration, claims and remittance data to provide
    holistic revenue cycle insight that can help hospitals make strategic
    decisions to drive business process improvement.
  *Visibility into departmental performance interdependencies – Acuity
    provides a holistic view of the revenue cycle and how disparate
    departments impact one another and impact velocity and accuracy of payment
    (such as patient access impact on back-end cash flow).
  *Powerful, user-friendly custom reporting to quickly and easily gain
    insight within/across facilities – Pre-packaged reports can be easily
    customized to provide unique insights. Access to historical data within
    and across facilities with drill-down capability from macro to micro
    levels provides almost limitless views into the data to meet unique
    reporting needs.
  *Additional strategic value for RelayAssurance™ and RelayClearance™ –
    Acuity builds on the strength of patient access and claims management
    solutions by providing access to historical and trend data to help drive
    business process improvement across the entire revenue cycle.
  *Visibility into meaningful information and performance alerts upon login –
    A customizable homepage allows users to see the information most important
    to their roles. Performance alerts are customizable to highlight when
    performance thresholds are crossed. Default thresholds and key performance
    indicators are based on data analysis and benchmarks.
  *Near real-time access to key revenue cycle data – Helps users reduce
    reliance on IT resources to pull reports. Multiple updates of your data
    are done daily so information is constantly current and easily accessible.
  *Helps empower compliance initiatives by drilling into data to identify
    areas of risk in order to adjust systems or processes before deadlines to
    avoid penalties or rework.

To take the first step towards gaining improved visibility into the data that
can improve your revenue cycle management, contact a RelayHealth Solutions
Advisor at 1-800-752-4143.

For more information on McKesson RelayHealth Financial’s solutions, visit our
Web site at http://www.relayhealth.com/solutions/financial-solutions, learn
from our experts at the RelayHealth blog, or follow us on Twitter at
@RelayHealth.

For more information on McKesson Health Solutions, please visit our website,
hear from our experts at MHSdialogue, and follow us on Twitter at
@McKesson_MHS.

Related McKesson Health Solutions News

RelayAnalytics Pulse Provides Actionable Data to Help Hospitals Speed Revenue
Cycle
Providers Rank RelayHealth Number One in Revenue Cycle Satisfaction
RelayClearance Plus Takes Aim at Denials, Administrative Costs and Staff
Productivity
RelayHealth Financial Drives Just-in-Time Claims Intelligence to Streamline
Processes and Accelerate Payment

About McKesson RelayHealth Financial

Every day across America, more than 2,000 hospitals and health systems rely on
RelayHealth to help them process over 5 million patient claims, worth over
$1.1 trillion annually. Our broad array of revenue cycle management solutions
use the power of the cloud and big data to help healthcare professionals make
better financial decisions for their organizations and patients, right at the
point of care. Nobody does more than RelayHealth to bring healthcare
connections to life. For more information, visit
http://www.relayhealth.com/solutions/financial-solutions.

About McKesson

McKesson Corporation, currently ranked 15th on the FORTUNE 500, is a
healthcare services and information technology company dedicated to making the
business of healthcare run better. We partner with payers, hospitals,
physician offices, pharmacies, pharmaceutical companies and others across the
spectrum of care to build healthier organizations that deliver better care to
patients in every setting. McKesson helps its customers improve their
financial, operational, and clinical performance with solutions that include
pharmaceutical and medical-surgical supply management, healthcare information
technology, and business and clinical services. For more information, visit us
at www.mckesson.com.

Tags: McKesson, McKesson Health Solutions, RelayHealth, Revenue Cycle, Revenue
Cycle Management, Analytics

Contact:

McKesson Health Solutions
General and Business Press
Grant Evans, 610-205-5846
Public Relations
grant.evans@mckesson.com
 
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