denialsiq™ know before you go, mgma 2015 · centricity practice solutions mostly edi data, but...
TRANSCRIPT
Imagination at work
DenialsIQ™ know before you go, MGMA 2015 APS Channel Partners
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DenialsIQ 2015 Commercial Playbook
Build market awareness and demand for Advanced Analytics Analyst meetings | blogs | social media | thought leadership | customer traction
C-Live MS (OPTIMUS) HFMA ANI MGMA HIMSS
4/12 4/29 6/22 10/11
Product Positioning
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To effectively position DenialsIQ you need to be able to position…
What it is
What it does
Why it is different
What is DenialsIQ?
DenialsIQ is an advanced analytics solution
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Ok great… what does that mean??
Analytics solutions address key questions to help drive specific business results
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Reporting: Real-time, native reporting tools to
monitor daily activities.
Ex: Crystal Reports, Centricity Analytics
Business Intelligence: Infrastructure to support
optimized historical reporting and dashboarding from multiple data sources.
Ex: Informatics, Reimbursement Analytics
Advanced Analytics: Advanced algorithms,
dynamic visualizations that represent large,
complex datasets and concepts.
Ex: DenialsIQ
JB31590US
What does DenialsIQ do?
DenialsIQ… uncovers unseen patterns from within claims denials
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Riiight , so does everything else…..
DenialsIQ surfaces unseen patterns to help capture missed opportunities
JB31590US
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Imp
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Reduce Cost
Our challenge was that the trends we were working took too long to define and usually didn’t pay off, even if we fixed them.
Corporate Director, Physician & Professional Services Orlando Health
Advanced statistical algorithms from GE Global Research identify
patterns by root cause factors
Refined by customers Using FastWorks methodology with four customer partners and built on Predix platform
GE’s revenue cycle experience Serving customer for over 40 years,
to help improve financial performance
Cost of rework – MGMA. Denials - The Advisory Board “Driving the Denials Management Initiative A Renewed Focus”
What makes it different?
DenialsIQ… helps administrators automatically identify the root
cause of their claims denials, so that they can work them more
quickly and do so without research.
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Proooooooooove iiiiiiiiitttt…..
DenialsIQ identifies denials patterns through root cause factors and prioritizes based on value, providing powerful insights that drive action, without research
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DenialsIQ
Where are my most costly and unexpected denials patterns? How do I fix them more effectively?
A “pile” of denials, each with a reason 300 denials x 1
Trends queried based on experience, intuition
With Insights
“The stuff we don’t know about.”
Patterns are identified automatically, can be resolved as a unit and
common themes provide context without research
De
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Dy
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Visu
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Invoice Count
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Level of unexpectedness
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Traditional denial resolution approach
JB31590US
So if a customer asks something like… “hey, what is this new DenialsIQ
thing I just got an email about,” what would you tell them?
What is DenialsIQ? DenialsIQ is an advanced analytics solution What does it do? that uncovers unseen patterns from within claims denials, What makes it different? helping administrators automatically identify the root cause of their claims denials, so that they can work them more quickly and do so without research
11 Excuse me - my customers need more than a fancy statement to convince them
What data is DenialsIQ using?
How is DenialsIQ getting the data?
Revenue Cycle application
What data is being used by DenialsIQ and how is it getting to the data center?
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Centricity Business
Centricity Group Management
Centricity Practice Solutions
Mostly EDI data, but supplementing with CB-specific data for better fidelity
Mostly EDI data, but supplementing with GM-specific data for better fidelity
All of the data for DenialsIQ for CPS is coming directly from EDI
Weekly extract from EDI & weekly extract from CB using Client Metrics extractor
Weekly extract from EDI & weekly extract from GM using scheduled queries
Weekly extract from EDI
Commercially available date
Production live w/ customer use
Revenue Cycle application
When is DenialsIQ available?
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Centricity
Business Centricity Group
Management Centricity Practice
Solutions
Commercially available now!
Commercially available now!
Commercially available now!
Production live now! Production live week of October 9th
Production live week of November 17th
Comprehensive financial management solution to help thrive through industry changes
1. Representative results realized by Children’s Orthopaedic and Scoliosis Surgery Associates, St. Petersberg, FL. 2. Average results experienced by a sample of ten practices with 11 or more physicians. 3. UC Irvine reduction in claims denials in their first month of using DenialsIQ
Improve productivity and increase revenue cycle efficiencies
• Reduce days in A/R by 18% within 3
months2
A/R Accelerator
Reimbursement Analytics
Monitor and benchmark KPI’s vs. peers
• Customizable business intelligence tool that
helps optimize practice performance
Hosted Claims Manager
Real time clinical editing engine
to optimize first-pass yield
• Reduce claims rework up to 50%1
DenialsIQ™
Uncovers hidden patterns based on root cause factors
• Reduced denials by 47% in first month
Productivity Optimization Services
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Schedule demos – In the booth we will have 2 CPS demo stations, and one each for
Pop Health, CB and DenialsIQ. Schedule private demos using the tool at the link below. Simply browse out to the dates of the conference and block times on the calendar during the exhibit hours shown below. https://GEHealthcareIT.resourcescheduler.net/resourcescheduler (if this is your first time logging in and you have issues, try logging in and leaving the password blank) Exhibit hours - The meeting will be at the Gaylord Opryland Resort and Convention Center. We are booth number 600. Booth schedule follows: Sunday, October 11 4:30 pm-6:30 pm Monday, October 12 9:00 am-5:00 pm Tuesday, October 13 9:00 am-1:30 pm
Product portfolio discussion and differentiation
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Using DenialsIQ, one customer experienced outstanding results in just one month…
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Case Study: UC Irvine Physicians Billing Group
Improve denials performance
Improve eligibility related denials
Improve coding related denials
Work more effectively
Improves financial performance by reducing denied claims
Challenges Solution Outcomes
PRODUCTS:
Centricity Business DenialsIQ
800+ physicians | $500M claims submitted per year | 30 Billing and Accounts Receivable groups
Reduced denied charges by 47%
Reduced by eligibility related denials by 29%
Reduced coding related denials by 7%
Reduced re-work cost $93k
The strong cash flow and stable financial performance that Centricity Business delivers helped us earn good ratings for the bonds we needed to fund the building of our Critical Care Hospital.
– Elizabeth Burrows IT Director Physicians Billing Group UC Irvine Health Results may vary and do not constitute a representation, warranty or performance guarantee.
Content - Provide dynamic resources that span the customer journey to help accelerate deals and maximize wins
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Name Location Status/Notes
DenialsIQ product FAQ • CB: SFDC click here
• GM: complete • CPS: complete
• CB: Complete
• GM: In Zinc ETD 9/2 • CPS:
Product brief • Zinc – Click here • Complete
ROI calculator • Web – Click here • Final edits: ETD 9/4
AutoDemo • Web – Click here for preview • ETD: FW37
Whitepaper • Gated version: Click here • Non-gated: Click here
• Complete
Website • Google DenialsIQ or click here • Complete – updates ongoing
Sales presentation • CB: SFDC click here • GM: SFDC click here
• Complete
Recorded product demo • Services portal: Click here
DenialsIQ Content Pack!!!!! Click Here
Introducing analytics with resources
Content Training Digital
Centricity Solutions for Financial Management: Analytics The right insights at the right time to help solve your biggest problems
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Reporting Advanced Analytics
Business Intelligence
L1: BI-Reporting L2: BI-KPI L4: Decision Support L5: Prediction L6: Prescription L3: Alerting & monitoring
Reimbursement Analytics: Helps
manage claims denials workflow and improve productivity with
• Pre-packaged and customizable KPI
reports, alerts and dashboards
• Peer-to-peer benchmarking vs. local and
national like practices
• Also includes: Claims, procedural and
productivity data
DenialsIQ: Surfaces unseen patterns based
on root cause factors that traditional reports and BI tools would not find
• Patterns delivered automatically without
human intervention by advanced algorithm
• Dynamic visualization display patterns by
dollar value, invoice count and impact
allowing users to fix problems in bulk
Solution Spotlight: Claims denials
Overview of IMP Activity Strategy/Tactics
Planning and content • Cross CBS segmentation
• Dynamic content strategy
Sales enablement • Sales training – product, market, content
Awareness • Thought leadership presentations w/ UC Irvine (HFMA, WRUG, ANI) • Digital – Blog, twitter
Demand gen • Group webinars • Launch communications • Tradeshows
Service and loyalty • Customer collaborators – build reference program
Channels • Direct - ongoing support and training for direct teams (PSS, ADM,
Services) • Indirect – working with APS VAR team
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