Becker's Hospital Review

August-2023-issue-of-beckers-hospital

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23 EXECUTIVE BRIEFING 3 EXECUTIVE BRIEFING Why Med-Metrix? Investing revenue to increase your yield may seem counterintuitive at first, but at Med-Metrix, the proof is in the ROI. Med-Metrix has delivered 4x-10x ROI for hundreds of hospital systems and physician providers nationwide. "Med-Metrix functions on what I call 'the four pillars,'" says Victor. The first pillar is RCM expertise. Med-Metrix was built by former CFOs and leaders at national Revenue Cycle and Turnaround Management firms, acute and sub-acute healthcare providers, large physician groups, and managed care companies. They saw the challenges firsthand and created a better way. And these leaders aren't just figureheads. These are people who will work side- by-side with you. "Second, we have technology-enabled workflow solutions so that you're working much more efficiently by prioritizing the most valuable work first," says Victor. Often, while healthcare organizations have their own patient management platforms, they don't have the sophisticated workflow that will auto-prioritize the work for them so that they're maximizing their efforts on the most valuable accounts. "Third is automation; many task-driven activities can simply be replaced through various automation solutions. And lastly, there's our labor arbitrage, giving you access to robust labor pools that are also cost-effective." The combination of those four things is how Med-Metrix helps offset the impact of those external pressures from inflation, staffing and workflow challenges, restrictive payer behaviors, and the increase in denials. So not only will the efficacy of your revenue cycle operations improve, but so will the efficiency (the cost per unit of work). Ultimately, those savings from the improvement in collections offset those external revenue pressures, allowing you to invest back into your clinicians and, most importantly, patient care. Whether you need end-to-end Revenue Cycle Management or a specific point solution, our team of passionate operators will co-own your challenges, goals, and outcomes. Whatever it takes to help you collect more revenue, we will do it. Starting now. It's no longer acceptable for RCM partners to sell an engagement and disappear. It's no longer enough for support teams to just solve technical issues. At least, not with us. Founded in 2010, Med-Metrix is a leading provider of performance and revenue cycle management services and technology to the healthcare industry. As former provider-side operators and current industry leaders, we have set a new standard for Revenue Cycle Management. One where advanced technology alone is just not enough. One where vendors follow through on their promises and continually collaborate toward your goals. We will co-own your revenue challenges, goals, and outcomes. Whatever it takes to make you successful, we will do it.

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