Business Intelligence:
Ever-Expanding Insight Into Improving ASC Profitability
Powered by MEDIBIS®, GENASCIS offers unprecedented business intelligence capabilities that can help increase ASC performance across the entire revenue cycle, guide focused process improvement and inform better business decisions, specifically in terms of payer contract negotiations. GENASCIS Business Intelligence services can effectively determine where your resources are best spent in collections, accurately uncover payment patterns by payer, specialty, etc. and identify which physicians and caregivers are performing best financially.
By collecting valuable data at each stage of the revenue cycle (transcription, coding, billing and collections), our MEDIBIS technology platform establishes a comprehensive data repository that grows and improves along with our partnership. What’s more, we collect data from each of the ASCs we serve and can cross reference all of this information for benchmarking and other industry trending.
Transcending mere data collection and reporting, GENASCIS Business Intelligence offers you greater control, vastly improved visibility and actionable insight into improving your profitability. Take advantage of access to synthesized data relevant to the following areas of ASC operations: billing and collections, accounts receivable, case analysis, cost analysis, reimbursement analysis, financial benchmarking, clinical analysis, inventory analysis and scheduling analysis.
GENASCIS Business Intelligence services will empower your ASC to make better decisions by turning raw data into real information, achieve greater efficiencies by getting the most out of your business data and gain a competitive advantage by having timely, flexible access to company data. The result—measurably increased top and bottom lines.
- Gain competitive advantages by having timely access to your data
- Spend more time analyzing and less time compiling your data
- Make better decisions by turning your raw data into useful information
- Gain more insight into your operations
- Identify ways to increase your revenue while decreasing costs
- Achieve greater efficiencies by getting the most out of your data
- Measurably increase your bottom line
- Identify opportunities through better intelligence
- Work with your data in a powerful, easy-to-use, secure, web-based tool
- Analysis of capabilities at the 50,000-foot level
- View your business performance metrics across multiple dimensions
- Analyze charges, payments, write-offs and case totals by payor, physician, procedure, transaction type and more
- Combine supply and staff costs into one analytical cube to give you the big picture without the time-consuming search
- Access clinical statistics and instantly generate reports from an overhead view down to a single case
- Compare and analyze direct costs across specialties, physicians and procedures
- Analyze supply item purchasing and usage trends over time
- Identify procedures that are commonly paid incorrectly to isolate billing problems
- Prioritize cases by amount due to ensure maximum reimbursement
- Identify overpayments so take-backs are known in advance
