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Prince William Health System

Prince William Health System

Bedrijfsprofiel

Regio: United States
Omzet: N/A
Bedrijfstak: Gezondheidszorg
Functie: Finance, Operations

Background

  • Prince William is a 170-bed, not-for-profit hospital focused on providing exceptional, quality healthcare for the inhabitants in the Manassas, Virginia area
  • Headquartered in in Manassas, Virginia

Challenges

  • Lack real-time visibility into AR process given outsourcing of management and tracking and limited reporting
  • Reduce write-offs for insurance claims
  • Assess physician performance for contract renewal process

Solution

  • Deployed QlikView to ~15 users across 3 functions in US
  • Financial Analysis: Analyze physician scorecards – tracking by physician, what facilities operate in, # of patients, # of visits and operations, and revenue/cost/profitability by operations; identify top performing physicians
  • Revenue Cycle Analysis: Manage AR collections and claims processing with health insurance funds and patients; measure cycle time of collection
  • Resource Planning Analysis: Monitor utilization of facilities and corresponding staffing to optimize coverage and capture previously lost revenue due to capacity constraints
  • Rapid implementation in less than 5 days
  • Leveraged QlikView Server to aggregate data from disparate systems spanning clinical, financial and administrative systems

Benefits

  • Projected decrease in write-offs of insurance claims by 65% down from $15 million to $5 million per year
  • Reduced revenue cycle costs by bringing AR tracking, monitoring and collection internally (previously outsourced)
  • Improved revenue by analyzing physician scorecards to extend contract renewals to the high performing physicians
  • Increased capacity of facilities through streamlined processes and optimized scheduling

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