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Financial Explorer

Cost Analytics and Quality Reporting

The Financial Explorer is an augmentation tool for back-office support staff and administrators. It provides a consistent and transparent view of financial opportunities and automates manual tasks, reducing labor and elevating quality control.

Financial Explorer

Cost Analytics and Quality Reporting

The Financial Explorer is an augmentation tool for back-office support staff and administrators. It provides a consistent and transparent view of financial opportunities and automates manual tasks, reducing labor and elevating quality control.

The Financial Explorer mines both structured and unstructured data, uses NLP and machine learning to gain insights from data.  Some of the key features include:

  • Automated manual tasks to reduce burden on your staff for documentation and quality control.
  • Automated patient registry building that is required for quality reporting and compliance for COVID, Stroke, MSK, Cardiovascular and other value-based care requirements (MIPS, MACRA, HEDIS, etc.). Months of effort can be achieved in minutes.
  • Automated risk adjustment reduces workload on staff by multiple folds.
  • Cost of Care Analytics to get a view on financial analytics across the organization.

 

Case Study:

CloudMedx deployed Financial Explorer to a healthcare group with over 10 locations. Their team was processing 1M patient records manually and it took them months to process. They wanted to expand their coverage to more locations but limited resources were limiting their capability to expand.

Result:

CloudMedx processed 1M patient records in under a day (Human processing was 5 charts an hour, CloudMedx automated processing was 500 charts / minute). Turn-around documentation within 1 day and reporting within 3 days. This allows the organization to expand their coverage with no additional resources.

More Details and the MIT Sloan Management Review article