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Concorde Application is a
powerful, yet easy-to-use,
business intelligence tool for
Revenue Cycle Management that
provides secure access to
timely, accurate information.
It provides a single point of
access to information
throughout the organization.
Users enjoy significant gains
in productivity and
decision-making capabilities
via alerts, scorecards,
dynamic drilldown analysis and
statistical process control
charts.
Concorde can revolutionize
the way the organization uses
information. The solution:
- Provides a single source
of information for
strategic and operational
decision-making
- Leverages scorecards to
quickly identify and
address discrepancies
between current conditions
and strategic plans
- Helps managers focus on
key performance
indications (KPIs) by
providing business
intelligence reporting and
analysis to every level of
the organization
- Incorporates data from
virtually any source
systems
- Identifies root causes
of potential problems,
fostering quick and
proactive responses
Concorde is an advanced
healthcare performance
management tool that
consolidates clinical,
financial and operational
information from across the
organization. Its healthcare
data warehouse integrates
numerous data sources for
coordinated decision making
and performance monitoring.
Managers can improve quality
of care and financial
performance by measuring
current and historical
performance, planned process
changes and subsequent
results.
Concorde empowers the
organization to identify
performance improvement
opportunities and track
progress across the entire
enterprise.
- Increase efficiency and
profitability by
identifying best practices
and streamlining work
processes
- Improve operational
management with in-depth
cost accounting,
budgeting, service line
analysis and contract
modeling
- Drive strategic
decision-making with a
defined method for
measuring and analyzing
the full scope of
healthcare performance
- Extend the value of
existing information
systems by integrating,
organizing and
transforming data from
disparate sources
Accounts Receivable
Management Solutions through
Concorde:
Often, the primary reason for
low collections and revenue on
the medical claims may be
invalid denials by the
insurance company. and
Healthcare Provider not even
being aware of it. Hence,
healthcare providers miss out
on thousands of potential
revenue opportunities due to
underpayments and avoidable
denials.
In this scenario, it
becomes necessary for
Healthcare Providers to get a
regular snapshot view of the
updated status of the revenue
model. Concorde Impact
Analysis Service is designed
to give the Healthcare
Provider a snapshot of where
the business stands today,
highlighting areas of
unnecessary revenue loss and
ways to improve revenue.
Concorde's Impact Analysis
Service reviews the responses
received from the Insurance
companies via different modes,
to provide a comprehensive
Impact Analysis. The
Artificial Intelligence
validates the appropriateness
of reimbursements, denials and
delays in compensation and
delivers a detailed report.
Each Impact Analysis
provides valuable information:
- Bucket Trend AR Analysis
- Payer Trend AR Analysis
- Site to Site AR Analysis
- Status and Exception
Trend Analysis
- Denial Management
Analysis
- Bad Debt Analysis
- Month to Month or
Quarterly Trend Analysis
- Invalid Denials,
Avoidable Denials,
Underpayments
- Operational Savings
- Missed Revenue
Opportunities and Positive
Edits
Each Impact Analysis
includes:
- Performance Evaluation -
Administrative and
Outsource Performance
- Recommendations
- Holds Payers and Vendors
Accountable
- Concorde's Impact to the
Practice (Revenue
Improvement)
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