On this episode I spoke to Matt Seefeld, EVP at MedEvolve (@MedEvolve). He spent his career in healthcare focused practices and specialty practices and has been developing IT teams who are using analytics and machine learning to manage revenue cycle more efficiently.
We talk about the path to this point that was driven by the ever evolving space we inhabit with the end of the EMR craze and the need to make better use of the available resources. In fact their journey found them reducing head count by 60% as they watched their customers billable dollars decline under the pressure of shift from insurance payments to individual payments by patients moving to high deductible plans.
They created systems using the huge swathe of data they accrued on their practice management systems and services and found it was so good this because the central part of their business and offering to practices. As he puts it
We offer AI, billing and automation, and by the way you can have a practice management system as well
Listen in to hear how they developed solutions to optimize their own services that ultimately became solutions that they offered to their customers and the importance of transparency and the essential nature of data.
About the Show
For years Dr. Nick van Terheyden aka Dr. Nick, has served as a voice on the impact of new technologies on healthcare, earning a reputation as a leading authority on where the future of medicine is going. Combining powers of observation and real world experience, Dr. Nick has seen many predictions come true and makes the case that innovations in healthcare can be accomplished incrementally, not just by moonshot events. Tune in to hear Dr. Nick: The Incrementalist and his guests discuss what the future of healthcare looks like, how we will get there, and what it will take to improve healthcare for all.
This article was originally published on the Dr. Nick – The Incrementalist blog and is republished here with permission.