University Hospital
Overview
This case study explores how University Hospital Boosted Revenue 30% with Improved Ambulance Billing.
Problem
Streamlined Claims Processing: Real-time tracking ensured timely submissions for improved cash flow.
Enhanced Coding Accuracy: Collaboration with specialists minimized claim denials and maximized revenue capture.
Daily Financial Insights: Customized reports empowered informed decision-making.
Solution
Revamped Claims Importing: Streamlined realtime tracking and monitoring of claims ensured timely submissions and improved cash flow.
Coding Expertise and Education: Coronis’ specialists provided support in EMS billing regulations and documentation, improving coding accuracy and minimizing claim denials.
Tailored Reporting: Daily ad hoc reports provided University Hospital with real-time financial insights for informed decision-making.
Results
Increased Revenue: A conservative estimate of a 30% monthly revenue increase translated to substantial annual financial gain.
Improved Efficiency: Collaboration significantly reduced claim processing turnaround times, minimizing lost revenue.
Enhanced Transparency & Communication: The new system fostered clear and transparent communication between Coronis Health and the hospital.
Empowered Decision-Making: Daily reports provided real-time data for proactive management of revenue streams and financial optimization.