Veradigm Revenue Cycle Management

Formerly Allscripts Revenue Cycle Management

Veradigm Revenue Cycle Management is a software solution designed to optimize the revenue cycle for healthcare provider practices. According to the vendor, this comprehensive administrative and financial management solution is widely utilized by various healthcare professions and industries, including medical clinics, ambulatory care centers, specialty practices, and hospitals.

Key Features

Scheduling & Registration: According to the vendor, this feature automates tasks and streamlines the scheduling and registration process to improve workflow, reduce errors, and optimize resource allocation.

Eligibility and Authorization Verification: The vendor claims that this feature allows for the verification of patient eligibility and insurance coverage in advance, which can increase speed to payment, reduce claim rejections, and streamline the eligibility verification process.

Claims and Denial Management: The vendor states that this feature effectively manages the claims submission process, identifies and resolves claim errors, streamlines workflow, and aims to increase revenue by minimizing claim rejections.

Billing and Collections: According to the vendor, this feature aims to optimize the billing and collections process to reduce patient bad debt, streamline workflow, improve collections, and enhance revenue cycle performance.

Account Management and Advanced Analytics: The vendor claims that this feature provides deeper insight into the financial health of the practice through advanced analytics, real-time data monitoring, expert recommendations, and best practice insights for informed decision-making.

Revenue Cycle Analytics: According to the vendor, this feature acts as a business intelligence tool for critical decision support, generating powerful reports and analytics, providing transparency into financial performance, and seamlessly integrating with Veradigm Practice Management.