Performance IQ Allows Healthcare Leaders to Compare Key Internal Performance Metrics Against Industry Standards
Chapel Hill, N.C., November 26, 2024 – Quinsite, a leading healthcare technology company, today announced a new suite of analytics-driven benchmarking solutions. Performance IQ is designed to help radiology organizations gain a comprehensive view of key performance metrics and compare them against industry standards and peer organizations.
Quinsite’s Performance IQ is comprised of Billing IQ, Productivity IQ, and Quality IQ. The all-in-one benchmarking solution will help organizations improve revenue cycle, enhance staff productivity and elevate patient care. The solution has been designed to integrate with billing, operational, and clinical systems; and to deliver updated benchmarking data monthly. This empowers healthcare leaders to take a more timely and holistic approach to identifying opportunities for improvement, optimizing processes, and driving success.
The first solution, Billing IQ provides detailed benchmarks to help healthcare organizations optimize revenue cycle management. By comparing key billing metrics – such as payments per work RVU, denial rates, and gross collection rates – against industry standards and peer organizations, Billing IQ identifies inefficiencies and opportunities for revenue growth. It empowers practices to streamline billing operations, reduce delays, and maximize financial performance.
Productivity IQ will focus on measuring and benchmarking provider productivity to enhance operational efficiency, improve scheduling, and optimize resource utilization. Quality IQ is designed to benchmark and elevate the quality of care being delivered to patients. Productivity IQ and Quality IQ will be available in 2025.
“We are proud of how Quinsite has helped so many healthcare organizations establish and track their own performance benchmarks and are excited that Performance IQ will now empower them to compare their internal performance against industry best practices and their peers,” explains Quinsite CEO Jeff Maze. “This becomes increasingly important as organizations strive to negotiate more competitive service agreements, meet increasingly complex reimbursement criteria and, respond to changing industry standards.”
Learn more about Performance IQ at RSNA 2024 by visiting Quinsite at booth #3966 (South Hall A, Level 3).
Today’s Performance IQ announcement builds on Quinsite’s reputation as an innovator in healthcare technology and the proven track record of its Comprehensive Healthcare Analytics Platform™. It follows on the heels of the company’s recent partnership agreement with Konica Minolta Healthcare to bring comprehensive workflow and operational analytics to healthcare leaders.
You can learn more about how healthcare leaders are leveraging integrated data analytics to support key performance metrics by downloading our eBook.
About Quinsite
Quinsite is a leading provider of integrated healthcare data analytics software to physician practices, hospitals, and healthcare organizations, touching over 40 million patients and more than 4,000 providers nationwide. Quinsite’s Comprehensive Healthcare Analytics Platform™ integrates and analyzes data from clinical, financial, and operational systems to generate actionable insights, easily accessed via one, user-friendly interface. The platform offers a suite of real-time, robust applications aimed at arming healthcare leaders with visibility across their entire organization to make data-driven decisions that increase productivity, optimize resources, improve quality, and boost revenue. For more information, visit www.quinsite.com and follow us on LinkedIn and Twitter.
MEDIA CONTACT:
Hannah Weant
Sr. Marketing Manager, Quinsite
M: 336-442-0198
E: hannah.weant@quinsite.com
