Healthcare Revenue Cycle Analytics

Healthcare practices nationwide are optimizing revenue using Quinsite’s revenue cycle analytics solutions.

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Optimize Revenue Cycle Processes

Our Comprehensive Healthcare Analytics Platform™ empowers practice leaders by integrating your clinical, financial, and operational datasets and applying advanced analytics to arm you with actionable insights that drive operational efficiency across your practice. Our innovative solutions are a powerful addition to your practice management tool belt, improving transparency across your revenue cycle management processes, and uncovering potential revenue opportunities and areas for process improvement. Leverage dynamic views to monitor trends, audit billing and payments, and explore details at the patient/provider/location level.

Audit Billing Services

Dynamic dashboards ensure all patient care performed by your healthcare providers is captured and billed in a timely manner. Monitor accuracy of billing processes, whether outsourcing with billing companies or managed in-house.

Audit billing and payments
Identify payment gaps
Project upcoming reimbursements
Set billing benchmarks
Drill into charges by patient, provider, location, etc

Streamline Medical Billing Processes

Stay alert to trends and opportunities with real-time insights that support informed decision-making and improve financial performance and overall financial health for your organization.

Optimize reimbursements
Improve medical billing processes
Monitor charge and payment trends for timely troubleshooting
Ensure steady reimbursement cash flow

Manage & Reduce Denials

Analyze payments history, identify trends in underpayments and unpaid claims, manage claim denials, and drill down by payer/modality/CPT code to better understand where the most significant financial impacts are occurring.

Improve denial management
Reduce denial rates
Optimize reimbursements
Reduce coding errors
Drill down into data by payer, modality, CPT code

Kudos for Quinsite!

Terri Frazier

Coding Manager | Mecklenburg Radiology

“Quite honestly, Quinsite simply helps me sleep at night. Our business moves so fast, and we have such an abundant quantity of data that if you let up for just one day or two days, it can feel like a tidal wave. We must stay on top of that data daily or it will be a mess. Quinsite gives us peace of mind and serves as our safety net."

Joe Guiffrida

Chief Operating Officer | ARA Health Specialists

"Throughout the day, rotation, or shift, Quinsite keeps physicians informed about their performance in relation to the expected standards. This level of scrutiny is highly impactful, ensuring that individuals do not work at an unreasonable or unsafe pace that could lead to issues."

Linda Wilgus

Executive Director & Chief Financial Officer | Northwest Radiology

“Quinsite’s platform exceeds our expectations and is more comprehensive than anything else we’ve seen in the market. We have realized value in administrative time saved no longer manually generating reports around productivity, turnaround times, etc. They spend time to understand our systems and processes and are very collaborative with our existing team.”

Michael Gonzales

Executive Director Client Relations | PBS Radiology

“We are now able to quickly find actionable information! With so much data living in separate systems, it used to be a huge challenge just to identify which areas most needed attention. Now, with everything centralized in Quinsite’s platform, we can easily monitor trends and prioritize our efforts."

Marci Miller

Chief Administrative Officer | Radiology Associates of SLO

“Thank you so much for the great product you are providing to organizations like ours. The tools are amazing but the customer service goes above and beyond. My team is very thankful for all you do for us.”

Ryan Matej

VP of Finance | Southeast Alaska Regional Health Consortium

"Quinsite has transformed how we run our business! They helped take us from a reactive organization to a proactive organization poised for growth. We are able to monitor daily volume fluctuations and identify productivity opportunities in a timely manner. We are bringing in more revenue with the ability to track billing processes from end-to-end."

Scott Bundy, MD, FACR

Chief Executive Officer | Strategic Radiology Coalition

“Strategic Radiology (SR) has partnered with Quinsite to improve our coalition’s ability to aggregate data, develop metrics for improved workflow and revenue cycle performance, and identify best practices. We trust Quinsite’s team of experts and suite of data analytics tools to support a higher level of collaboration among SR member groups, foster greater innovation, and enable speedier development of solutions to improve the value and quality of the health care our members deliver.”

Streamlined Implementation & Top-Notch Customer Support

At Quinsite, your success is our #1 priority. Our implementation and customer success experts provide guidance for onboarding, training, and ongoing support to ensure successful utilization and year-over-year value.

Efficient, well-managed implementation process
Tailored approach to meet your unique needs
Expert support for utilization success

“Our practice is growing, our imaging centers are growing, our hospital partners are growing, and our community is growing. With help from Quinsite, we have access to the data and insights needed to support that growth.”

Ashley Wells - Practice Development Director at Delaney Radiology

Revenue Cycle Management (RCM) analytics are data insights that help health systems, hospitals, practices and other healthcare organizations streamline their revenue cycle processes, improve efficiency, reduce costs, and enhance revenue. Some key aspects of revenue cycle management include billing and coding analysis, claims management, revenue performance monitoring and tracking, and predictive analytics.

RCM data analytics, combined with clinical and operational systems data, can contribute significantly to reducing costs and improving outcomes by enabling data-driven decision-making that helps optimize resource utilization and streamline processes while ensuring high-quality service and patient care.

Revenue cycle analytics software works by collecting, aggregating, and analyzing data from various sources. Here is an overview of each step of the process:

Data Aggregation: The software gathers data from disparate sources across the revenue cycle, including electronic health records (EHR), practice management systems, billing systems, payer portals, and finance applications. This data can include a variety of information including patient demographics, encounter details, billing and coding information, claims data, reimbursement rates, and financial transactions.

Data Integration: The software integrates and normalizes the collected data to ensure consistency and compatibility for analysis. The process involves mapping data fields, standardizing coding conventions, and reconciling discrepancies between different data sources.

Data Analysis: Once the data is aggregated and integrated, the software automation applies various analytical techniques to derive insights and identify patterns. This may include descriptive analytics to summarize historical performance, diagnostic analytics to identify root causes of issues, or discrepancies, predictive analytics to forecast future trends or outcomes, and prescriptive analytics to recommend actions for optimization.

Key Performance Indicator (KPIs) Monitoring: Revenue cycle analytics software monitors key performance indicators (KPIs) relevant to revenue cycle management, such as claim submission rates, denial rates, days in accounts receivable, collection rates, and revenue per patient encounter. These KPIs help healthcare leaders track performance metrics, benchmark against industry standards, and identify areas for improvement.

Reporting and Visualization: This key to accessing your data! The software generates reports, dashboards, and visualizations to present the analyzed data in a user-friendly format. These tools allow stakeholders, such as revenue cycle managers, finance teams, and executives to easily access and interpret the insights derived from the data. Interactive dashboards allow users to drill down into specific metrics or filter data based on various criteria.

Healthcare organizations monitor their revenue cycle through both manual and automated systems that often include financial programs, billing systems, revenue cycle management (RCM) software and other analytics tools.

To most effectively manage and track revenue cycle various data points should be collected, including patient demographics, insurance information, encounter details, services provided, billing and coding information, claims data, payments received, and accounts receivable information.

Healthcare organizations can optimize financial performance, improve operational efficiencies, and ensure timely reimbursements for services provided to patients with efficient revenue cycle tracking.

Accessing healthcare revenue cycle analytics provides a number of benefits to healthcare organizations. Leveraging data insights helps practice leaders optimize financial performance, enhance operational efficiencies and improve patient experience.

Key impacts of revenue cycle analytics include: identifying revenue leakage and opportunities, reducing denials, improving collections and cash flow, optimizing payer contracts and negotiations, improving the patient financial experience, supporting overall strategic decision-making to ultimately drive long-term sustainability and achieve better financial outcomes.

Revenue Cycle Management (RCM) analytics are data insights that help radiology practices streamline their revenue cycle processes, improve efficiency, reduce costs, and enhance revenue. Some key aspects of revenue cycle management include billing and coding analysis, claims management, revenue performance monitoring and tracking, and predictive analytics.

Revenue cycle analytics benefit revenue cycle management (RCM) by providing actionable insights that help practice leaders make data-informed decisions that drive measurable change and support long-term sustainability and independence.

Revenue cycle management KPIs are quantifiable measures that help illustrate financial viability. Some of the most common KPIs for healthcare revenue cycle management include: days in accounts receivable (AR), denial rates, collection rates, aging of accounts receivable, payer mix, costs to collect and accounts receivable turnover ratio.

Using a healthcare analytics platform helps track KPIs by providing tools and capabilities to collect, analyze, visualize and monitor data related to revenue cycle management, track performance metrics, benchmark against industry standards and identify inefficiencies.

Healthcare Revenue Cycle Analytics

Healthcare Revenue Cycle Analytics