Brightree introduces Advanced Analytics, an analytics platform for HMEs designed to highlight workflow insights, KPI tracking, and peer benchmarking, without requiring users to aggregate data themselves.
Advanced Analytics is powered by billions of data points, providing HMEs with a scalable data solution. This enables smarter and more informed business decisions for revenue cycle management, business operations, and resupply programs, ultimately supporting better patient care, according to Brightree in a media release.
“Traditionally, HMEs have had to devote significant time, resources, and money to conducting baseline analytics and tracking business performance and trends,” says Brightree CEO Matt Mellott, in the release. “Now our customers can easily evaluate performance across their entire organization in one secure location, make faster, more informed decisions, and devote more time to serving their patients.”
Advanced Analytics features dynamic dashboards that distill information from an HME’s Brightree database and third-party databases, enabling HMEs to drill down into key performance indicators, including net revenue collection, accounts receivable, sales outstanding, and invoices.
The solution also features an easy-to-use interface so that HMEs can highlight trends, find opportunities, and discover actionable insights for improved outcomes. In addition, HMEs can benchmark their performance against anonymized HME organizations and industry averages, the release explains.
For more information, visit Brightree.
[Source(s): Brightree, Business Wire]