1. / An ED Company Leverages Automation to Improve Audit Efforts by 50%
Overview
One of the major challenges plaguing emergency department (ED) companies is revenue collection. For firms that provide ED services across multiple locations, maintaining a consistent and high-throughput coding and billing process is of utmost importance. The customer wanted to improve quality and reduce clinical document deficiency by automating ED coding and establishing a seamless workflow across all six sites they were operating in.
Problem
In offering their niche skills of ED services, the client was facing complexities in:
  • Establishing consistent quality of coding efforts and a standardized workflow across its sites
  • Increasing coding and billing accuracy and reducing time
Solution
Apexon leveraged the ApexED solution to automate the generation of claims in a secure application and created a workflow that provides meaningful recommendations. The client was able to: 
  • Automate the end-to-end ED coding process – level of service, CPT, MIPS, modifiers, ICD1O coding – with greater accuracy and lesser time
  • Implement workflow management to reduce licensing cost of PMS applications and enhance security
  • Integrate audit modules with the executive dashboard for quality assurance and performance enhancement
 
Impact
The secure and anytime-anywhere ApexED platform helped the client score on many fronts:  
  • 40% savings in FTE and related costs of training
  • 60% reduction in turnaround time
  • 3-5% improvement in overall quality 
  • 40-50% decrease in audit efforts
  • 10-15% reduction in denials
  • Vast improvement in first-pass payment ratios

Other Case Studies
US-based Physicians Group Improves ROI by 6X

Case Studies

Healthcare & Life Sciences
US-based Physicians Group Improves ROI by 6X

Learn how we helped a large physicians group based in the US use deep learning models to improve error identification by 3x and reduce financial leakage by 40%.

German Automaker Labels 12M Objects per Annum from Street Videos

Automotive & Manufacturing

Automotive & Manufacturing
German Automaker Labels 12M Objects per Annum from Street Videos

Discover how we helped a German engineering firm automate video labeling for their autonomous vehicle project to identify street objects and their location with over 82% accuracy.

Financial Advisor Gets Retirement Benefits Calculator to Predict Over 30 Years Ahead

Case Studies

Financial Services & Insurance
Financial Advisor Gets Retirement Benefits Calculator to Predict Over 30 Years Ahead

Discover how we helped a financial advisor offering online investment advice evaluate the feasibility of their retirement plans 30 years into the future.

Asset Management Company Analyzes Churn to Retain 50% of Passive Customers

Case Studies

Financial Services & Insurance
Asset Management Company Analyzes Churn to Retain 50% of Passive Customers

Discover how we helped an asset management company analyzes its high churn rate to identify opportunities for customer retention and improve CSAT

© 2021 Apexon. All Rights Reserved.