CAPTURE
more CASH.
The journey to gather
the missing piece of your
accounts receivable.
How much cash
is caught in your
accounts receivable?
4%
missed
NPSR
85%
low value
accounts
typically
unworked
96%
of NPSR
CAPTURE more CASH.
The journey to gather the missing
piece of your accounts receivable.
2
In many healthcare organizations, up
to 85% of your accounts receivable
(AR) remain unworked. At the same
time, this leaves about 4% of your
financial value unrealized. The longer
it sits there, the less likely you are to
capture it. Often times, much or all
of this 4% is left missing and is not
prioritized. The balances are either
low or the likelihood of collecting on
the denials is considered remote.
15%
high value
accounts
typically
worked
Today, advanced analytics software
can help you capture the missing
piece of your AR. For many hospitals
this could be tens or hundreds of
millions of dollars. By automating
the collection of up to 50% of this
missing piece, some hospitals could
collect as much as another 1% of
their total net patient service revenue
(NPSR).* That’s a lot of cash.
missing piece
of your AR
Capture AR you are
missing today with
advanced analytics
and automation.
now you can
work all of
your AR
*Outcomes vary per client.
CAPTURE more CASH.
The journey to gather the missing
piece of your accounts receivable.
3
Claims
Remits
Transactions
400
Proprietary
attributes
6,000
Business
rules
Advata Smart AR analyzes your data…
TM
Smart AR uses artificial intelligence (AI) and machine learning
(ML) to analyze financial transactions based on millions of data
points from our clients’ experience.
Smart AR predicts which of your accounts can be captured with
automation, and the next recommended action for staff to capture
even more.
CAPTURE more CASH.
The journey to gather the missing
piece of your accounts receivable.
4
Automate
Prioritize
workflow
(maximizing staff’s time)
Activate
fixes
upstream
…and delivers a detailed Discovery Roadmap.
In 30 days, Smart AR analyzes your data to create a roadmap
to find the “missing piece” in your AR.
The roadmap identifies where you can automate the “easy”
accounts that make up the bulk of your AR. Then, work is
prioritized so your staff can focus on the “hard” accounts with
higher value to intervene and improve overall AR performance.
Not only can the roadmap help you find the “missing piece” of
your AR, but it can help you fix larger root cause issues upstream.
As the system learns about your environment, it continues
to improve, processing more AR and presenting the next
recommended action.
CAPTURE more CASH.
The journey to gather the missing
piece of your accounts receivable.
5
Now you can work all of your AR,
leaving nothing out.
By combining automation with prioritization for your staff,
you can focus your limited resources on your highest value
AR needs. Together, you will work all of your AR,
and continuously capture more cash.
For many organizations, a small increase in revenue can make
a huge impact. For a healthcare organization with $1 billion in
revenue, a 1% increase amounts to $10 million every year.
staff
staff
Next recommended
action identified
for staff
= $10M for a $1B
NPSR institution*
automation
with bots
*Outcomes vary per client.
CAPTURE more CASH.
The journey to gather the missing
piece of your accounts receivable.
6
Advata is all about ROI.
Once the missing piece is analyzed, you can achieve a
meaningful return on insights and return on investment.
Return On
Insights
Return On
Investment
Discovery deliverables: What you get
An impartial recommendation of
the top automation opportunities,
with quantified impact.
Specific cash improvement opportunities
based on current AR and work steps
not being performed.
Itemized recommendations of
numerous manual work steps
which can be eliminated.
Detailed small balance strategy
recommendations with quantified
cash and cost improvement opportunities.
CAPTURE more CASH.
The journey to gather the missing
piece of your accounts receivable.
7
ANDREW MACDONALD
Chief Strategy Officer
“AR management is often a complex,
manual, time-consuming task,”
says Andrew MacDonald, Advata’s
Chief Strategy Officer.
“Smart AR exemplifies how advanced data
analytics and automation can transform
healthcare management and improve operations.
Advata’s customers use this core technology to
make their accounts receivable smarter.”
To date, Advata’s foundational technology
has generated over $500M of net patient
service revenue (NPSR) benefit to its customers.
CAPTURE more CASH.
The journey to gather the missing
piece of your accounts receivable.
8
It’s time to find your
missing piece of AR.
Schedule a discovery call.
advata.com/smartar/dsc
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