How Comparative Analytics Can Guide You

At RemitDATA, our goal is to continually enrich our comparative data solutions and ensure you reap the benefits of comparative data analytics.

Knowledge is Power. Leverage comparative data analytics and influence the trajectory of your business.
 

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Apply Complete Episodic Cost Data to Your Quality and Outcome Metrics

Through Comparative Data and Our Proprietary Algorithms

Identify Cost Drivers and Quantify Savings Opportunities

How The Normalization Process Works:

This process utilizes an 18-month feed of payer claim data.

remit-normalization

Download the Apply Complete Episodic Cost Data to Your Quality and Outcome Metrics PDF



Identify High Dollar Procedures

Challenge

Providers need a way to identify high-dollar procedures that may be impacting their bottom line and causing them to stand out to payers.


Scenario

A practice that performs procedures billed in excess of $1,000 faces scrutiny from payers. As such, they need a method to ensure that each procedure billed on a regular basis is reviewed internally, and that each claim includes the required documentation before it is submitted. Reviewing procedures prior to submission could reduce the number of denials, in turn saving the practice time and money.


Solution

By leveraging comparative data along with the practice’s internal practice management systems, the provider now has a checks and balances system to reduce the risk of denials.

Specifically, within RemitDATA’s solution, the practice now can:

  • Review the Remittance Dollar Overview report for its service lines, and narrow down results to procedure codes where the average dollar amount billed is greater than $1,000.
  • Provide a list of the impacted service lines to internal billing staff to review the outbound claim in the practice management system.
  • Ensure all documentation is acquired and submitted with the original claim

Download the Identify High Dollar Procedures PDF



Identify High Dollar Procedures

Challenge

Providers need a way to identify high-dollar procedures that may be impacting their bottom line and causing them to stand out to payers.


Scenario

A practice that performs procedures billed in excess of $1,000 faces scrutiny from payers. As such, they need a method to ensure that each procedure billed on a regular basis is reviewed internally, and that each claim includes the required documentation before it is submitted. Reviewing procedures prior to submission could reduce the number of denials, in turn saving the practice time and money.


Solution

By leveraging comparative data along with the practice’s internal practice management systems, the provider now has a checks and balances system to reduce the risk of denials.

Specifically, within RemitDATA’s solution, the practice now can:

  • Review the Remittance Dollar Overview report for its service lines, and narrow down results to procedure codes where the average dollar amount billed is greater than $1,000.
  • Provide a list of the impacted service lines to internal billing staff to review the outbound claim in the practice management system.
  • Ensure all documentation is acquired and submitted with the original claim

Download the Identify High Dollar Procedures PDF



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