In this episode of the MediMobile podcast, we're uncovering how MediMobile's cutting-edge technology ensures that our clients see a rapid ROI, often within just one to three months.
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When it comes to financial efficiency in healthcare, time is money. That’s why the speed at which MediMobile delivers ROI is nothing short of impressive. Our customers at MediMobile see their return on investment within one to three months. This rapid turnaround is made possible by a combination of efficient charge capture, reduced claim denials, and streamlined workflows—all powered by MediMobile's advanced AI automation.
Lauren Hall, the Director of Business Development at MediMobile elaborated on the factors that contribute to this quick ROI, emphasizing that MediMobile’s systems are designed to capture every possible charge, minimize missed billing opportunities, and reduce the number of denied claims. “Our AI ensures that all charges are captured and those missed billing opportunities are minimized,” she explained. By connecting with the medical documentation directly, MediMobile ensures that every billable encounter is accounted for, translating into immediate revenue capture for healthcare providers.
Reducing claim denials is another critical component of the rapid ROI equation. Lauren shared that MediMobile’s AI-driven coding suggestions, which automatically generate accurate CPT and ICD-10 codes, are a key factor in minimizing denials. “Our AI is making sure that what is being billed out matches what is being documented, which will minimize those denials,” she said.
MediMobile’s real-time data integrations play a pivotal role in ensuring that every patient encounter is captured and billed accurately. Lauren highlighted how this system automatically tracks and records patient encounters, ensuring that nothing falls through the cracks. “We have auditing and monitoring tools that allow administrators to review and verify charges, ensuring that everything possible is being billed out,” she noted.
One of the most powerful features of MediMobile’s system is its ability to notify administrators of any potential missing charges or billing errors in real time. These alerts, combined with scheduled reports and customizable workflows, make it easier than ever for healthcare providers to stay on top of their billing processes and maximize revenue.
Lauren also shared a compelling success story from a client who significantly improved their financial outcomes after implementing MediMobile. This client had previously faced challenges with capturing all billable services due to limitations in their existing system. By utilizing MediMobile’s AI-driven charge capture and real-time patient population based on medical documentation, they were able to increase revenue and reduce operational costs. “They were earning significantly more revenue just based off of those encounters that had not previously been billed out,” Lauren recounted.
In wrapping up the episode, Lauren emphasized the transformative impact of MediMobile’s automation on healthcare providers’ workflows. By integrating AI and automated coding into the charge capture process, MediMobile allows providers to spend less time on administrative tasks and more time with their patients. “Our goal is to completely eliminate charge capture from providers' workflow,” she explained. This time-saving technology not only boosts efficiency but also enhances the overall quality of patient care.
From capturing every charge to reducing claim denials and automating time-consuming processes, MediMobile is transforming the financial landscape for healthcare providers.
If you're ready to see how MediMobile can deliver these benefits to your practice, don't hesitate to reach out. Visit our website to book a personalized demo or email us at sales@medimobile.com.
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