Reinventing Healthcare Reimbursement with Preactive Technology
The Imperative for Change
A Transformation in Healthcare Reimbursement is Overdue
Participating in today’s healthcare system often feels like a rigged game, with providers perpetually scrambling to keep up with ever-changing regulations. The AHA and AMA report that this chaotic environment is exacerbated by factors such as:
- Declining Medicare reimbursements
- Labor shortages
- Budget constraints
- Shifting service models from fee-for-service to value-based care
- Contract renegotiations, and disjointed technological solutions
The necessity to constantly react to these challenges is unsustainable. It’s time for a strategic pivot—shifting from reactive measures to preactive foresight.
From Reactive to Preactive: A Visionary Approach
Envision a system where potential issues are anticipated and addressed before they manifest. By focusing our efforts on preactive AI technology, we can transition from constantly resolving problems to enhancing patient care. Preactive AI systems can analyze vast amounts of data to foresee and mitigate future complications, such as medical necessity denials or potential appointment cancellations, thereby safeguarding revenue and improving operational efficiency.
Laying the Foundation for Success
Human-Centric Technology Integration
Proven Outcomes: A Future of Optimized Healthcare
Adopting a preactive approach to revenue cycle management has demonstrated significant improvements, as evidenced by IKS Health’s collaboration with a multi-specialty medical group. This partnership resulted in a substantial reduction in denials and a notable increase in economic value added within just one year. The figures speak volumes:
Conclusion
The transformation from a reactive to a preactive approach in healthcare is not only possible; it’s imperative for the sustainability of healthcare systems. Embrace the future of healthcare by collaborating with IKS Health to revolutionize your revenue cycle management. Let’s not just patch problems — let’s prevent them.
Visit IKS Health to learn more about revenue cycle optimization and how you can stop patching problems and start keeping them from ever happening in the first place.
Mayank Pant, Senior Vice President, Outcomes Excellence and Product Innovation, Revenue Optimization, IKS Health
Mayank Pant is an accomplished healthcare leader and entrepreneur. In the past two decades he has consulted and advised some of nations most influential healthcare organizations helping them manage cost, optimize revenue, and deploy technology. At IKS Health, Mayank leads the product innovation and growth pursuits for our margin and coding practices.
Before coming to IKS, Mr. Pant co-founded Reventics Inc. At Reventics, Mayank headed the new product innovation and growth strategy. Before Reventics, Mr. Pant spent over a decade at Sutherland Healthcare Solutions in India and the US, managing different roles across P&L management, customer advisory and innovation.
Mr. Pant is an alumnus of Northeastern University, Boston, where he completed his MS in Innovation. Mr. Pant lives with his wife and two children in Bridgewater, NJ, and enjoys reading, mentoring start-ups, and traveling with the family.
