Claims clearinghouse ZirMed Inc. has introduced data analytics software to enable clients to measure how their revenue cycle management processes compare with peers and to identify areas for improvement.
The Louisville, Ky.-based company houses more than 150,000 national provider identifications and processes more than 500 million transactions annually. Now, the analytics product will support analysis and reports on a client’s proprietary data covering such measures as $0 paid and denied claims, adjustments by procedure, payer and category codes, at-risk procedure codes, average A/R days, patient ineligibility and patient financial responsibility, among other factors.
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