As the contracting landscape becomes more complex and health systems continue to grow, health care finance leaders struggle to work with disparate revenue data sources that limit the visibility needed to ensure profitable payer contracts.
As a result, leaders at best practice organizations are seeking "one version of the truth" for contract modeling, collections, and analysis. For those considering implementing a new hospital contract management and modeling system, Advisory Board experts have identified the following five critical evaluation factors:
- Contract Analytics and Contract Management
- Service and Implementation Support
- Denials and Payment Variance Workflow
- Reporting and Management
- Expertise and Analytical Support
Use our guide to help you through the technology consideration process to ensure that you are choosing the right tool.
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Should You Invest in a New Contract Management Tool?