Compare Experian Health vs. Prospection

The process of patient access serves as the foundation for the entire revenue cycle management in healthcare. By ensuring that patient information is accurate from the outset, healthcare providers can minimize errors that often lead to additional work in administrative departments. A significant portion, between 10 to 20 percent, of a healthcare system's revenue is spent on addressing denied claims, with a staggering 30 to 50 percent of these denials originating from the initial patient access phase. Transitioning to an automated, data-oriented workflow not only mitigates the risk of claim denials but also enhances patient care access, thanks to features such as round-the-clock online scheduling options. Furthermore, patient access can be refined by streamlining billing processes through real-time eligibility checks, which provide patients with precise cost estimates during registration. Additionally, enhancing registration accuracy leads to greater staff efficiency, allowing for immediate rectification of discrepancies and errors, thereby preventing expensive claim denials and the need for further administrative corrections. Ultimately, focusing on these elements not only safeguards revenue but also elevates the overall patient experience.

We gather comprehensive patient data to provide you with an invaluable tool for comprehending patient behaviors and requirements. Our platform, PharmDash, organizes this information into an easily navigable interface that allows for rapid filtering, giving you immediate access to cross-sectional views of your targeted patient populations. This enables you to identify who is in need of your treatments and to determine the areas where your pharmaceutical influence should be strengthened. Furthermore, the predictive capabilities of our machine learning analytics allow you to anticipate which patient groups may need your specific treatments in the future. With Prospection, you can effectively plan your resource allocation and remain informed about emerging trends in the pharmaceutical landscape. This ensures that you can pinpoint the right patients at the optimal time for intervention. Leveraging historical data not only provides you with a competitive advantage in identifying your target demographics but also offers solid evidence to connect patients with appropriate treatment options, ultimately enhancing patient care. As a result, you can make more informed decisions that align with both patient needs and market dynamics.