Healthcare Analytics and Reporting Services

Are you struggling to derive actionable insights from your healthcare datasets? Is this costing you in terms of operational efficiency and patient outcomes? An expert healthcare analytics service provider can help you unlock value from your datasets and streamline your services. Our vast experience in analytics and reporting will assist you in extracting actionable insights from complex datasets to drive informed decision making.

24+

Years of Experience

13+

Industry Verticals

5000+

Experienced Professionals

StripHealthcare Analytics and Reporting Services

Outsource Healthcare Analytics and Reporting Services to the Expert

We have over two decades of experience providing analytics and reporting services to healthcare providers in the US. Our team comprises professionals such as data analysts, subject matter experts, reporting specialists, etc. with a solid understanding of healthcare operations, including clinical processes, regulations, and patient data privacy. They blend their knowledge, technical proficiency, and analytical skills to report findings effectively to providers.

Our analytics and reporting specialists are committed to assisting you in enhancing your understanding of both your patients and operational processes. Because of this, we focus on delivering concise, user-friendly reports and visualizations, throwing light on crucial performance metrics like denial rates, claims rejection rates, days in Accounts Receivable (AR), underpayments, and suboptimal patient collections. Through our comprehensive analysis, our clients have gained insights into the underlying trends behind claims denials and rejections, uncovered lost revenue from unpaid claims, and discovered the right strategies to mitigate revenue leakage.

Our process begins with collecting structured and unstructured data from diverse sources, such as EMR systems and financial reports. This is followed by cleaning, categorizing, and validating the data to ensure accuracy before storing it in a unified repository. Next, our experts utilize advanced analytics tools and methodologies to analyze the data and unearth trends and patterns. Finally, we create tailored reports, complete with easy-to-understand visualizations, and present them to the client.

Our Healthcare Reporting and Analytics Process

  • Data Collection

    Initially, our team gathers structured and unstructured data from various sources, including EMR systems, billing records, and financial reports.
  • Data Cleaning and Validation

    Next, we clean, categorize, and validate the collected data to ensure accuracy and store it in a common repository.
  • Advanced Analytics

    This data is analyzed by our experts using cutting-edge analytics tools and methodologies to identify trends, patterns, etc.
  • Result Interpretation

    The outcome of the analysis is interpreted by a team and validated by experts.
  • Customized Reporting

    The interpreted outcome is tailored into reports with appropriate visualization and sent to the client.
  • Performance Monitoring

    Our experts continuously monitor KPIs, comparing actual outcomes against predicted results to spot deviations.

Our Comprehensive Healthcare Reporting and Analytics Services

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  • Performance Metrics Tracking
  • Revenue Trend Analysis
  • Denial and Rejection Analysis
  • Claim Submission Accuracy Assessment
  • Payer Mix Analysis
  • Key Performance Indicator (KPI) Monitoring
  • Coding Accuracy Review
  • Compliance Monitoring and Reporting
  • Accounts Receivable Aging Analysis
  • Financial Forecasting and Budgeting
  • Customized Reporting Solutions

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The Invensis Advantage for Healthcare Analytics and Reporting Outsourcing Services

Robust Data Integration Capabilities

We gather unstructured data from disparate sources, such as EMRs, billing systems, and financial databases, and integrate it using advanced tools to ensure comprehensive data coverage for insightful analysis.

Scalable Infrastructure

Our services combine flexible infrastructure, dynamic resource allocation strategies, and advanced cloud-based solutions to adapt to changing data volumes and processing requirements.

Advanced Data Analytics

We use advanced tools and methodologies to analyze vast datasets and identify patterns, trends, and anomalies within RCM processes. This proactive approach enables early detection of billing errors leading to revenue leakage and potential compliance issues.

Real-Time Visibility

Our reporting dashboards offer real-time visibility into key RCM metrics such as claim status, revenue trends, denials, and more at a glance, enabling proactive decision-making and timely interventions to maximize revenue potential.

Advanced Data Visualization

Our data visualization experts employ techniques like heat maps, scatter plots, and trend lines to present data in a visually compelling manner, facilitating quick decision-making and strategic planning.

Robust data security measures

We adhere to industry best practices, regulatory requirements (such as HIPAA), and security protocols (encryption mechanisms, access controls, audit trails) to proactively identify and address vulnerabilities.

Step-by-step process for Healthcare Analytics and Reporting Services
Step-by-step process for Healthcare Analytics and Reporting Services

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Invensis - The Most Trusted Healthcare Analytics and Reporting Company

We have over 24 years of expertise in offering robust insights and data-driven strategies to healthcare providers across the US. Our track record involves empowering clients, ranging from small clinics to mid-sized hospitals and private physicians, to harness the full potential of their datasets. Our meticulous analysis and actionable insights have enabled our clients to achieve remarkable results, including reducing claims denials and rejections by up to 35% and accelerating accounts receivable (AR) cycles by 25%. Collectively, these efforts have assisted them in slashing revenue leakage by as much as 40%, leading to significant improvements in their financial performance.

24

Years of
Experience

10+

Industry
Verticals

5000+

Experienced
Professionals

ISO: 9001:2015 Certified Company
ISO  27001:2013 Certified Company
HIPPA-Complience

35%

Reduction in Claims
Denials and Rejections

60%

Increase in
Clean Claim Rate

25%

Accelerated
AR cycles

20%

Improved Patient
Collections

90%

Decrease in
Billing Errors

40%

Reduction in
Revenue Leakage

Finance and Accounting Tools We Specialize In

Xero
NETSUITES
Microsoft Dynamics GP
Quckbooks
Peachtree
ZOHO
Appfolio
Wave

We Provide
Services

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What Our Customers Say

We have been working with Invensis for the past two years, and they have helped us overcome many revenue cycle management challenges. The team often walks the extra mile to ensure that our needs are met.

Christina Sussex
Leading Healthcare Provider in France

Invensis has been our revenue cycle management healthcare outsourcing partner for the past 5 years. They have always delivered on their commitments, whether it is meeting our Service Level Agreement (SLA) or improving our billing process.

Christopher Middleton
Leading Healthcare Company in US

Invensis has been a great partner providing quality medical coding and billing services. The team is extremely responsive to every query we pose, and the turn-around time for deliverables is always as committed.

Chris Lauren
Leading Healthcare Company in US

What Our Customers Say

We are thrilled with the impeccable chiropractic billing services offered by Invensis. Their comprehensive knowledge of the industry, prompt claims processing, and meticulous attention to detail have immensely benefited our healthcare reimbursements. Highly commendable!

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John Davis
Leading Healthcare Company in the UK.

We are extremely pleased with the exceptional hospital billing services provided by Invensis. Their expertise and attention to detail in Medicare billing and compliance in medical billing have streamlined our revenue cycle and improved financial performance.

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Emily Johnson
Leading Hospital in the US.

Invensis has been an invaluable partner for our organization, providing exceptional ASC billing services. Their expertise and dedication have significantly improved our revenue cycle management. Highly recommended!

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Sarah Smith
Leading Healthcare Provider in Italy.

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Contact Information

You can reach us at:

Call us
+1 (302)-261-9036
sales@invensis.net
Locate Us
Invensis Inc. 2785 Rockbrook Dr STE 204 Lewisville, TX 75067

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