Healthcare Providers Discover the Difference with Currance Rev-Cycle Yield™ Performance Solutions
FOR IMMEDIATE RELEASE
- Newcomer launches innovative technology suite to help healthcare organizations achieve a new benchmark in revenue-cycle performance
- Powerful Rev-Cycle Yield™ tools deliver 2 to 6 percent improvement in yield, accelerate cash collections and reduce costs starting in the first month
- Game-changing solution platform leverages patented AI and predictive analytics to automate workflow and maximize the collection of earned revenue
Irvine, CA –July 23, 2021 – Founded in 2020 by healthcare revenue cycle industry experts, Currance announces the launch of Rev-Cycle Yield™ Performance Solutions designed to help healthcare providers achieve and sustain a 2 to 6 percent revenue cycle yield improvement. Built on proven artificial intelligence (AI) and predictive analytics, these highly-scalable turnkey tools deliver data-driven root cause analysis to reduce cost-to-collect, accelerate cash flow and significantly improve the collection of earned revenue.
“Maximizing yield is paramount to ensuring that providers are collecting on every dollar owed, which is the true benchmark of revenue cycle success. We’re setting a new standard to sustainably improve process outcomes and performance, by closing the gap between cash collections and earned revenue,” said Michael Halberda, who brings over four decades as a healthcare professional and innovator to his role as a founder and CEO at Currance.
Unlocking the Power of Rev-Cycle Yield™ through Patented Technology
Today’s hospitals, health systems and physician practices face unprecedented challenges to managing fiscal operations, with rising costs, compounded by the continuing effects of the COVID-19 global pandemic. Payer mix, patient volumes and other variables are constantly fluctuating. Designed to mitigate these variables and maximize contracted earned revenue, the Rev-Cycle Yield™ Performance tools bundle powerful HIPAA-compliant tools including Analytics (to deliver transparent revenue cycle performance reporting), Workflow (to enable efficiency in converting earned revenue to cash) and Collaboration (to promote collaboration of revenue cycle management staff working virtually).
Currance offers a new approach to looking at yield by embedding best-in-class knowledge of revenue cycle management into its proprietary patented technologies. Rev-Cycle YieldTM delivers a precise measurement of operational efficiency by quantifying performance at specified time intervals such as at 60, 90 and 120 days. Its metrics also measure levels of effectiveness by department, work teams and individuals. By isolating specific variables for potential delays, rev cycle leaders are able to determine critical paths for course correction. Rev-Cycle Yield™ drills down deep into individual accounts to provide a transparent view of the revenue cycle, with actionable insights and highly accurate operational key performance indicators (KPIs). The tools easily integrate with existing Patient Accounting systems to pinpoint process issues that may be hindering performance.
Professional Services and Workforce Solutions Optimize Financial Outcomes
“At Currance, we’re dedicated to empowering revenue cycle leaders with powerful analytics, precise metrics and actionable intelligence to allocate resources where they are most needed in order to maintain a steady cash flow and drive macro-outcomes,” adds Halberda. “Our tools, services and hands-on training across every touchpoint of the rev-cycle can improve cash collections in just a month.”
In addition to rev-cycle performance technology, the Currance Professional Services team partners with healthcare providers during initial implementation to provide assessments, manage process design and optimize high-performance talent through Currance’s Flex Workforce and Workforce Development solutions.
Please contact Currance here to request a Rev-Cycle Yield™ Performance Platform demo.
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Founded in 2020, Currance helps healthcare providers to achieve a new benchmark in Rev-Cycle Performance. Our patented tools, unique approach to measuring yield, operational playbooks, and highly trained Flex Rev-Cycle workforce solutions empower sustained revenue cycle performance improvement. Our people bring decades of industry leading experience with Revenue Cycle Outsourcing, Consulting and Product Development to help hospitals discover the difference in managing and measuring Rev-Cycle Performance.