Five things you should always know about your vendors:
Introducing Vendor Watch. Now you can have real answers to all those questions, and more. Vendor Watch gives you total insight into the performance of your outsourced collection vendors – Extended Business Office (EBO), Bad Debt and Early Out. Using your own transaction data, we show you the true performance of your vendors, and their impact on your bottom line. You see how much revenue they help you capture, how quickly, and from which payers. You can compare vendors side-by-side to get a sense of their relative performance. And you can compare the ROI of outsourcing to the ROI of keeping it in-house. In all, you can fine-tune the efficiency of your CBO like never before.
By combining data analytics, visual science and predictive algorithms, we give you insight into the past, present and future performance of your outsourced revenue cycle vendors, and your in-house activities. Supported by two years’ worth of historical assignment and payment data, we project how your vendors will perform against any number of different scenarios that you set. By using this solution, you can make decisions going forward with a greater degree of confidence.
A true and current view of everything that you have assigned out to vendors: extended business office, early out and bad debt. See who is holding what and how payments are trending over time. Filter by any timeframe, any group of vendors, any group of payers.
Each of these tabs breaks down your A/R assignments by vendor, payer, balance and age. Compare your vendors across nine key vendor performance indicators including Cost to Collect, Average to Zero Balance and Variance from SLA.
No need to write scripts or build queries. Easily build reports with VisiQuate’s drag-and-drop report builder using over 30 data elements for slice and dice analytics.
Drag and drop visualization building with dozens of attributes and metrics. Easily create, filter and redraw visuals with any data elements you need.