RevBuilder™ is a web-based solution that works with and runs complementary to all existing enterprise platforms. There are no upfront fees or investment and RevBuilder™ generates its revenue from a revenue sharing arrangement with AcuStream clients based upon reimbursed missed charges identified by RevBuilder™. RevBuilder™ uses a rules-based engine to identify missed and unbilled charges in existing patient data. Once identified, missed charges are automatically routed to the relevant department for verification and billing. By recapturing lost revenue and reducing the cost associated with auditing charge data, RevBuilder™ generates an immediate increase in both revenue and profit margins. The Healthcare Financial Management Association estimates that healthcare providers fail to bill 3-5% of all reimbursable charges. This missed charge rate equates to $3 to $5 million for physician organizations with over 600 physicians on staff. RevBuilder™ has identified similar missed charge rates for its clients.
RevBuilder™ offers collaboration tools, a business intelligence dashboard and rules engine interface, which uniquely enables the financial staff to create rules on the go. AcuStream clients are able to gain unique visibility into the relative effectiveness of administrative procedures in all departments across their enterprise and staff traditionally focused on manual audits of charge data is able to focus their efforts on other process improvements and clinical staff can spend more time on what healthcare is supposed to be about, patient care.
Traditionally, financial procedures such as bill audit and reconciliation require multiple inter-departmental phone calls and labor-intensive research into patient documentation. Using a secure Web architecture, AcuStream applies business collaboration, rules, and intelligence functionality to link a hospital's financial staff with its clinical departments, immediately streamlining the reconciliation process. The results are a much faster payment cycle and a more productive and satisfied workforce; both financial and clinical.
AcuStream's rules engine interface is designed to allow financial staff to add, modify, eliminate, and audit rules. Anyone who can use a spreadsheet (not just programmers) can work with AcuStream to create, change, customize or eliminate rules. This unique flexibility allows you and AcuStream to adapt to the ever changing Provider environment (regulatory, payer, protocol, etc…).
AcuStream's Business Intelligence ("BI") dashboard delivers more than just key performance indicators and industry comparisons (i.e. drill down to the specific charge details to differentiate between random and systematic errors in order to create new rules). Trend-lining errors, root cause analysis and billing process improvement are standard fare with AcuStream and can be applied on a departmental level for real organizational understanding, motivation, and improvement.