Time and time again, we have heard the struggles that institutions have in managing their charge capture processes. Many have cited the need for a robust software solution to identify missing and inaccurate charges. In an effort to respond to market demand, we have created erisRxTM and AssessTM.
erisRX™
erisRx™ empowers clinicians and hospital staff to efficiently manage hospital charge capture and reconciliation processes. The product consists of seven modules that can be purchased separately or as a group. The user interface is customizable as well, allowing users to choose how they see information, aiding in user product adoption and feeling of ownership.
erisRx™ solution:
- Is web-based, an industry accepted technology platform
- Structured to function like an email "inbox"; a technology that is familiar to most users
- Is highly customizable, allowing the user to drive what they see in their inbox and on their dashboard
- Houses the industry's most comprehensive proprietary rules-based code-pair logic that identify missing and non-compliant charges
- Allows the user to make changes to these virtual bills with the option of financial system interface capabilities
- Shows where the hospital is pricing below "cost"
- Alerts the user to potential cash flow problems via email alerts
- Promotes charge reconciliation by exception: only problem bills are reviewed
- Creates a more efficient charge capture and reconciliation process
- Provides a module for managing hospital late charges that do not make it to the bill
- Highlights hospital departments where the most opportunity exists
- Demonstrates immediate benefit of opportunities identified both gross and NET
Assess™
To better predict the true value of integrating erisRx™ into daily hospital revenue cycle operations and to gain a better understanding of current-state needs, ERIS Medical Technologies developed Assess:
Assess™ Solution
- Analyzes a full 12-24 months of patient bills
- Utilizes the same proprietary rules-based logic as erisRx
- Predicts top revenue enhancement and compliance opportunities by department
- Predicts gross/net revenue by payer for each opportunity
- Ability to view all claims associated with each stated opportunity
- Ability to perform custom searches
- Direct cut & paste functionality into client deliverables/presentations
- Reduces assessment time and costs by 50-70%
- Provides a more realistic assessment of the net impact associated with cleaning up charge capture operations