An Introduction to QMSoftware™

Successful, effective management of anything requires a detailed understanding of that subject. Likewise, if you desire to be successful at managing the receivables of your client's healthcare facility, then you must know the strengths and weakness of their personnel and understand the make-up and characteristics of their receivables.

If you are looking for a new tool that will give you a new perspective and understanding about your client's receivables and your client's patient reps’ performance, then QMSoftware™ is a must-see. QMSoftware™ is one of the most powerful receivables management tools available today for healthcare business offices.

Here are just a few of the many ways it can dramatically improve your client's business office operation:

+ Benefits
• BIG Picture. Enables you to see the receivables in their entirety. Pinpoint your client's current position to determine what direction you need to be moving. You will not find your client's destination if you cannot first determine their current location. The big picture enables you to create and navigate a map to success.
• Measure Results. The time has come to stop depending on activity based performance.  Divide and conquer by allocating accountability to individuals and measure their performance based on results. Activity is a necessity but does not always equate to results; reduce AR days, increase cash collections, and minimize bad debt.
• Role Depth. Unite your client's staff by providing a powerful solution for many different
roles in revenue cycle management; CFO, PFS Director, Team Supervisors, Collectors, Billers, Medical Records. Put everyone on the same page and working in the same direction using a common consistent tool.
• Strategic Focused. Take time away from the operational aspects of managing revenue cycle to create strategies and allow the system to measure the progress and success of your client's strategies.
• Supports Fundamental Reengineering. The success of implementing change is directly correlated to the level of acceptance of management and the systems that are in place to support that change. This is a principle based solution to support your client's efforts for change. Those who continue to do things the same way should not expect the results to be any different.
• Recover your client's Investment Quickly. QMSoftware™ is an “asset” not an “expense.” It is common for our clients to realize a complete Return on Investment (ROI) within the first few days of implementation. Thereafter, the system will consistently provide value to the revenue cycle.

+ Features
• Scorecards - KPI’s. At a moments notice, view the graphical representation of Key Performance Indicators (KPI). These visual factors will help your client's organization define and measure progress toward organizational goals. These are quantifiable measurements that reflect the critical success factors of your client's organization. Users will have flexibility in defining factors because they will differ depending on the organization.
• Trend Analysis. “your client's trend is more important than their current status.”  Major reporting features allow the user to see both the data and the graphical representation of that data through the analysis of trends in your client's revenue cycle criteria. This trending capability gives you the power to visualize, analyze, and share information to improve decision-making in business planning.
• Enhanced Reporting (adhoc). View your client's entire receivables or select any one of numerous segments of your client's receivables for an intelligent, quick and informed analysis. You have access to additional summarized roll-up categories which will enable you to slice and dice your client's receivables, easily perform multi-level sorting, and view it in multiple formats. There is no need to understand query programming languages; simply navigate your client's through their own receivables with a “point and click.”
• Patient Detail Drill-Down. From the beginning, this has been a unique feature of QMSoftware™; allowing the user, on each report, to simply click on the number of accounts link for a new window containing a complete patient detail list of the selected accounts. Get it from the people who brought it to you first!
• Payor Profiling. Develop a set of characteristics of a particular payor by looking at historical and trend information. Identify payors classes that allow you to map their history even quicker than others. Keep a close eye on payor trends and allow the system to highlight problem areas for historical periods.
• Unbilled Analysis. Instantaneously uncover the reality of your client's unbilled accounts (discharged not final billed & billed not mailed). Point and click, slice and dice, analyze, and utilize the patient detail capability on all of your client's unbilled accounts. Identify bottlenecks and develop strategies for working out future kinks.
• Daily Transaction Analysis. View current status and trends associated with charge (revenue), payment, and adjustment transaction information. Also, this feature includes late charge and over-under payment analysis further add depth to big picture of receivables.
• Supplemental Education. In order to support the on-going “change” philosophy in revenue cycle management, QMSoftware™ will provide you the necessary information to first understanding the need for “change,” and then to support you every step of the way as you implement this in your client's offices. Empower your client's and improve their management education with easily accessible learning material.