Healthcare net revenue projection is manual and arbitrary, built on brittle models, at best.
Predicting revenue based on unadjusted, billed charges and broad payer reimbursement windows lead to inaccurate predictions for the coming months.
You shouldn't use a magic eight ball to predict revenue. Whether you calculate net revenue and cash by accrual-based or modified cash standards, Rivet helps you forecast net revenue with the granularity to confidently gain full visibility of the financial health of your healthcare organization, stop revenue leakage, and pursue strategic growth opportunities.
Dive into adjudication cycles, underpayments, and denials that impact your bottom line. Plan your next successful strategic initiative with Rivet at your side.
Using your historical and contracted rates as a roadmap, Rivet dives into the trends and nuances needed for an accurate picture of what to expect from your revenue. You can capture real-time predictions that allow you to proactively communicate reliable information in your reports — fast.
“You have to go to the insurance companies’ portals to figure out what’s happening with Every. Single. Claim. Whereas with Rivet, I can click on the claim and it tells me everything I need for rework. After a claim is submitted in our EHR, it takes anywhere from two-to-three weeks before I know about a claim being denied. But in Rivet, I know if a claim is denied within seven to ten days.”
Revenue Cycle Manager
“We’re so on top of our denials,” she said, “we’re getting claims off of our reports before they can even hit our reports. We’re no longer seeing denied claims become 180+ days old.”
Insurance Processor Services Trainer
“Before Rivet we’d work about 30 appeals a month. I essentially worked about 300 in about 4 days.”
Data Analytics/Informatics Manager
Indiana neurology practice
“Everything I need to work a claim is in Rivet. I can analyze an individual claim without jumping through hoops and going through the payer’s website. It’s all there for me. I can customize my worklist and my team can customize theirs. I work entire lists of denials in Rivet and resubmit claims to payers in bulk. I don’t have to worry about keeping my list up-to-date because Rivet does all the heavy lifting. We’ve saved so much time and energy when it comes to reworking claims. With Rivet, we’re working smarter, not harder.”
Medical Billing Specialist