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Company & Technology Overview
Driving results in over 100 hospitals
with more than $ 6 billion in revenue
Collect More Cash Collect More Efficiently
Healthcare Revenue Cycle SaaS-based Apps Driven by operations to create sustainable results
Trusted for over 40 years
Founded in 1971 as Brim HealthCare - nationwide hospital management company known for quality and integrity. Now named HealthTech Management Services
Launched HealthTech Solutions Group in 2010 based on our deep operational expertise. Purpose is to provide innovative revenue cycle technologies and services
History
HealthTech Solutions Group – Guiding Principles
Collect More Cash
Concise claim analytics engine
Collect More Efficiently
Proprietary Collections Management Platform
Improve AR Management
Unprecedented AR Business Intelligence
HealthTech Today
3
HealthTech Solutions Group is trusted by over 100 hospitals nationwide
Key Statistics:
Client Profiles:
• Over 100 acute care facilities using our software • Over $6 billion in NPR • Interfacing with over 13 patient accounting systems
• For Profit Systems • Not for Profit • Urban, Rural, County, Community, CAH Hospitals • Acute, sub-acute • ASC, Psych, Clinics
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HealthTech’s SaaS-based “App Store” All you need is a web browser to transform your Revenue Cycle results
5
HealthTech’s App Suite
Patient Registers
Chart / Code
Clean Claim
Charge Entry
Correct Claim
Edited Claim to
Payer
Status Claim,
Edit
Primary Claim Paid
Secondary or Co-Pay?
Bad Debt?
Analyzes claims prior to submission. Checks for inconsistencies including charge capture errors, coding omissions, claim data integrity losses and compliance issues. myClaimIQ Genie
Automates claims statusing. Results can be integrated into your patient accounting system. Reporting capabilities improves denials management. AutoStatus
Retroactive Medicaid Search. Identifies self-payers that have qualified for Medicaid after discharge. RMSS
AlphaCollector and/or Collections Services
HealthTech provides collections services to many of our clients. We originally developed all our Apps to use in our own CBO, so we use and refine them daily. Our resulting efficiencies allow us to offer very competitive collection rates for clients who choose it.
Basic revenue cycle stages and where we can help…
Choose one App or choose our comprehensive solution…
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Old Collections Model
Hospital 1
Hospital 2
Clinic 1
Clinic 2
Psych 1
ASC 1
Payer A
Payer B
Payer C
Payer D
Payer E
Varying patient accounting, billing and collections systems
cause inefficiencies and result in higher costs to collect and less cash collected.
Vendor F
Vendor G
Vendor H
Vendor I
Poor Data =
Poor Decisions
Spreadsheets, emails, voicemails, sticky notes, etc.
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AlphaCollector Collections Model
Finance All AR in one portal Vastly better data
True insight More Cash
CBO Increase Productivity
Improve Oversight Transfer Documents Transform Results
Hospital 1
Hospital 2
Clinic 1
Clinic 2
Psych 1
ASC 1
Payer A
Payer B
Payer C
Payer D
Payer E
Vendor F
Vendor G
Vendor H
Vendor I
AlphaCollector is the SaaS platform that enables collections best practices and
deep insight into your Accounts Receivables, resulting in more cash collected, more efficiently.
8
AlphaCollector – Business Office / CBO
Integrates with any hospital or physician practice management system Dramatically reduces the steps to collect due to account “drill through” capability Integrated account assigning, collector productivity, notes rating and “AutoStatus” Integrated, real time documentation / data transfers with your collections vendors
Features
AlphaCollector is the platform that improves your AR productivity and oversight
Increase collector productivity by up to 50% Reduce management oversight time by up to 80% Manage and improve collectors’ results - $ collected Manage and improve collections vendors’ performance and collections ratio Maintain single point of control over all your AR from one portal
Benefits
9
AlphaCollector – Finance Leadership AlphaCollector is the “game changer” that puts you in control of your AR
SaaS-Based – Access via web browser Real-time, centralized reporting and analytics for all your AR streams State of the art KPIs and Business Intelligence modules Pivot table ad-hoc reporting capabilities
Features
SaaS-based – No hardware or up-front fees. Portable, easy to deploy and update Maintain single point of control over all your AR streams from one portal Leverage aggregated data for vastly improved oversight and decision making Reduce management oversight time by up to 80% Integrated vendor management capabilities
Benefits
10
AlphaCollector – Vendor Value At your request, HealthTech can integrate your outside collections vendors
SaaS-Based – Access via web browser Integrated account assignments from the client Integrated, real time documentation / data transfers with your collections vendors Integrated account assigning, collector productivity, notes rating and “AutoStatus”
Features
SaaS-based – No hardware required. Portable, easy to deploy and update More collections business potential through dynamic account assigning capability Less time spent chasing account documentation due to request / transfer capability Potential for new client referrals from HealthTech Enhances client satisfaction
Benefits
11
AlphaCollector – Benefits Recap AlphaCollector benefits all key revenue cycle stakeholders
Increase collector productivity by up to 50% Reduce management oversight time by up to 80% Manage and improve vendors’ performance and collections ratio
Business Office
Maintain single point of control over all your AR streams from one portal Leverage aggregated data for vastly improved oversight and decision making Reduce management oversight time by up to 80%
Finance Leadership
More collections business potential through dynamic account assigning capability Less time spent chasing account documentation due to request / transfer capability Potential for new client referrals from HealthTech
Outside Collections Vendors
12
HTSG Apps = Margin Improvement Collect More Cash + Collect More Efficiently = Margin improvement opportunities
0
1
2
3
4
Year 1 Year 2 Year 3
RMSS - Cash
AutoStatus - Efficiency
AutoStatus - Cash
Genie - Cash
Alpha - Efficiency
Alpha - Cash
Mar
gin
Impr
ovem
ent %
13
AlphaCollector – Demo
Sounds great. Can I see it?
661.714.7639