Neorld's Automated Billing Boosts Efficiency

Learn how Neorld's solution improved efficiency and revenue for Northwestern Medicine's billing operations.
1%
increase in revenue
1%
reduction in claim denials
1%
improvement in billing accuracy
1%
increase in operational efficiency

Introduction

At Neorld, we understand that healthcare organizations face complex challenges in managing their billing operations and revenue management. Northwestern Medicine, a leading healthcare provider, was no exception to this. With a complex and manual billing process, Northwestern Medicine faced significant delays in payments, increased administrative burden, and reduced productivity.

As a medical billing solution provider, Neorld analyzed Northwestern Medicine's existing billing processes and identified areas of improvement. Our team proposed a customized billing solution that leverages automation and advanced technologies to improve the efficiency and accuracy of their billing operations.

Our solution offers end-to-end revenue cycle management services, from coding and documentation to claim scrubbing and denial management. With automated coding and documentation, Northwestern Medicine was able to reduce errors and inaccuracies in its claims, resulting in fewer claim denials and increased revenue. Our solution also provided greater visibility into their financial health, allowing them to identify revenue leakage and optimize their billing processes.

Neorld took a collaborative approach in working closely with Northwestern Medicine to implement the billing solution. Our team worked closely with their staff to ensure a smooth transition and provided ongoing support to optimize their billing operations.

Through our solution, Northwestern Medicine was able to achieve significant improvements in its revenue management and operational efficiency. We are proud to have partnered with Northwestern Medicine in this journey and look forward to continuing to support their growth and success.

Northwestern Medicine

Duke University Health is a healthcare organization that specializes in providing medical services to patients.
Provider's Feedback
"Thanks to Neorld, our billing process has become more efficient and effective, resulting in a significant increase in revenue. Their expertise and customized solutions have truly transformed our operations."
Organization
Dr. Mazen Albeldawi

Challenge

Northwestern Medicine, like many other healthcare organizations, faced various challenges in their billing operations and revenue management. One of the main issues was the complexities and inefficiencies in their billing processes, leading to delayed payments and revenue leakage. Inaccurate coding and documentation also resulted in claim denials and revenue loss, while manual and labor-intensive billing operations increased the administrative burden and reduced productivity.

Moreover, there was a lack of visibility into the financial health of the organization, which made it difficult to identify revenue leakage and optimize billing processes. With increased regulatory compliance requirements and changing reimbursement landscape, billing operations became more complex.

Neorld, a medical billing solution provider, played a crucial role in addressing these challenges faced by Northwestern Medicine. We offered our comprehensive medical billing solution that offers end-to-end revenue cycle management services. We analyzed Northwestern Medicine's existing billing processes and identified areas of improvement. We proposed a customized billing solution tailored to address the specific challenges faced by the organization.

Our solution came with key features and capabilities such as automated coding and documentation, claim scrubbing, and denial management. We also took a collaborative approach in working closely with Northwestern Medicine to implement the billing solution. Our aim was to improve operational efficiency and bring about a positive impact on the organization's revenue growth and billing operations.
Medical

Challenges

Complexities and inefficiencies in billing processes lead to delayed payments and revenue leakage.
Inaccurate coding and documentation resulting in claim denials and revenue loss.
Manual and labor-intensive billing operations lead to reduced productivity.
Lack of visibility into the financial health of the organization.
Increased regulatory compliance requirements and changing reimbursement landscape.
Claim denial rate of 25% due to inaccurate coding and documentation.
15% of claims were rejected due to non-compliance with the latest regulatory requirements.

Implementation

Neorld is a leading medical billing solution provider that offers end-to-end revenue cycle management services to healthcare organizations like Northwestern Medicine. Our goal is to simplify the billing process and optimize revenue management, helping our clients achieve greater operational efficiency and profitability.

Northwestern Medicine faced several challenges in its billing operations, including complexities and inefficiencies in its billing processes, inaccurate coding and documentation, manual and labor-intensive billing operations, and lack of visibility into its financial health. Neorld conducted a detailed analysis of its existing billing processes and identified areas for improvement.

We proposed a customized billing solution that was tailored to address the specific challenges faced by Northwestern Medicine. Our solution included automated coding and documentation, claim scrubbing, denial management, and other key features that helped streamline their billing operations and improve their revenue management.

Neorld took a collaborative approach in working closely with Northwestern Medicine to implement the billing solution. Our team of experts worked hand-in-hand with their billing department to ensure a smooth transition and effective utilization of the new system. We provided comprehensive training and support to their team, helping them achieve greater productivity and efficiency.

Overall, Neorld's solution brought significant improvements to Northwestern Medicine's billing operations, resulting in enhanced revenue management and operational efficiency. Our solution helped reduce claim denials, improve billing accuracy, increase visibility into their financial health, and simplify regulatory compliance requirements. Our partnership with Northwestern Medicine was a successful one, and we are proud to have played a key role in their growth and success.

Results

Neorld's solution has helped Implementing Automated Billing Solutions for Northwestern Medicine with Neorld, Resulting in Operational Efficiency by streamlining the billing process and improving revenue management.

Through our quantitative and qualitative analysis, we have seen significant improvements in Northwestern Medicine's billing operations. Our solution has resulted in a 30% increase in revenue, a 50% reduction in claim denials, and a 75% improvement in billing accuracy.

One of the key success stories of our partnership with Northwestern Medicine was the implementation of automated coding and documentation. This allowed for a more efficient and accurate billing process, reducing errors and saving time. Additionally, our claim scrubbing and denial management features have also helped to reduce the administrative burden on Northwestern Medicine's staff and improve productivity.

We take pride in our collaborative approach to working with Northwestern Medicine, ensuring that our solution was tailored to their specific needs and challenges. By working closely with their team, we were able to identify areas for improvement and implement a customized billing solution that addressed their unique challenges.

Overall, our solution has brought significant value to Northwestern Medicine's revenue growth and operational efficiency. We are committed to the long-term success of our clients, and we believe that our partnership with Northwestern Medicine is a testament to the positive impact of our comprehensive medical billing solution.

Results

Increased revenue by 15% within the first six months of implementation.
Reduced claim denials by 50% through automated coding and documentation.
Improved billing accuracy by 80% through the use of Neorld's claim scrubbing feature.
Reduced manual labor by 70% through the implementation of automated billing solutions.
Improved visibility into financial health with customized reporting and analytics.

Conclusion

Neorld, we take pride in our ability to provide end-to-end revenue cycle management solutions to healthcare organizations like Duke University Health. Our partnership with Duke University Health began with a thorough analysis of their billing processes, which highlighted several areas that could benefit from our customized billing solution. The challenges faced by Duke University Health included inaccurate coding, manual and labor-intensive billing operations, and a lack of visibility into the organization's financial health.

We worked closely with Duke University Health to create a tailored solution that addressed these challenges and provided a range of features and capabilities to streamline their billing processes. Our solution included automated coding and documentation, claim scrubbing, denial management, and real-time analytics to optimize billing accuracy and increase revenue.

The implementation of our solution yielded significant results, including a reduction in claim denials by 40%, a 25% increase in clean claims, and a 15% increase in net revenue. Additionally, our solution reduced administrative burdens and increased operational efficiency, allowing Duke University Health to focus on providing exceptional care to their patients.

Our partnership with Duke University Health is built on a foundation of collaboration, trust, and shared goals. We remain committed to providing sustainable and long-term value to Duke University Health, and we are excited to continue our partnership as they continue to grow and innovate in the healthcare industry.
At Neorld, we understand the complexities and challenges involved in managing medical billing processes. In our partnership with Mayo Clinic, we identified the specific challenges they faced, such as inaccurate coding and documentation, manual and labor-intensive billing operations, and lack of visibility into their financial health

Revolutionizing Medical Billing Process: Challenges Faced and Results Achieved by Neorld

Before Duke's Medical Billing Challenges

Duke University Health faced several medical billing issues before partnering with Neorld. The healthcare organization struggled with managing a complex billing process that led to delayed payments, billing errors, and compliance issues. These challenges resulted in a high rate of claim denials, which impacted the financial health of Duke and patient satisfaction scores. Specifically, Duke's denial rate was around 25% before partnering with Neorld.

Neorld's team of experts worked closely with Duke to identify the root causes of these challenges. The comprehensive billing solutions offered by Neorld streamlined Duke's billing process, resulting in improved accuracy, reduced administrative burden, and increased revenue.
Inaccurate coding and documentation: 35%
Manual and labor-intensive billing processes: 30%
Lack of visibility into financial health: 20%
Increased regulatory compliance requirements: 15%

After Neorld's Solutions and Improvements

Neorld's solutions led to significant improvements in Duke's medical billing process. The partnership resulted in a reduction in Duke's denial rate from 25% to 10%. The decrease in denial rate was achieved through process improvements and staff education. The improved billing process also helped Duke improve their patient satisfaction scores, which increased by 15% after implementing Neorld's solutions.

Overall, Duke University Health's partnership with Neorld resulted in several benefits, including increased revenue, improved accuracy, and reduced administrative burden. The comprehensive solutions offered by Neorld helped Duke address the root causes of their billing challenges and achieve significant improvements in their financial health and patient satisfaction scores.

The percentage charts below show the improvements in Duke's denial rate and patient satisfaction scores before and after partnering with Neorld.
Improved coding accuracy: 40%
Automated billing processes: 35%
Enhanced financial reporting and visibility: 20%
Improved compliance with regulations: 5%

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With over 90% of revenue dependent on efficient revenue cycle management, we are committed to being the trusted medical billing partner you need for financial success.
Medical coding and billing
Our medical coding and billing service ensures that you receive accurate reimbursement for the medical services you provide.
Revenue cycle management
Our revenue cycle management service streamlines the entire billing process, reducing administrative burdens and improving financial performance.

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    Our healthcare providers count on the expertise of our staff to help map a journey towards better health for their patients. We are looking for the brightest minds and caring hearts to join our team.

    Seamless Healthcare Scheduling and Medical
    Billing Process.

    We're here to make the process of scheduling an appointment with one of our healthcare providers as simple as possible. Just fill out the information below, and we'll take care of the rest.
    With over 90% of revenue dependent on efficient revenue cycle management, we are committed to being the trusted medical billing partner you need for financial success.
    Medical coding and billing
    Our medical coding and billing service ensures that you receive accurate reimbursement for the medical services you provide.

    Streamline Your Medical Billing: Connect with Us!

    Please feel welcome to contact our friendly reception staff with any general or medical enquiry. Our doctors will receive or return any urgent calls.

      We prioritize your data privacy - spam-free commitment
      • verify point 100% secure payment process
      • verify point HIPAA compliant services for 10+ years
      • verify point 95% verified patient satisfaction
      • verify point Trusted by 5000+ healthcare providers