Skip to the main content.
Schedule a Demo
What We Do

Advanced revenue cycle management software to make healthcare smarter

Who We Serve

We help healthcare organizations capture more revenue, improve productivity and reduce costs

Advanced Insights

Read our eBook highlighting innovative ways to capture more cash while reducing costs

Download Your eBook

About Advata

The one RCM solution with the optimal mix of workflow, insights, automation and expertise.

News & Events

Stay connected. We love to share stories about our latest innovations and customer achievements.

Join the Team

Check out our job openings, and help us continue to find solutions and make healthcare better

Blog & Research

Sharing new observations, insights, solutions, and more from Advata’s experts

Media

Watch our company overview video to learn more about what makes Advata so special

Watch Video

2 min read

How To Capture More Cash in Your Accounts Receivable

How To Capture More Cash in Your Accounts Receivable

Written By: Hunter Ousterhout, Principal of Revenue Cycle Management (RCM) Solutions

Healthcare organizations can find it challenging to get the most money from accounts receivable (AR), especially when they are already short-staffed. Without sufficient resources, countless organizations give up millions of dollars of net patient service revenue (NPSR) caught in AR each year. Many are finding that their traditional methods of managing AR are just not enough.  

Want to learn how to capture more cash in your healthcare company's accounts  receivable department?  Download our free eBook here.

Now, new advanced analytics tools improve your ability to capture more from your AR. With the right approach, they can turn your AR staff into account masters by enhancing their work with technology. 

These tools can eliminate repetitive tasks so people can focus on working on the accounts that are more complex and more profitable. They can improve efficiency, optimize workflows, reduce the time and money lost, and increase cash captured from AR when used well together. 

The Solution: Advata Smart AR

Advata Smart ARTM uniquely combines technology with insights to do the heavy lifting for you to increase your organization's productivity and efficiency. Advata’s blend of artificial intelligence (AI) and machine learning (ML) with robotic process automation (RPA) is based on a solid foundation of fundamental research and years of client experience. 

The software as a service (SaaS) solution has an intuitive feel driven by analytics built from thousands of business rules.  

Focusing on efficiency and effectiveness, Smart AR automates the management of the “easy” accounts that make up the bulk of your AR. And it prioritizes work so your staff can focus on the “hard” accounts that provide higher value.   

The solution reduces your staff’s research time by providing a situation report and the next recommended step for every account. This enables staff to work on the right account at the right time.  

The next recommended action guides staff to do what automation cannot - make complex decisions and intervene. Robots do everything else, which is much of your AR. 

Technology and people combine to capture more cash, reduce write-offs, and improve your bottom line while producing the most revenue in the near term and taking the fastest steps to get there. 

How much? Advata typically automates 25%-50% of AR management activity on behalf of its clients, adding hundreds of person-hours of productivity per month. This is an area that is typically understaffed, and difficult for healthcare providers to optimize without such technology.   

The productivity improvements result in both labor savings (typically hundreds of person-hours per month) and in net revenue performance (0.3% - 1% improvement to the bottom line). To date, Advata’s foundational technology has generated over $500M of NPSR benefit to its customers. 

Start Capturing Millions from Your AR Now 

Smart AR captures cash from AR with automation and prioritization.  However, this is not just a one-time solution. As you continue to use it, Smart AR discovers, develops, and improves AR management with continuing analysis and daily staff guidance to drive an ongoing improvement cycle. 

How do you start? In 30 days, Advata's Discovery process can analyze your data and create a detailed roadmap showing how Smart AR can automate processes and guide staff to optimize your AR.  

With Smart AR, you can put your money and effort where the return on investment (ROI) is! 

Solving the Biggest Pain Points in Revenue Cycle Management

Solving the Biggest Pain Points in Revenue Cycle Management

The healthcare industry is facing an incredibly complex problem: How can accounts receivable professionals increase profitability while solving...

Read More
Healthcare AR: How to Use RCM Automation to Increase Efficiency and Reduce Costs

Healthcare AR: How to Use RCM Automation to Increase Efficiency and Reduce Costs

As healthcare organizations continue to face financial challenges, revenue cycle management (RCM) automation has emerged as a critical solution for...

Read More
Top 5 Tips to Improve Your Paid Accounts Receivable in Healthcare

Top 5 Tips to Improve Your Paid Accounts Receivable in Healthcare

As healthcare costs continue to rise, it's more important than ever for healthcare providers to ensure they're getting paid for the services they...

Read More