Experian Well being ranked #1 in Greatest In KLAS for our ClaimSource® claims administration system and Contract Supervisor and Evaluation product – for the second consecutive yr. The rankings have been revealed within the annual 2024 Greatest in KLAS Awards – Software program and Companies, printed on February 7, 2024. The Awards acknowledge the highest software program and companies distributors which can be serving to American healthcare professionals ship the absolute best affected person care, based mostly on suggestions from hundreds of suppliers.
Experian Well being topped the record in two classes:
- ClaimSource ranked #1 in Claims Administration and Clearinghouse. This automated and scalable resolution reduces denials and will increase income by means of a single software. The addition of a man-made intelligence element this yr (AI BenefitTM) helps suppliers reduce denial charges to simply 4%, in comparison with an business common of greater than 10%.
- Contract Supervisor and Evaluation ranked #1 in Income Cycle: Contract Administration. This product ranges the taking part in subject with payers by monitoring compliance with contract phrases and recovering underpayments. It additionally arms suppliers with monetary fashions of proposed contracts, to allow them to negotiate extra favorable phrases.
The awards come because the business grapples with ongoing staffing challenges and rising declare denials. In Experian Well being’s 2023 report on the healthcare staffing disaster, 100% of respondents noticed staffing shortages have an effect on income cycle administration and affected person engagement. Because the strain continues, income cycle expertise affords a solution to improve effectivity and enhance monetary efficiency. “Healthcare professionals face immense pressures, starting from monetary strains to staffing shortages and the very actual challenge of clinician burnout,” says Adam Gale, CEO and Founding father of KLAS Analysis. “We need to present actionable insights that can finally alleviate burdens and improve clinician success.”
For Tom Cox, President of Experian Well being, the awards replicate a seamless dedication to assist suppliers optimize operations and affected person engagement utilizing data-driven insights and expertise. “This recognition from KLAS acknowledges our dedication to ship modern options that not solely enhance the monetary well being of suppliers but in addition the affected person expertise. Receiving this award two years in a row is an honor as we stay steadfast in our dedication to simplifying healthcare by means of expertise.”
Discover out extra about how ClaimSource and Contract Supervisor and Contract Evaluation helps healthcare organizations improve effectivity and enhance monetary efficiency.