The suite of technology products that work collectively to improve cash flow from existing operations
The MedAssets Merge Technology platform is more than a technology standard that ensures data is shared between existing IT assets. It's a new way of thinking about your data. Having clean, standardized information in your revenue cycle and supply chain systems, for example, can yield entirely new, action- oriented data. In creating the Merge Technology platform, MedAssets has one goal in mind: To link independent systems, functional departments, and people in a way that improves data quality in revenue cycle and supply chain operations so that providers improve decision-making and cash flow.
The Merge Technology platform consists of a suite of tools that works with providers' existing IT assets to automatically and continuously collect, audit and update supply and charge data.
With the Merge Technology platform in place, providers can improve cash flow from existing operations by:
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Controlling supply costs by having accurate, timely data, including price variances and off-contract purchases
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Linking supply cost data with charge data
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Creating a defensible pricing strategy based on market, reimbursement and cost-based considerations
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Managing purchases of physician preference items while retaining physician involvement
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Ensuring 100% accuracy and charge-capture in patient bills
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Implementing rules-based internal controls that are auditable
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Negotiating better payor contracts
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Empowering decision makers to critically and effectively evaluate and manage operational performance and strategic alternative by combining clinical, financial and administrative data.