Datawatch Corporation, the leading global provider of report analytics products and services has expanded its revenue cycle management and quality reporting solutions by partnering with Jacobus Consulting, a premier healthcare performance improvement and healthcare IT consulting firm. This partnership will enable Jacobus to incorporate the Monarch Report Analytics platform into its client offerings. Revenue cycle management will be the first area of focus for the combined efforts of Datawatch and Jacobus, closely followed by Quality and Clinical Performance Improvement.
More than 1,200 healthcare organizations rely on the Monarch Report Analytics platform for enhanced analytics on data trapped in reports, such as those provided by Meditech, as well as business documents. The Monarch Report Analytics platform is a self-service solution for analysts to have the data they need, quickly, without resorting to costly, custom IT programming for reports.
To hear first-hand how one hospital is tackling revenue cycle management using the Monarch Report Analytics platform, join our webinar on Wednesday, March 21, 2012. Presenters include a Senior Director of Patient Financial Systems at a world-class hospital, as well as revenue cycle management experts from Jacobus and Datawatch.
“Analytics in healthcare – particularly those in revenue cycle reporting and quality reporting – is becoming increasingly important,” said Paul Constantino, director, Healthcare Solutions, Datawatch. “Analysts consistently find that most of the decisions within a healthcare organization can be made with the data they currently possess. For healthcare, this data is typically available through existing financial and clinical systems. The issue is this data needs to be extracted, integrated and transformed into information in formats that support effective analysis, and served up in easy to use executive dashboards that provide information for visibility and control. This is the value the Monarch Report Analytics platform can provide.
“This partnership will deliver a combined solution of the most widely used report analytics solution with a well-respected thought leader in healthcare consulting services,” continued Constantino.
“The passage of healthcare reform in 2010 and the impact on the revenue cycle from the electronic clinical documentation has set off another cycle of major change for providers,” said Sandra Jacobs, CEO, Jacobus Consulting. “We provide strategy and advisory services, including clinical, quality and financial, and employ proven solutions that increase revenue and cash collections, decrease costs and bad debt, increase customer satisfaction, and ensure patient friendly billing. Jacobus clients typically see 10 to 20 percent increases in cash collections, and dramatic reductions in denials, underpayments and bad debt. Our clinical and quality solutions provide measurement and evaluation knowledge, coupled with Monarch’s ability to provide easy access to semi-structured data and loosely structured data, enabling organizations to obtain information needed to drive quality outcomes and clinical care. This results in winning solutions for quality and clinical improvement.
“By adding the Monarch Report Analytics platform to our services, we are making it easy for healthcare organizations to access vital data for successful revenue cycle management and quality reporting,” stated Jacobs.
About Technolab Corporation
Jacobus Consulting is a leading healthcare consulting services firm that partners with providers to improve healthcare performance through clinical and financial information systems, process improvement, workforce education and training, and revenue cycle excellence. We provide a complete suite of services across the continuum of care to help healthcare providers continually improve patient care and quality, optimize operations, and increase financial performance.
About Datawatch Corporation
Datawatch Corporation (datawatch.com) empowers organizations to transform the massive amounts of valuable information that is trapped in static reports, PDF files, XML files and other content-rich, but difficult-to-use data sources, into a dynamic information analytics system that accelerates and improves decision-making throughout their operations. Datawatch’s technology allows its more than 40,000 customers worldwide to leverage the investments they have made in reports from ERP, CRM and other custom applications into high performance analytic information at a fraction of the cost and time of traditional approaches. Datawatch is headquartered in Chelmsford, Massachusetts with offices in London, Sydney and Manila, with partners and customers in more than 100 countries worldwide.
© 2012 Datawatch Corporation. Datawatch, Monarch, Monarch Enterprise Server and their respective logos are trademarks or registered trademarks of Datawatch Corporation in the United States and/or other countries. All other names are trademarks or registered trademarks of their respective companies.