Do you know which of your payors has the best performance, as in which one reimburses your claims fastest and most consistently? Rather, during an admissions call, are you able to decide in a moment's notice whether or not a potential patient's policy is going to bring strain or relief to your cash flow? Dazos IQ ranks payors and policies for you, and for good reason: continuity. We want you to see a policy and be able to say, "Yep, that's a good one,' or, 'Hmm, that one is going end up underpaid and require resubmission." If you only have one bed available, which would you admit and which you refer to a partner?
See, we've been in your shoes. Prior to founding Dazos, we spent years owning and operating multiple dual diagnosis treatment facilities, and Revenue Cycle Management was always an area in which we felt there could be improvement. As a provider, we needed a system for sustainable revenue collection and needed to be able to collect it all; otherwise, we had to delay new admissions until we had been reimbursed for those whom had already discharged. It is a vicious cycle, but one in which you must adapt in order to thrive.
In cases when we partnered with stellar third-party billing companies, we never had full autonomy, because, even in the hands of a billing expert, a clearinghouse can only provide so much information. That's why we developed IQ. All of the other Business Intelligence platforms in the market rely on historical data to aggregate figures and form predictive models, whereas IQ utilizes next-gen AI to link payor data in real-time. This way, making an admissions decision can be done intelligently with support from empirical data, not as a gamble on historical trends.
TLDR: Dazos IQ provides you with payor performance rankings in real-time, so you can make better admissions decisions to accelerate your revenue and improve treatment outcomes by enabling you to provide a higher quality of care to more people.