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Solutions
Description
Compatibility Level
Clients
Use cases
EHR integrations
Client types
Differentiators
Keywords
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Company details
Jump to:
Categories
Solutions
Description
Compatibility Level
Clients
Use cases
EHR integrations
Client types
Differentiators
Keywords
Media
Company details
ArcoInvoice
ArcoInvoice

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Categories

Solutions

Description

Product Description:

For hospitals, it is 4x harder to collect from patients than insurance payers. Patients now make up to 30% of hospital revenue but are 4x harder to collect from than insurance payers1 due to complexity, regulation and patient means. 

Sift Healthcare provides advanced analytics and machine learning integrations to optimize patient payments. Sift combines patient payment expertise and AI-driven intelligence to equip providers with an integrated toolset to optimize patient financial engagement.

Patient collections should be a dialogue, not a solicitation. Sift integrates AI into your patient engagement platform to guide patient communications activities – maximizing collections while improving patient engagement.

  • Account Segmentation
  • Patient Contact Strategy
  • Payment Plan Provisioning
  • Improved collections, increased payment plan adoption, and reduced inbound/outbound calls

Propensity-to-pay for a person, not a number. Sift goes beyond credit scores, leveraging historical data to determine the best engagement approach for each patient.

  • Improved Patient Satisfaction
  • Pre-service patient financing and collection recommendations that help avoid surprises and set expectations
  • Lookalike predictive models, not credit scores and rule logic
  • Increased upfront collections with more empathy
About Sift Healthcare:
Sift Healthcare provides intelligent and accessible solutions for provider systems that need to extract meaning and value from their vast stores of payments data. Sift organizes and normalizes all of your payments data in one location, providing a holistic view of collections. Our denials and patient collection dashboards, payer scorecards, propensity to pay tools, market intelligence reports and enriched patient profiles enable revenue cycle teams to optimize workflows and accelerate cash flow.
Product Description:
ArcoInvoice helps to automate the process of your (supplier) invoices. Whether you receive invoices via paper, e-mail or EDI, we extract the data into our platform and connect to your existing ecosystem such as your CRM, DMS and ERP software package. We use your internal business rules and customize your workflows (GL codes, cost centers, approval flows) to avoid manual errors, in a fully legally compliant and auditable way.
About Arco Info Inc.:

At ArcoInfo, we believe that people should be freed of repetitive, manual tasks to add more value to their organization by leveraging technology without adding additional IT resources.

Our proprietarry "as a Service"-platform in the cloud can act as an end to end solution, but also as a middleware to integrate your current software ecosystem through our open API.

Compatibility level

Select which hospital or health system you work at and see a personalized compatibility level.

Clients

Select which hospital or health system you work at and see the client list

Use Cases

Description:

Sift's intelligence tools and integrated ML recommendations around patient payments enable health systems to:

  • Pre-clear patients upfront.
  • Get more patients on payment plans, earlier.
  • Execute omnichannel contact across the entirety of the patient journey.
  • Help patients commit to meeting their financial obligations before service.
  • Utilize an integrated view of insurance-patient responsibility to optimize resolution and present patient responsibility, early and more accurately.
Pediatric use cases:

None provided

Users:

VP or Revenue Cycle, PFS executives, PFS team, SBO and CBO personnel, Patient Payment Collections Team

Description:

We created an end-to-end solution to import, register, approve and archive complete purchase invoices and credit memos directly into your ERP software system. 


Features:

Document capture (paper, attachment, EDI)

Approval Flows

GL codes / Cost Centers

3-way matching

and more...

Pediatric use cases:

None provided

Users:

Account Payables (AP) Department, Procurement Departments, Finance Department

Chief Finance Officer, Chief Procurement Officer

Director AP, VP of Finance

EHR Integrations

Integrations:

Acute care EMR, Ambulatory EMR, Patient portal, Access +/or revenue cycle

EMR Integration & Relevant Hardware:

None provided

EMRs Supported:

Epic, Cerner, Meditech, Allscripts

Hardware Compatibility:

None provided

Integrations:

ERP system, Other

EMR Integration & Relevant Hardware:

Use case dependent

EMRs Supported:

Not applicable

Hardware Compatibility:

Desktop, Mobile / Tablet (web optimized), Other

Client Types

Differentiators

Differentiators vs EHR Functionality:
  • Unified and normalized data sets that are accessible and provide a full view of patient payment behavior 
  • Dynamic machine learning based workflows, rather than rigid rules-based logic
  • Intelligence that enables the most effective use of EHR functionality 
Differentiators vs Competitors:

None provided

Differentiators vs EHR Functionality:

Easy set-up & implementation (6-8 weeks depending on complexity)

Transaction based model (by # of invoices)

Additional (human) validation to ensure accuracy of 99.7%

Differentiators vs Competitors:

Multichannel (paper, attachment and EDI)

Multilingual

Transaction model (pay per invoice)

Keywords

Images

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Videos

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Downloads

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Alternatives

Company Details

Founded in 2017

Founded in 1993

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