Norman Regional Health System Partners with VisiQuate for Data-Driven Approach to Revenue Cycle Management
Oklahoma-based health system establishes long-term partnership to create a culture of excellence by embracing data and advanced analytics
VisiQuate Inc., the industry-leading provider of advanced analytics, intelligent workflow, results-driven services and AI-powered automation offerings to America’s most respected healthcare providers, announced today that Norman Regional Health System has finalized a multi-year agreement with the company to embrace data and advanced analytics as a key driver of daily operations. Norman Regional’s leadership selected VisiQuate Denials Management Analytics and Revenue Management Analytics to optimize the organization’s financial performance and drive revenue cycle yield improvement. The health system will also use the VisiQuate PayFlo solution to standardize and optimize various processes throughout its end-to-end revenue cycle operations.
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The suite of solutions will be deployed throughout Norman Regional’s business office, revenue cycle and related functional areas. “Our leadership team recognizes the immense value that VisiQuate’s solutions will deliver to our revenue cycle operations,” Richard Spray, Director Patient Financial Services, Norman Regional, said. “Having on-demand data to identify issues early and resolve them quickly – in addition to the ability to measure and evaluate our processes and productivity – is invaluable. The data analytics platform will help our teams work smarter, which is essential during a time of escalating labor costs and narrowing margins for health systems.”
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“We’re extremely excited to welcome Norman Regional as a partner,” Chris Henry, Vice President, Growth at VisiQuate, said. “Amid the growing challenges that community providers such as Norman Regional face with payer misbehaviors, budget shortfalls and staffing issues, we especially look forward to a long and prosperous relationship that improves margins and staff productivity to help the health system achieve its vision of being ‘the provider of choice to improve the health and well-being of [their] regional communities.'”