Waterlabs Insights

WATERLABS

RCM Best practices

We understand your KPI’s and adopt the best practices in Revenue Cycle Management (RCM). We help Hospitals, Providers, and Large Health Systems make use of Transform RCM for efficient and effective revenue cycle management. This process helps generate an optimal rate of cash collections through accelerated account resolution, minimized revenue leakage, and operating expenses. We understand the journey right from the initial pre-claim generation stage. We have considered the five most important proven metrics you should be tracking to grow your healthcare business. We like to compare our performance against industry standards in some of the most critical performance metric categories.

WATERLABS PERFORMANCE

Comparison of our performance

We have considered the five most important proven metrics you should be tracking to grow your healthcare business. We like to compare our performance against industry standards in some of the most critical performance metric categories.

Clean Claim Rate

Waterlabs Benchmark

>98%

Industry Benchmark

77%

Net Collection Rate

Waterlabs Benchmark

97%

Industry Benchmark

90%

Denial Rate

Waterlabs Benchmark

< 5%

Industry Benchmark

12%

AR Days

Waterlabs Benchmark

< 30 Days

Industry Benchmark

45 Days

AR Over
90 Days

Waterlabs Benchmark

< 5%

Industry Benchmark

20%

AR Follow
Up TAT

Waterlabs Benchmark

< 10 Days

Industry Benchmark

45 Days

Claim/Charge Lag

Waterlabs Benchmark

24 Hrs.

Industry Benchmark

72 Hrs.

Statement
lag

Waterlabs Benchmark

24 Hrs.

Industry Benchmark

72 Hrs.

TRANSFORM RCM™

Insights, Success Stories & Awards

The resilience of the RCM process comes with its repeatability of efficiency.

The lack of using technology can challenge the workflow, data accuracy, and potential cash flow of any organization. We are in a world where more for less is imperative. Waterlabs solutions focus on streamlining and upkeeping organizational performance, eliminating time-consuming tasks and checking error-prone processes. The automation of standard operations helps human resources focus on crucial and value-added tasks that hospitals, Providers, Health Planners, and Large Health Systems need.

News

Offering Technology-driven AI Solutions for
Streamlining Business Operations

Machine Learning is a sub-area of artificial intelligence, whereby the term refers to the ability of IT systems to independently find solutions to problems by recognizing patterns in databases. 

Machine learning is shaping our future

Machine Learning is a sub-area of artificial intelligence, whereby the term refers to the ability of IT systems to independently find solutions to problems by recognizing patterns in databases. 

Neural networks 

Neural networks were inspired by the architecture of the biological visual cortex. Deep learning is a set of techniques for learning in neural networks that involves a large number of “hidden” layers to identify features

Talk to the machines

As a human, you may speak and write in English, Spanish, or Chinese. But a computer’s native language – known as machine code or machine language – is largely incomprehensible to most people.

Let’s transform
Customer Experience

We believe that AI will change how enterprises work in the future. Waterlabs helps them overcome several challenges in adopting this powerful and rapidly evolving technology to derive higher value and better customer experience.