For hospital and facility-based doctors: Claimocity’s game-changing revenue-cycle solution is a hit “We give doctors two-thirds of their time back and ensure they are paid everything they have earned.”

Doctors didn't get into medicine to work behind a desk yet they spend an average of 31-63% of their week performing tiresome administrative and clerical tasks. What if modern physicians could cut their billing, coding, and charting down to a third using a single streamlined process? Wouldn’t that be a game-changer?

The amount of time that providers are forced to spend handling charting, billing, and paperwork continues to increase, as does their patient workloads, even though the total amount of weekly time they have to complete these tasks remains insufficient. The consequences of sticking with traditional methods in the current dynamic of modern rounding medicine can be extremely detrimental from both a financial and health-related perspective. According to a 2018 scientific study on Behavioral Science in the National Library of Medicine, this is a significant contributing factor in the variables that impact physician burnout.

And from a financial perspective, a paper-based or partially integrated electronic billing software system can cost a doctor an average of 18-27% from the combination of major process inefficiency factors. Every step information has to jump across from one system to another creates an average of a 4-8% loss. That’s why Claimocity created an all-in-one solution designed for hospitalists and facility doctors.

Claimocity is the first and only mobile practice management and billing software designed exclusively for hospitalists and physicians with inpatient specialties. It operates in the United States.

The Silicon Review reached out to Matt Cruz, Director of Enterprise Sales, and here’s what he had to say.

Interview Highlights

Q. What makes Claimocity unique? How does it save hospitalists’ time and generate industry-best revenue metrics?

We are the only full-service, end-to-end revenue cycle solution. We solved charge capture by making it mobile and easy and efficient. We solved charting by creating a progress note generator that uses an AI-enhanced rules engine, prior note cloning, and customizable templates to cut what used to take hours down to a handful of minutes. And then we made it portable so you could chart on the go from your phone and it would sync and save into your hospital or facility EHR with a simple click. We focused on care coordination and created the perfect system for practices centered on hospital and facility medicine to optimize coverage and organization. We added a smart census that syncs with every place you round to add new patient information to the system and notify you of their arrival so you can just walk in and begin without a bunch of data entry. And so much more.

The list is endless of the improvements we have made at every step of the rounding, documenting, billing, coding, and reporting process to create the most comprehensive medical practice management software possible for acute care physicians. We even added a compensation management module so practice managers and owners can pay providers right from the app based on a variety of contract formulas. And providers get to track their completed workloads and the values right from their mobile devices so they always know what they have done and what it is worth in real-time.

By pairing advanced artificial intelligence with award-winning billing expertise, our software engineers have created the most robust rules engine possible with machine learning built-in for increased efficiency gains over time.

Our software not only starts out better but continues to learn the nuances of your performance and practice to help catch errors, notice trends, and generate improvement opportunities to maximize efficiency and drive relentless revenue growth.

While other options do one thing well at the cost of a clunky format with integration gaps, our pool of software is designed to mold to your requirements and offer the best tools available in a sleek, user-friendly format that is fully customizable to complement each practice’s unique needs.

Q. How is Claimocity accelerating the future of the healthcare technology sector?

By never letting the grass grow beneath our feet. Despite already producing industry-leading results, we understand the importance of constantly improving. In the same way that medicine continues to advance and improve our lives, we want to do the same for our providers because they deserve that type of forward thinking.

Current statistics show that only 10% of hospitalists use some form of mobile or electronic charge capture system which is just a fancy way of saying computer or app-based billing and coding. That means 90% of the practices still use some form of paper billing (or batch-based billing) that they hand or fax or mail to their in-house billers or outside billing company. The time this costs is nothing compared to the statistics on how much revenue is lost at each stage of this process.

We routinely capture an extra 40%+ of triaged revenue that would be otherwise lost when practices that use paper or traditional billing methods come to us. And we have clients who kept their billers on as a service to their loyalty while still switching to Claimocity as their primary RCM billers and the ROI was always double-digit percent points above the cost of employing both services.

Q. What makes your software revolutionary?

Our software allows you to execute multiple processes simultaneously with laser-like precision and speed that, until now, was unheard of. This is all achieved in a way that is refreshingly simple and easy to use.

Our industry-best retention rate shows that once doctors get their hands on our software and services, they never let go and can shift all that time and energy that used to go into frustrating amounts of admin and billing back to patient care and practice growth.

Put simply, we give doctors two-thirds of their time back and ensure they are paid everything they have earned.

Q. How skilled is the Claimocity team of experts, and how do they bring value to the company?

The experts that make up the Claimocity team are just as important as the technology that we offer. If you took two of the fastest racecars in the world and put them head-to-head, the one that wins the race is the one with the best driver. We have the best drivers. Fortunately for our clients, we also have the best racecar.

Tell us, what’s next for your company.

Explosive growth and continued innovation. I am confident that as more people make the switch to Claimocity, performance and results will continue to drive growth. We will always listen to our customers to consistently create the gold standard in mobile charge capture, practice management, and revenue cycle services.

“Our software allows you to execute multiple processes simultaneously with laser-like precision and speed that, until now, was unheard of. This is all achieved in a way that is refreshingly simple and easy to use.”