RevSTAT (Strategic Transaction Acceleration Tool) is MedCo’s proprietary productivity tool that was developed to automate and increase efficiencies in all aspects of AR follow up. Specialized workflows and work queues drive efficiency for all areas that can’t be automated while performing a “health check” for your AR. STAT is used for
- Automated claim status
- Zero balance audits
- Accounts receivable analysis
- AR follow up analysis
- Cash projections
- Contract modeling and simulation
Contracts are modeled in RevStat to produce accurate expected reimbursement amounts.
RevStat has the ability to create filters for almost any data element.
RevStat has the ability to interpret and classify denials using CARC and RARC codes.
RevStat has the capability to automatically follow up on claims, eliminating personnel efforts