Vendor Voices - A Real Partners Revenue Cycle Podcast
Insurance Discovery & Revenue Cycle Optimization withJeff Farmer of eInsights Explore the nuances of insurance discovery and its criticalrole in boosting hospital revenue as we sit down with Jeff Farmer, COO ofeInsights. Learn how comprehensive, real-time insurance discovery strategiescan recover missed revenue, improve cost reporting, and reduce patient billingissues. In this episode: * The origins of eInsights and itsinnovative insurance discovery engine * How eInsights identifiespreviously unknown insurance coverage, including secondary and retroactiveMedicaid eligibility * The importance of scanning allaccounts continuously, not just high-probability segments like ED or self-pay * The differences between insurancediscovery and eligibility checks—and why both are vital * Common misconceptions: real-timediscovery isn't just for ED, and it's not only useful for self-pay patients * The impact of comprehensiveinsurance discovery on cost reports, Medicaid secondary claims, and bad debtreduction * How a contingency fee modelguarantees ROI for hospitals using eInsights' solutions * Strategic advice for organizationsaiming to move from basic to best-in-class insurance discovery practices Timestamps: * (00:00) – Introduction: unlockinghidden revenue through insurance discovery * (01:18) – Jeff Farmer’s backgroundand eInsights' mission * (01:41) – Vendor Voices SnapshotChallenge * (06:05) – Why doesn’t everyone checkfor coverage everyone all the time: Complexity, the necessity for experiencedtechnologists, cost considerations, and the importance of full account coverage * (09:17) – Insurance discoveryversus eligibility checks * (11:02) – Market adoption and theprevalence of insurance discovery * (13:05) – The surprising extent ofinsurance gaps in hospitals * (15:32) –Insurance discovery beyondjust Medicaid / typical insurances discovered * (20:25) – The role of Medicaidenrollment history in insurance discovery * (21:09) – Beyond healthcare:identifying auto and workers' comp claims * (22:28) – Additional benefits:cost report improvements and bad debt recovery * (25:00) – Minimum steps fororganizations: real-time checks & continuous scanning * (26:22) – Moving from good togreat: comprehensive, always-on insurance search * (28:11) – Common misperceptions: limitingreal-time discovery to the ED * (31:31) – ROI-driven solutions andcontingency fee models ensuring guaranteed returns * (33:45) – Additional value:improving cost report metrics and Medicaid secondary claims * (37:44) – Key takeaway: start now,leverage comprehensive solutions * (38:49) – Final thoughts:maximizing revenue, reducing bad debt, and continuous improvement The episode was brought to you by: Real Partners Consulting [https://realpartnersconsulting.com/] Connect with Ryan Downs: https://www.linkedin.com/in/ryanpdowns/ [https://www.linkedin.com/in/ryanpdowns/] Connect with Jeff Farmer: https://www.linkedin.com/in/jeff-farmer-3b5a3410/ [https://www.linkedin.com/in/jeff-farmer-3b5a3410/] Show Note: If you’d like to suggest aspecific topic or guest, feel free to reach out to me on LinkedIn or email at rdowns@realpartnersconsulting.com. Please rate and review – and besure to subscribe to never miss an episode! Thank you for listening!
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