Revenue Lifecycle Management
Simplify the Closure of Outstanding Patient Accounts on Legacy Systems
Is your organization holding onto legacy revenue management systems because they contain information on outstanding patient accounts? Or have you undergone a merger or acquisition that has caused you to consolidate your revenue management systems?
If so, you can decommission your legacy systems and move the patient account data to a cost-effective archive that provides lightweight accounts receivable burndown capabilities. This helps you to eliminate maintenance and support fees associated with the outdated or duplicative systems and simplify your application portfolio. At the same time, you can meet data retention requirements, more easily respond to requests for information or audits, and facilitate closure of outstanding accounts.
Holding onto aging or duplicative revenue lifecycle management systems can be both costly and risky. It’s also not necessary. Through Revenue Lifecycle Management Archiving, you can migrate data from legacy systems to the OpenText™ InfoArchive platform, applying appropriate access and retention rules. InfoArchive also lets you easily search for patient account data or respond to Requests for Information or audits.
Unlike other archiving systems, the Revenue Lifecycle Management solution from Flatirons includes a separate data store for holding annotations and updated account balances for patient accounts. This lets you decommission accounts receivable systems with open receivables while providing basic burndown capabilities through the archive.