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Do You Have The Right
Tools For Revenue Cycle Success?

Productivity
BI enhances reporting capabilities, offering speed, efficiency, and accuracy. This boosts productivity by addressing issues promptly, preventing operational delays, and enabling targeted improvements.

Financial Management
BI consolidates clinical, economic, and operational data, enabling seamless monitoring of key performance indicators (KPIs). For healthcare practices, it optimizes cost analysis, calculation, invoicing, and fund distribution across departments.
Customization
Unlike off-the-shelf Bi solutions, custom BI is tailored to the specific challenges of your practice. We design personalized revenue cycle dashboards and implement tailored solutions to help you make informed decisions.
Productivity
BI amplifies reporting capabilities, empowering you to monitor productivity across all facets of your practice or healthcare organization. This boosts efficiency by identifying areas requiring additional training and implementing targeted improvements.

Financial Management
BI consolidates clinical, financial, and operational data, enabling seamless monitoring of key performance indicators (KPIs). For healthcare practices, it is essential to maximize payment accuracy and expedite the payment process.

Customization
Unlike off-the-shelf BI solutions, custom BI is tailored to the specific challenges of your practice. We design personalized revenue cycle dashboards and implement tailored solutions enabling to quickly you make informed decisions.

BI
Benefits

BI
Benefits

Why you need BI to scale your business:

  • Improved decision-making: With BI, healthcare organizations can gain insights into financial and revenue cycle key performance indicators (KPIs) such as days sales outstanding, denial rates, and net revenue per visit, allowing them to make data-driven decisions.
  • Increased efficiency: By automating data collection, BI solutions can reduce the time and resources required for email subscriptions, PowerPoint presentations, report distribution, and scheduling. BI allows you to look at the right stuff at the right time and receive automatic alerts when standards aren’t met.
  • Billing and collections: BI can boost billing, collections, and claim resolution through custom reporting created to ensure that account receivables are being addressed strategically to prevent them from falling into the 90-day gap. BI provides a return on investment through improved financial performance and accelerated cash flow.

what sets us apart

At Parable Associates, we are committed to providing dedicated client support, ensuring a single point of contact throughout every project.

Well-versed in both healthcare and analytics, our experts merge operational knowledge with the latest technology to address complex healthcare challenges.

Through data-driven insights and targeted Revenue Cycle Management (RCM) analysis, we pinpoint areas for improvement, optimize financial performance, and ensure your success.

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Our Process

When you work with Parable Associates, we are with you every step of the way from  BI development and implementation to system adoption and ongoing consulting.

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Discovery 

  1. Identify your goals

Collect Data

2. Collect data

Data Modeling

3. Clean & transform data

Quality Audit

4. Analyze data

Data Visualization

5. Actionable insights

Training & Adoption

6. Encourage adoption

Don't Just take our word for it

Hear why our clients have chosen Parable Associates

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Rob Ware

Senior Vice President and General Manager of Revenue Cycle Management (RCM), ModMed®

"It's not that they just understand revenue cycle, but they understand what it takes to run a successful revenue cycle organization at scale."

"Working with a partner like Parable, they're much more agile and able to respond and to react."

"It's very intuitive, you can very easily click through and understand what's happening with the practice."

Ben Seals

CEO at Thomas Eye Group

"I was pleasantly surprised at how quickly the Parable team found insights in our data and used our data to get to know our business."

"Not getting hung up and having to run a report or create a pivot table... to have that automatically cycle and bring forward the answers to questions has helped us to more quickly react to changing dynamics."

"What's been really beneficial to see, is as we've put results into visual format, the insights have helped us make decisions on things we need to prioritize."

FAQS

Parable Associates is a business intelligence firm that specializes in providing customized solutions for the healthcare industry. We work with our clients to identify their data needs and develop custom dashboards and reports that help them make better decisions

We offer a comprehensive range of services including:

  • BI Implementation: We help our clients implement and deploy business intelligence solutions.
  • BI Optimization: We customize existing business intelligence solutions to meet the specific needs of our clients.
  • Data Analysis: We provide our clients with data analysis services to help them identify trends and patterns in their data.
  • BI Consulting: We provide BI consulting services that assist you in analyzing your data and developing valuable and actionable insights to optimize efficiency and improve your revenue cycle
  • Custom BI Dashboards: We build custom dashboards that put all your data at your fingertips to provide you with the information you need when you need it.

Business intelligence can help your organization in a variety of ways, including:

  • Making better decisions: BI can help you make better decisions by providing you with insights into your data.
  • Improving efficiency: BI can help you improve efficiency by identifying areas where you can streamline your operations.
  • Increasing profitability: BI can help you increase profitability by identifying opportunities to boost revenue or reduce costs.

We offer a number of benefits to our clients, including:

 

  • Experience: Our team of experts has extensive experience in the healthcare industry.
  • Commitment: Each client has a single, dedicated point of contact within our company to ensure the highest level of customer service.
  • Customization: We are not an “off-the-shelf” solution. Our services and dashboards are customized to fit the specific needs of your organization.
  • Scalable: Our services can grow with your organization to meet the changing needs of our clients.

Business intelligence (BI) is a broad term that encompasses a variety of tools and products like Power BI and Tableau that help organizations visualize data. Analytics focuses on the process of extracting insights from data. 

Yes, we have expertise in integrating data from various sources such as databases, cloud-based systems, APIs, and more. We can help you bring together data from different sources to create a unified and comprehensive view of your business.
Tell us you what your compensation models are and we can build reports to drive that we can help you navigate that with in your data.

We offer a wide range of analytics and reporting solutions, including interactive dashboards, visualizations, ad hoc reporting, predictive analytics, and data exploration tools. Our solutions are designed to empower you with actionable insights to make informed decisions.

Yes, we provide training and support to help you and your team effectively use analytics tools. We offer comprehensive training sessions, workshops, and ongoing support to ensure you can leverage the full potential of the tools.

Our team consists of highly experienced professionals with extensive expertise in data analytics, business intelligence, revenue cycle, finance, and healthcare operations. We have a proven track record of delivering successful projects for clients across various specialties.

Just click on the calendar link below and schedule a meeting to get started with Parable Associates today!

Schedule a Meeting Today!

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