Parable Associates, Author at Parable Associates

Business Intelligence Analysts – Does Your Practice Need One?

In the complex healthcare environment, practices handle a mountain of data daily, encompassing patient records, treatment outcomes, billing information, and much more. However, despite the vast data at their disposal, many practices lack the proper tools or in-house resources to delve deep into this data to extract valuable insights. This is where a business intelligence […]

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Planning A Discovery Meeting – Laying the Groundwork for Success

Data Driven Culture in Healthcare, Healthcare Business Intelligence / Parable Associates

Business intelligence (BI) is transforming the landscape of healthcare management by providing critical data-driven insights that can significantly enhance practice performance. These insights can drive improvements across multiple facets of practice operations, from boosting operational efficiency to accelerating the revenue cycle. However, the successful implementation of BI solutions extends beyond merely purchasing and installing off-the-shelf

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Dermatology Practice Management: Tackle Common Challenges

Healthcare Business Intelligence, Healthcare Revenue Cycle Management / Parable Associates

Dermatology practices face a range of challenges today that can impact clinical operations and revenue cycle management. By leveraging data, analytics, and business intelligence (BI), practices can optimize operations, improve patient care, and drive profitability. Here, we discuss five common problems faced in dermatology practice management today and how BI solutions from Parable can address

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Transform Optometry Practice Management with Healthcare BI

Healthcare Business Intelligence, Healthcare Revenue Cycle Management / Parable Associates

Optometry practices face various challenges in today’s healthcare landscape. Streamlining operations and optimizing profitability is essential for success, but managing complexities in inventory, patient care, and billing can be challenging. Business intelligence (BI) provides solutions to these problems by offering data-driven insights that can transform clinical operations and revenue cycle management. Here, we discuss five

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Transform Dental Practice Management with Business Intelligence

Healthcare Business Intelligence, Healthcare Revenue Cycle Management / Parable Associates

In the fast-paced world of dentistry, practices must navigate various challenges that can impact clinical operations and revenue cycle management. Leveraging data, analytics, insights, and business intelligence (BI) can empower practices to overcome these challenges and transform their operations for sustainable success. In this blog, we explore five common problems faced in dental practice management

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Business Intelligence Implementation – Bypass Common Challenges

Healthcare Business Intelligence / Parable Associates

The amount of data healthcare practices have to deal with is overwhelming, ranging from patient health records to operational and financial metrics. To navigate the onslaught of information, many practices are implementing business intelligence (BI) solutions. BI promises to transform raw data into meaningful insights that can guide decision-making and streamline operations. However, unlocking the

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Revenue Cycle Optimization: Unlock It With ModMed Reporting

Healthcare Revenue Cycle Management / Parable Associates

ModMed provides a robust foundation for practice management. However, to fully harness its power for revenue cycle optimization, it’s often beneficial to customize and enhance your standard reporting tools. Having the right dashboards allows you to make data-driven decisions, maximize potential, and achieve greater financial success. The Challenge: Untapped Insights While ModMed offers valuable reports,

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WHITEPAPER: Optimizing Healthcare With Data & BI

Data Driven Culture in Healthcare, Healthcare Business Intelligence, Healthcare Revenue Cycle Management / Parable Associates

Download our latest whitepaper to understand the impact data analytics and BI are making on the fastest-growing, most profitable healthcare practices.

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Healthcare Analytics Solutions - How Your Practice Can Benefit

Healthcare Analytics – How Your Practice Can Benefit

Healthcare Business Intelligence, Healthcare Revenue Cycle Management / Parable Associates

Healthcare practices are constantly inundated with data, from patient records and treatment outcomes to operational efficiency and financial performance metrics. This vast sea of information is key to transforming healthcare delivery and organizational efficiency. However, the sheer volume and complexity of healthcare data can be overwhelming. The ability to draw actionable insights and implement effective

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Healthcare Revenue Cycle Management – The Impact of Denials

Healthcare Revenue Cycle Management / Parable Associates

Healthcare revenue cycle management (RCM) encompasses the entire process, from patient registration and appointment scheduling to claim payment, significantly influencing a practice’s financial well-being. Healthcare RCM involves various functions like patient access, health information management, charge capture, claims management, payment processing, and accounts receivable. Each function has key performance indicators (KPIs) contributing to overall revenue

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