Parable Associates

Transform Dental Practice Management with Business Intelligence

Transform Dental Practice Management with Business Intelligence

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

Business Intelligence Implementation – Bypass Common Challenges

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

Revenue Cycle Optimization: Unlock It With ModMed Reporting

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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Healthcare Analytics Solutions - How Your Practice Can Benefit

Healthcare Analytics – How Your Practice Can Benefit

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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Denial Management - Gain Control with ModMed Data and Parable

Denial Management – Gain Control with ModMed Data and Parable

Healthcare practices using ModMed EHR for practice management know that managing denials can be a time-consuming and sometimes complex process. While ModMed provides a solid foundation, there’s always room to optimize workflows and gain even greater efficiency. In this blog post, we’ll share valuable tips and best practices to enhance your ModMed experience specifically around

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Healthcare Revenue Cycle Management - The Impact of Denials

Healthcare Revenue Cycle Management – The Impact of Denials

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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The Importance of Denial Management in Healthcare

The Importance of Denial Management in Healthcare

In the healthcare industry, effective claim denial management plays a significant role in a practice’s financial health. Denials – when an insurance payer refuses payment for services rendered – are more common than one might think. They not only disrupt cash flow but also signal potential issues in billing or clinical documentation. Effective denial management

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Reducing Eligibility Denials Through the Use of BI

Reducing Eligibility Denials Through the Use of BI

Eligibility denials – those frustrating denials where a patient’s coverage doesn’t line up correctly with their care – are a thorn in the side of practice managers everywhere. These denials stall cash flow, create labor-intensive manual work, and worst-case, lead to services written off entirely. However, they don’t have to be the unavoidable nuisance many

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From Slow to Pro with an Experity Business Intelligence Solution

From Slow to Pro with an Experity Business Intelligence Solution

Efficient healthcare revenue management is paramount, and platforms like Experity play a crucial role in streamlining processes for urgent care centers. Navigating the challenges of revenue cycle management would be a daunting task without the support of such advanced systems. However, sometimes the complexities of the software can cause delays. A common way to streamline

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