Strong data leads to better cash recovery
Parable Associates empowers orthopedic practices with insights into claims denials, patient access, and scheduling. Our custom dashboards help you streamline operations, improve patient outcomes, and drive revenue growth for your practice.
Challenges
Orthopedic practices face specific operational and data challenges that can hinder financial performance and patient care. Here are the key issues we address:
Surgical Conversion Rate
Measures the percentage of initial consultations that result in scheduling a surgical procedure
Patient Volume and New Growth
Tracks the number of new and returning patients over a specified period
Surgery Cancellations & No-Shows
Monitor the number of surgeries or appointments canceled or missed by patients to improve pre-surgical protocals
Storied Outcomes
Parable Associates offers tailored solutions for orthopedic practices to overcome these challenges and drive better results. Here’s what we provide:
BI Platform
Our customizable dashboards monitor denial management and offer prioritized suggestions to improve cash flow and operational efficiency
Data Team
We provide specialized resources with deep expertise in orthopedic revenue cycle and practice management, ensuring your practice thrives
Automation
Leverage automated assistants to complete tedious tasks more accurately so that your staff can focus on high-impact items like improving patient outcomes
How to Use Data to grow from within
Many practice groups underestimate how much data can boost their bottom line. Most aren’t aware or seeking solutions. However, if you relate to any of the challenges below, it’s time to prioritize data and take action.
- Don’t have BI expertise in-house
- Need custom reports/dashboards
- Disconnected systems from M&A
- Painful month-end closeout
- key data personnel leaves
- RCM is sub-optimal
case study
Spire Orthopedic Partners supports over 40 locations across Connecticut, New York, Massachusetts, and Rhode Island, providing administrative services to help orthopedic and spine practices grow and specialize. With over 165 physicians, Spire enables practices to focus on delivering patient care while benefiting from management expertise and operational support.
Clients Love Working With Us
