HAPevolve Partners with Vispa bringing revenue cycle innovation though workflow technology!
Vispa, a health care software solutions company, has joined HAPevolve, a subsidiary of The Hospital and Healthsystem Association of Pennsylvania (HAP.) Founded in 2018, this newest Industry partner provides health care organizations software solutions and support to boost cash flow and optimize reporting for improved financial outcomes and efficiencies.
Challenges present an opportunity for fresh thinking and innovation that turns an organization’s everyday actions into improved financial health. Transformation requires reengineering of the revenue cycle to drive cash flow and reach new health care financial benchmarks. As a trailblazer of change within the revenue cycle industry, Vispa provides tools that allow hospitals to take back control of their revenue. Their intuitive operational workflow takes the guesswork out of what comes next and predictive reporting offers insights to act on. Implementing quickly, hospitals can start improving their bottom line in just weeks.
Denials are a pain point in the revenue cycle and often a source of disagreement about why they occur and who is responsible. Vispa Vision’s enhanced analytics shine a spotlight on the root cause of denials. With insightful data that’s easy to access and share, teams can pull data together to spot trends before they escalate into problems, and quickly course correct. As an added feature, a Payor Scorecard will be coming soon.
VISPA CASH FLOW SUCCESS STORY
Throughout the pandemic, many health care organizations implemented revenue cycle automation technology to address problems in a new way rather than apply standard techniques. But technology tools were only part of the solution. Organizations that embraced innovation and focused on their people realized better outcomes through collaboration, partnership and technology. Mercyhealth is one of those organizations who found by working smarter not harder with Vispa, they improved their bottom lines and over the course of a year were able to reduce their days in accounts receivable by 55 percent.
Kimberly Scaccia, VP of Revenue Cycle at Mercyhealth:
"We had the single highest cash collection day we’ve had in a year from third-party collections. And we beat our monthly cash goal by over $20 million. Most of this is a direct result of having the right person work the account at the right time and focus on the next most-valuable account.”
View their case study here.
Vispa will be an exhibitor at the annual upcoming HFMA Conference in Minneapolis and they would be happy to meet HAP members there! (Find them at Booth 414.)
HAPevolve identifies and creates valuable partnerships with a variety of businesses serving the health care community. By negotiating with its industry and endorsed partners on behalf of the Pennsylvania hospital and health care community at large, HAPevolve can offer members special benefits and discounts on innovative solutions that can save them both time and money.
To explore how VISPA can benefit your organization or for a VISPA VISION DEMO, contact
Lori Mulholland, HAPevolve’s director, business development, or Geneva Schlabach, CEO, Vispa.