#USA #Santa Rosa, California #Great Lakes #Revenue Cycle #VisiQuate

Strategic Partnership to Enhance Healthcare Revenue Cycles

In a pivotal move for the healthcare industry, VisiQuate, a frontrunner in advanced analytics and AI-enabled healthcare solutions, has formed a strategic alliance with Great Lakes Consulting Services, Inc. (GLCS). This partnership aims to revolutionize revenue cycle management by offering healthcare organizations enhanced financial performance while minimizing administrative inefficiencies.

Combining Strengths for Enhanced Performance

Vijay Kumar, the CEO of VisiQuate, emphasized the necessity for healthcare providers to transition towards innovative solutions that not only improve operational efficiency but also enhance financial sustainability. This partnership seeks to deliver just that by fusing VisiQuate's sophisticated analytics capabilities with GLCS's consulting expertise. "Together, we aim to empower healthcare leaders to navigate the complexities of financial performance in an ever-changing environment," Kumar expressed.

By leveraging VisiQuate's proprietary Harmoni Data Intelligence Platform, GLCS's consultants will unlock advanced insights across the revenue cycle. This unique collaboration will assist healthcare organizations in realizing substantial financial impacts through various methods:

• - Revenue Yield Improvement: Ensuring maximization of net revenues while minimizing leakage.
• - Cash Acceleration: Expediting payment processes which optimizes liquidity for healthcare providers.
• - Reduction in Bad Debt Expense: Identifying root causes to eliminate avoidable write-offs.
• - Enhanced Reserves Modeling: Boosting accuracy in financial reporting and maintaining compliance standards.
• - Net Revenue Forecasting: Delivering actionable insights essential for guiding operational decisions.
• - Process Mining and Optimization: Revealing hidden inefficiencies and propelling workflow automation.

Observing Measurable Financial Outcomes

Rebecca Imhoff, the President of Great Lakes Consulting Services, reiterated the aim to enhance decision-making through data-driven methods. "By integrating VisiQuate's robust AI capabilities, we elevate our service offerings and can effectively transform insights into measurable financial outcomes for our clients,” she stated.

This partnership marks a significant step forward in assisting healthcare organizations to address urgent financial pressures and operational complexities head-on. GLCS Principal Consultant Jeff Dixon noted how this collaboration not only amplifies their consulting reach but also encapsulates a shared dedication to driving sustainable changes and delivering actionable intelligence to healthcare leaders.

Vision for the Future

The combination of VisiQuate's innovative technology and GLCS's seasoned expertise reinforces a shared vision for the future of healthcare finance. Both entities are unwavering in their commitment to transforming the current landscape, wherein healthcare providers can thrive amidst challenges. This partnership uniquely positions them to facilitate long-overdue changes that can lead to vastly improved patient care outcomes and financial health for healthcare organizations.

As these two companies collaborate to refine the revenue cycle processes, it is clear that the landscape of healthcare finance is set to undergo a significant transformation. The partnership is driven by a collective objective: maximizing financial performance and pushing the boundaries of what is achievable in the healthcare sector.

About VisiQuate

VisiQuate is dedicated to transforming healthcare organizations through innovative technology solutions. With a focus on AI-driven analytics and automation, VisiQuate empowers revenue cycle teams to work more efficiently and effectively, ensuring that healthcare providers can optimize their financial performance and operational efficiency.

For more information, visit visiquate.com.

About Great Lakes Consulting Services

Great Lakes Consulting Services specializes in assisting healthcare providers in improving their revenue cycle and operational efficiencies. With a robust track record of success, GLCS remains a trusted partner for organizations looking to thrive in today's complex healthcare environment.

To learn more, visit glcs.io.