Thomson Reuters helps employers track annual healthcare expenditures, determine the drivers of year-over-year cost variances, and forecast funding needs, as well as align costs with budget and build a foundation for future investment decisions. Thomson Reuters helps eliminate the costly cash flow issues resulting from revenue cycle dysfunction.
Benefits
- Healthcare cost tracking comparing budgeted versus actual expenses to improve cash flow management and forecasting
- Health insurance carrier audits to ensure billing and administrative fees comply with contract provisions
- Population health risk analyses to manage future service demand and cost
- Information to identify the revenue cycle risk points, tracking systems, and processes that prevent denied claims
- Tools for calculating and facilitating collection of patient portion of required medical services at admission
- Methods to manage patient treatment in compliance with payer contracts
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Advantage Suite - Employers
Advantage Suite ® integrates information from diverse sources and systems, organizes it to support decision making, and enables easy access to information in a flexible, customized application. Its powerful applications are linked to an integrated warehouse of medical and prescription claims, encounters, eligibility, lab results, authorizations, health risks assessments, and performance measures.
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Consulting Services - Employers
Our analytic consulting services help you identify and implement the best course of action to achieve your healthcare program objectives. We help you study an isolated cost and quality-related issue – or conduct a more in-depth analysis of inter-related organizational challenges.
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Financial Modeler
Financial Modeler from Thomson Reuters helps you easily and confidently forecast future expenditures, establish a budget, and track against that budget throughout the year. It also supports the annual premium and contribution rate-setting process.