Experian Health Ranked Best in KLAS in Claims Management, Clearinghouse, and Revenue Cycle Contract Management Categories
February 07 2024 - 8:00AM
Business Wire
For the second consecutive year, the company’s
ClaimSource® and Contract Manager products are recognized among the
best vendors
Experian Health, a leading provider of revenue cycle management
(RCM) solutions that simplify healthcare, has earned the top KLAS
ranking for the second consecutive year in the Claims Management
and Clearinghouse and Revenue Cycle: Contract Management categories
for its ClaimSource® and Contract Manager products. The rankings
were released today in its annual 2024 Best in KLAS Awards -
Software and Services.
Healthcare providers are increasingly turning to technology to
alleviate their ongoing challenges with claim denials and staffing
shortages by automating administrative processes to increase
efficiency and improve RCM and patient engagement. In fact,
Experian Health’s 2023 Staffing Shortage Survey found a majority of
respondents (69%) see staffing challenges as a long-term problem
and a striking 100 percent said those staffing shortages have
affected RCM and patient engagement efforts.
“This recognition from KLAS reflects our dedication to deliver
innovative solutions that not only improve the financial health of
providers but also the patient experience,” said Tom Cox, president
of Experian Health. “Receiving this award two years in a row is an
honor as we remain steadfast in our commitment to simplifying
healthcare through technology.”
Experian Health's ClaimSource is an automated and scalable
claims management system that reduces denials and increases revenue
in a single application. It added two new Artificial Intelligence
modules this past year (AI Advantage Predictive Denials and AI
Advantage Denial Triage) that help drive Experian Health’s
customers to an average denial rate of only four percent versus a
10+ percent industry average.
Experian Health’s Contract Manager allows providers to level the
playing field with payers by verifying contractually allowed
amounts for all applicable claims, monitors payer compliance with
contract terms, and models the financial implications of proposed
contracts.
KLAS’s “Best in KLAS” recognizes top-performing healthcare IT
vendors where at least two goods meet the minimal KLAS Konfidence
criteria. This achievement underscores Experian Health’s commitment
to customer satisfaction and its ability to deliver measurable
results. To see the 2024 report, go to:
https://klasresearch.com/report/2024-best-in-klas-awards-software-and-services/3413.
To learn more about Experian Health Revenue Cycle solutions,
visit
https://www.experian.com/healthcare/solutions/revenue-cycle-management-solution.
About Experian Health
At Experian Health, we serve more than 60 percent of U.S.
hospitals and more than 7,500 medical practices, labs, pharmacies
and other healthcare providers with data-driven platforms and
insights that help our clients make smarter business decisions,
deliver a better bottom line and establish strong patient
relationships.
Part of Experian, the world’s leading information services
company, our Experian Health business is known for its patient
access heritage, advanced data insights and patent-pending
Touchless Workflow™ which help providers, labs, pharmacies and
other risk-bearing entities power opportunities in today’s
consumer-driven healthcare environment.
Experian has 21,700 people operating across 30 countries, and
every day we’re investing in new technologies, talented people and
innovation to help all our clients maximize every opportunity. We
are listed on the London Stock Exchange (EXPN) and are a
constituent of the FTSE 100 Index.
For more information about Experian Health, visit
http://www.experianhealth.com. Learn more about Experian at
www.experianplc.com or visit our global content hub at our global
news blog for the latest news and insights from the Group.
About KLAS
KLAS is a research and insights firm on a global mission to
improve healthcare. Working with thousands of healthcare
professionals and clinicians, KLAS gathers data and insights on
software and services to deliver timely reports and performance
data that represent provider and payer voices and act as catalysts
for improving vendor performance. The KLAS research team publishes
reports covering the most pressing questions facing healthcare
technology today, including emerging technology insights, that
provide early insights on the future of healthcare technology
solutions. KLAS also fosters measurement and collaboration between
healthcare providers and payers and best practice adoption. Learn
more at klasresearch.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240207516520/en/
Sandra A. Bernardo Experian 1 949 529 7550
Sandra.bernardo@experian.com
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