REVENUE CAPTURE CHECKLIST
GUIDE TO SELECTING A REVENUE CAPTURE PARTNER
Choosing the right business partner is critical. Leverage our checklist to ensure your partner has the technological savvy, industry expertise, and client support you need to pull actionable insights and increase cash collections.
1
Advanced technology
Sophisticated AI digs deeper into your data, creating millions of predictive leakage models, which, when paired with a robust rules library managed by industry experts, deliver a more comprehensive approach to leakage detection.
2
Net revenue visibility
Using actual contract data drives highly productive touches and smart prioritization of accounts based on timely filing and net revenue opportunity.
3
Expertise
Be sure to work with an accomplished, onshore team. Experts who understand regulatory nuances and the operational and technological challenges you’re facing can help propel your detection strategy to the next level.
4
Pre-bill approach
Accelerate cash flow and avoid claim correction with pre-bill analysis — across an entire health system or targeted areas. Go with a solution that simplifies leakage detection upstream and eliminates the need for re-billing by sending correct claims the first time.
5
Accuracy + efficiency
Expedite leakage detection and account verification with a team of highly credentialed coders and clinicians who can deliver an agreement rate of more than 95%. Ensure your revenue capture partner’s auditors do the heavy lifting and support your staff by delivering actionable charge capture accounts with detailed notes.
6
Support team
Transform revenue leakage detection with a partner that takes a white-glove approach to client survey and goes the extra mile to ensure everything is running smoothly. Their support team should be constantly up to date on the current state of revenue capture while regularly identifying opportunities for improvement.
7
ROI
Choose a trusted partner with a track record of delivering powerful results and solves leakage detection problems while paying for itself.
8
Advanced analytics
Customized, intuitive reports, dashboards, and alerts transform your data into actionable
insights, enabling better reporting and evidence-based decisions.
9
Security + privacy
Select a partner that’s deeply committed to information protection, risk management, and regulatory compliance. Look for HITRUST CSF and NIST certifications.
10
Accessibility
Elevate productivity and employee satisfaction with a secure SaaS cloud computing application that supports both in-office and remote user access.
FINAL THOUGHTS
Proven results
When results matter, hospitals and health systems choose Waystar as their trusted revenue leakage detection partner. Our Revenue Capture solution delivers more productive touches, stronger performance visibility and improved cash recovery.
Waystar is here to help guide you in your revenue capture journey. Click here to learn how we can help you navigate the unique challenges you’re facing.
