LaClaro, maker of the Lighthouse revenue cycle management system for ambulatory surgery centers, has announced the launch of a new data analysis solution intended to help pinpoint problems for collecting payment for procedures that include implants, evaluate the profitability of implant procedures and identify ways to speed up the payment cycle, according to a news release from LaClaro.
LaClaro's new service offers a one-time implant payment analysis report that analyzes two years of an ASC's claims data, according to the release. The report compares the overall accounts receivable timeline for claims with and without implants; breaks that comparison down for each payor and calculates the real costs of implants and compares it to the revenue generated.
"We've built in a lot of flexibility in terms of how the analysis is created accommodating for an individual centers’ billing method and contractual agreements," said Terry Rajendran, LaClaro's CEO, in the release. "Some of our clients tell us their implant claims used to spend an average of 80 days in accounts receivable. They were able to cut that time in half."
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