tevixMD Reduces Costs For Healthcare Providers in Multiple Ways,
and it all Starts With Superior Data & On-Demand Analytics.
Through. . .
Flexible Analytics & Reporting, available immediately
Detailed management and tracking of payments, transactions, cash and staff/site financial activities
Reduction in Claims Rejections
Simplification of Workflow
A Fully-Integrated System
- and Much More
As well as. . .
Discover What Better Data and
Analytics Can Cut in Your Costs,
Workflow & Claim Processing
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BREAKDOWN: Economic Impact from tevixMD Data on Claims Labor Costs
Based on initial claim failure rate due to data errors of 35% (the industry standard AVG)
and tevixMD's rescuing the claims, pre submission.
Eligibility/Benefits Verification ∔
Prior Authorization ∔
Remittance Advice ∔
Claim Resubmission (35%)
Manual / Electronic* tevixMD Cost
Labor Cost/10,000 Savings
$ 57,700 / $12,200
$142,400 / $19,300
$42,200 / $12,600
$14,770 / $10,600
$257,070 / $54,700
∔ 35% of these efforts are wasted due to inevitable claim denial
* Labor cost per task (manual / electronic)
Eligibility/Benefits ($5.77 / $1.22)
Prior Auth ($14.24 / $1.93)
Claim Submission ($4.22/ $1.06)
Remittance Advice ($4.22 / $1.26)
SOURCE for costs: 2019 CAQH Index -
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