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In the hospital business, few financial arrangements are as critical—and fraught with complexities and red tape—as insurance payments. Other than deep discount on the rates, the biggest headache is payment speed. Yes, say insurance cashflow to any hospital CFO and watch the involuntary shudder. In Philadelphia, executives at Thomas Jefferson University and Jefferson Health, found a way to use analytics to accelerate chemotherapy insurance payment authorizations from 22 days to five days. And this reduction in insurance payment latency also increased the speed of patient care - all through the use of data analytics. Learn how they did it. |