When you ask doctors and other healthcare professionals about the most significant challenge they face daily, the answer isn’t complex diagnoses, extended work hours, or emergency calls. It would involve taking up routine, tiring, and confusing administrative tasks. Patient Data Management Services is one such vital but time-consuming administrative task.
What is Patient Data Management Service?
Patient Data Management Service is a part of administrative healthcare that handles patient data collection, analysis, and management. This is the first department of people that patients face, even before they enter the practice or clinic.
When a patient calls a clinic for an appointment, the data management experts start their data collection process and get the required information like name, gender, age, insurance coverage details, and history.
Once the patient enters the clinic and gets treated, other data like treatments offered, diagnosis, co-payer details, and future appointment schedules must also be managed. These are also the responsibilities of the data management team.
Why is Patient Data Management Service important?
At first glance, Patient Data Management Services may sound like a monotonous and tiring administrative task, and you may think you can hire anyone to get this done.
However, patient data management is the first and crucial step of RCM operations for any healthcare brand, and if this is not handled right, then the proceeding steps get affected too. At the end of the day, ineffective patient data management will directly affect your revenues generated.
Here are three reasons why Patient Data Management Services need to be handled by experts.
1.The data collected helps you get paid – All insurance companies require you to back up bills with essential patient information. The payments get delayed or refused if the data is incorrect or partial. Investing in an effective Patient Data Management Service team is necessary.
2.Helps collect and store essential patient information – Your patient is your potential clientele, so your business needs to keep all needed information to interact with them better and retain them. Quintessence offers Business Intelligence solutions along with regular RCM services, and well-collected patient data can provide exceptional input for such analysis. You can use the patient data to make strategic decisions like what other services you could offer, which department needs to be expanded, and so on.
3.Helps improve patient experience – Most patients come to a hospital or practice with pain, discomfort, or stress. The worst thing the practice can do is cause delays or confusion because of inefficient data collection. Some hospitals don’t collect all required data the first time and constantly get in touch with the patient or the family for additional details throughout the treatment process. Others may enter incorrect information, preventing bills from being cleared by insurance and causing delays in discharge. Working with effective Patient Data Management Services will help improve the patient experience, ensuring they return to you the next time.
Handling Patient Data Management Services inhouse vs. outsourcing it
Not all medical practices can handle Patient Data Management Services effectively in-house. This is because they need to hire a team of people, train them, re-train them with time, and ensure the process matches industry standards. All of these take time and effort.
When you outsource Patient Data Management Services, you get the best service without investing time and effort into the process. Quintessence can import patient data from one system to another, ensuring data is captured wholly and precisely.
Our innovative AI-based tools also ensure that the data captured meets 100% of audit requirements before they are submitted for claims. As a result, you can submit claims confidently and ensure the claims are not rejected, stating incorrect or lack of backing data.
Our data collection and analysis experts have several years of experience in this industry. They have worked with several notable clients in the healthcare industry, and their experience gives you the much-needed competitive edge to optimize data collection and analysis.
Conclusion
Unlike what healthcare providers assume, Patient Data Management Services is not just a mandatory administrative task. It is the starting phase for RCM operations, and when this is done right, the other steps will comfortably fall in place. Outsourcing health data management can help you quickly optimize this department and find problem areas to work on.
Get in touch with Quintessence to know to collect, digitize, manage, and analyze patient data to your advantage.
