Para Data Editor
Whether it’s budget cuts, cost-saving initiatives, or uncertainty about the best use of existing data, many providers seek a better way to manage their revenue cycle solutions. Rather than scatter their data across multiple disparate platforms, they need a consolidated source of truth where they can structure all their healthcare revenue operations. They need CorroHealth’s PARA Data Editor.
Designed to function as a comprehensive resource to meet all of an organization’s revenue cycle management needs, the PARA Data Editor (PDE) is a single-source web-based platform containing information on pricing, coding, reimbursement, compliance, and more. With it, providers may review and analyze outstanding accounts, optimize pricing according to competitor data, shorten reimbursement times, and improve regulatory compliance. Here’s what the PDE has to offer.
The PDE has many functionalities that can help providers optimize revenue cycle management processes, including:
Charge Quote/Price Transparency
By furnishing users with accurate quotes upon request and facilitating electronic data interchange (EDI), providers can fulfill Centers for Medicare & Medicaid Services (CMS) price transparency regulations while verifying eligibility immediately.
Sometimes items must be added, changed, or inactivated in your Charge Master, and our modified research databases help you do it without difficulty.
This feature allows you to evaluate all claim details and 835/837 exploratory data analysis (EDA) data to ensure all requests are submitted correctly. It can also help you analyze denial trends to help ensure future claims are approved.
Payer Contract Analysis
With this function, users can manage and model all contracts for price transparency, pricing analysis, claim reconciliation and pro forma modeling of contract terms for improved reimbursement.
By granting you unlimited access to current peer market data, you gain insights into competitor pricing so you can model your own accordingly.
When you create different pricing scenarios for your services, you can see the net and gross impact each one has on the bottom line.
This intuitive interface allows users to manage all pharmacy and supply mark‐ups for price appropriateness.
By allowing users to access past and current Charge Master files, providers manage coding or billing issues and ensure an up to date and compliant Charge Master.
This query-based research tool lets users examine a wealth of resources, such as past and present billing and coding information, local coverage determinations (LCDs), national coverage determinations (NCDs), reimbursement rates, and additional resources.
Our educational library contains supporting documentation on all relevant industry changes, including resources from MedLearn, the Office of Inspector General (OIG), Recovery Audit Contractor (RAC), CMS transmittals, articles, and bulletins.
Identify and resolve compliance and reimbursement issues by data mining all inpatient and outpatient Medicare claims from as far back as 2006.
By offering a comprehensive, centralized online resource, providers can access all the knowledge they need at their fingertips. In addition, they will have a single tool versatile enough to help them manage each aspect of their revenue cycle operations.
How the PARA Data Editor Works
Unlike software platforms that must be purchased, installed, and maintained, the PARA Data Editor has, at its core, a design with simplicity at the forefront. This web-based tool requires no installation and is accessible by your staff from any computer connected to the internet. There are no up-front costs or start-up fees, and maintenance, training, and support are all included in one low monthly charge.