Soarian Financials - Features & Benefits

Soarian responds with key differentiators…….

Single enterprisewide solution
Soarian is designed for the entire enterprise. It is perfectly suited for the single entity or complex multi-entity provider, including hospitals, clinics, and physician practices.

Benefits:

One system for the entire enterprise. Soarian Financials provides one comprehensive system to manage the revenue cycle throughout the continuum of care.

Enterprisewide master person index. Soarian Financials includes a centralized database repository of person/patient information, providing a complete historical index of the patient’s previous hospital, ambulatory, and clinic visits that have occurred throughout the health enterprise.

Flexible organizational hierarchy. Soarian Financials allows providers to support and easily maintain a multi-entity enterprise. Soarian’s Operational Hierarchy is a structured grouping of providers that defines the business and billing relationships of your enterprise. The hierarchy shows the relationships between providers, determines the ownership of receivables, and determines which organizations are grouped together for billing purposes.

Embedded content and functionality
Soarian reduces the need for a multitude of disparate applications by embedding the following capabilities into a single solution:

Eligibility and benefits management

Medical necessity processing

Extensive payer and business rules

Claims engine and editing

Contract management and modeling

Denial avoidance and management

Enterprise document management

Reporting and analytics

Benefits:

Cost avoidance: Soarian reduces a provider’s investment in license, support, and interface fees a ssociated with maintaining a variety of bolt-on and surround solutions.

Denial prevention and clean claims: Soarian Financials helps you prevent denials and payer rejections by continuously validating claims and encounter data against business and payer rules throughout the entire revenue cycle. Dynamic worklists and analytics help users to track, trend, resolve, and correct root-causes of avoidable claims denials and rejections.

Improved management of payer contracts and receivables: Soarian’s innovative contract engine automates the process of receivables creation by grouping encounters and services for billing and by accurately calculating and displaying expected payer and patient reimbursement online, as services are provided. This supports a provider’s efforts to collect expected patient liabilities prior to check- out/discharge. In addition, Soarian provides leading practice payment variance tools, including business rules and worklists to drive follow-up and underpayment recovery.

Embedded Business Intelligence and Reporting
Soarian’s business intelligence provides users with ease-of-access to key financial and operational performance data and outcomes.

Benefits:

Dashboard-views of key metrics: With Soarian, you can monitor a wide range of KPIs and business outcomes using easily-configurable executive dashboards and email notification alerts.

Full business transparency: With a library of more than 300 browser-accessible reports, you get a 360° view of your organization’s performance.

Track performance against standards: Soarian can help you bring an elevated business understanding and discipline to your organization by allowing you to measure business outcomes against pre-defined performance standards and quickly respond to variances.

Embedded Workflow Design
Integrated workflow supported by flexible rules-based processing and near real-time exception-based work listing.

Benefits:

Doing the right thing at the right time is easier for users throughout the organization. Re-work in the business office is minimized because people throughout the organization are prompted to collect complete and accurate data.

Responsibility for providing correct and complete data for the revenue cycle extends beyond the traditional walls of the business office to scheduling, patient access, and clinical departments. The worklists provide feedback to the originating area, resulting in a continuous quality improvement loop.

Web-native/Service-Oriented-Architecture
Soarian sets itself apart as an information system designed from the ground-up to take advantage of a service-oriented-architecture – the technology that is widely recognized as the basis for the next generation of IT.

Benefits:

Healthcare Process Management: SOA is the enabling technology for orchestrating workflow and driving processes across the healthcare enterprise, providing organizations with:
   o Business Agility: The agility to adapt to change and drive continuous improvement;
   o Interoperability: An advanced design that provides deeper and broader levels of interoperability as other systems become part of an SOA ecosystem.
   o Future-Proof: The ability to grow and adapt as technology evolves.

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Soarian Financials - Features & Benefits

Soarian Financials - Features & Benefits

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