Welcome to Jorie, where the worlds of FinTech and HealthTech seamlessly converge to supercharge your financial processes.
In the face of potential closure, 646 rural hospitals across the United States are searching for solutions to secure their future. These hospitals play a critical role in their communities, providing essential health services to residents who may not have the means or ability to travel long distances to larger, urban hospitals. (Source)
The closure of these hospitals would not only have devastating effects on the health of rural communities but would also lead to significant job loss.
However, all is not lost. Thanks to advancements in technology, Artificial Intelligence (AI) presents a promising solution. One such solution comes from Jorie Healthcare Partners, who offer AI solutions tailored to the needs of healthcare systems and hospitals.
Jorie Healthcare Partners leverages existing technology, wrapping it in best-of-breed automation solutions to provide organizational excellence. This approach results in improved accuracy, efficiency, and cost reduction.
Jorie's AI solutions can bring significant improvements to hospitals' bottom line. The accuracy of eligibility is 99%. Management of Revenue Cycle Management (RCM) by bots is 70%. Denials can be reduced by 75%.
One of the key offerings from Jorie Healthcare Partners is their Full End-To-End Automated Solution. This AI-driven solution can help reduce the risk of errors for hospitals and enable them to lower costs during collection. This is particularly beneficial to rural hospitals that operate with limited resources and tight budgets.
In addition to their fully automated solution, Jorie Healthcare Partners also offers a Hybrid Resource Model. Their AI solutions can work alongside human resources, trained to work with existing EHR/EMR systems and revenue cycle processes.
This model provides more options for customization and allows revenue cycle managers to maintain jurisdiction over all operations. By integrating AI into their processes, rural hospitals can increase efficiency without completely overhauling their existing systems.
In the complex landscape of healthcare, one size does not fit all. This is especially true for rural hospitals, which face unique challenges that differ significantly from their urban counterparts. These challenges include:
To address these specific issues, a tailored approach to revenue cycle management is required. This is where Jorie's AI solutions come into play.
Recognizing the distinct needs of each organization, Jorie AI does not apply a uniform solution across all hospitals. Instead, they take a strategically focused approach to resolve specific RCM needs. Jorie's AI solutions are designed to seamlessly plug into the organization where they are needed the most, from patient registration and charge capture to claim submission and payment collection.
By conducting a thorough analysis of a hospital's existing workflow and systems, Jorie identifies areas that can benefit most from automation. These might be areas where human error is common, such as data entry, or processes that are particularly time-consuming, such as insurance eligibility verification. Once these areas are identified, Jorie's AI solutions can be deployed to automate these tasks, leading to improved accuracy and efficiency.
As the hospital's needs change over time, the AI systems can be adjusted accordingly. This adaptability ensures that the solutions remain effective and continue to meet the hospital's evolving needs. This is particularly valuable for rural hospitals, which may experience fluctuating patient volumes and changes in funding.
Furthermore, Jorie's AI solutions are designed to work with existing EHR/EMR systems. This means that rural hospitals do not need to invest in entirely new systems or undergo complex integrations. The AI solutions simply enhance the capabilities of the existing systems, improving their functionality and efficiency.
In essence, Jorie's AI solutions offer a personalized strategic approach to RCM for rural hospitals. By focusing on the specific needs and challenges of each hospital, they provide a tailored solution that improves efficiency, reduces costs, and ultimately contributes to the hospital's financial stability.
But how does this translate to financial stability for rural hospitals? By simultaneously reducing the cost to collect and increasing total collections, hospitals can vastly improve their financial standing. This results in improved margins and found money, increasing the capacity to care for patients within the community.
Jorie's AI solutions provide a scalable infrastructure. As a healthcare organization grows, an investment in staffing and infrastructure is necessary to sustain quality care delivery. When infrastructure can scale seamlessly, leadership is free to drive the organization forward without unnecessary delays.
Finally, by converting variable costs into fixed costs, the financial health of the organization improves, allowing for accurate growth forecasting and spend. This is crucial for rural hospitals that need to carefully manage their resources and plan for the future.
The AI solutions offered by Jorie Healthcare Partners can play a significant role in ensuring the survival and growth of rural hospitals. By adopting these solutions, hospitals can improve their financial stability, increase efficiency, and continue to provide essential services to their communities. It's time to embrace the future of healthcare – a future where technology and human expertise come together to save our rural hospitals.