Flex is the first and only revenue cycle solution, monetizing your commercial and workers’ comp claims in 3 days, significantly reducing your WADIO by 90%, automating the claim-payment reconciliation process, and returning business intelligence to improve your revenue cycle.
Request a DemoWe understand the challenges you face with untimely insurance payments and increased days insurance outstanding (DIO). Flex Financing-as-a-Service (FaaS) gets you paid immediately for services delivered, significantly reducing your DIO, and streamlines your insurance revenue cycle.
Flex automation gives you best-in-class automation solutions which integrate with all major healthcare billing systems and commercial banking partners to manage and track all stages of your revenue cycle, yielding easy in-depth analysis in revenue cycle health and full remittance and reconciliation automation.
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Make your revenue cycle more agile and forward-looking with our business analytics and reporting functionality.
Maximize the benefit of ERAs, including those provided by outside sources, with our automated payment reconciliation process.
Use our dashboards yielding real-time tracking dashboards and allowing you to quickly configure and pull reports on health plans, patient payments, payment mix, and other revenue cycle insights.
Convert paper EOBs into postable electronic files (835s) for improved and streamlined workflow efficiency, with embedded advanced research capabilities.
Simplify and integrate patient payment data from multiple sources (including lockboxes, checks and credit cards) for faster research and automated posting.
Consolidate existing and incoming remittance and reconciliation information with indexed fields for easy data retrieval.
Increase the speed and accuracy of claims submissions by using our advanced scrubbing tools to improve first-pass claim acceptance rates.
Some helpful questions that are commonly asked. For more information, please visit our Help Center.
Visit Help CenterWADIO is calculated using the claim values or payer payment times on a weighted basis of each claim payment period in an insurance receivable portfolio.
Why it’s important?
WADIO provides a more accurate depiction of payer reimbursement timelines, taking into consideration the cash value of each claim.
Read our published article about the importance of WADIO here.
