Productivity vs. Effectiveness in the Revenue Cycle

The DocPreneur Leadership Podcast

Our guest today is Matt Seefeld, Executive Vice President at MedEvolve.

MedEvolve is a top provider of data-driven solutions that help healthcare businesses optimize their revenue cycles and medical billing teams to lower money collection costs, increase efficiency, and enhance revenues.

LinkedIn: https://www.linkedin.com/in/matt-seefeld-521319/

MedEvolve collaborates with tens of thousands of physicians and 50+ provider organizations nationwide, who in 2022, submitted $3.8B worth of claims with their assistance. They have over 90 employees, and their annual revenues are close to $20M.

Matt has over 24 years of management consulting experience in the healthcare sector and is very skilled in the evaluation, design, and execution of process improvement programs and the development of new technologies that can be applied across the entire revenue cycle.

He spent most of his early career assisting health businesses of all sizes in aligning people, processes, and technology as a revenue cycle consultant with Stockamp/Huron, PwC, and Deloitte.

Matt also founded and served as the CEO of Interpoint Partners, a provider of business intelligence solutions, which he sold to Streamline Health Solutions in 2011. He remained in the company after he sold it as the Chief Strategist of Revenue Cycle and later as the Senior Vice President of Solutions Strategy until 2014.

Before taking a full-time position at MedEvolve, he managed worldwide sales for NantHealth and offered consulting services to healthcare technology and service companies around the country.

On the webinar/podcast, Matt and Michael discussed:

• Why many physician practices are facing a harsh reality as they enter 2023. Revenue cycle processes and technology that have traditionally produced an acceptable bottom line are no longer delivering.
• How providers can fix their revenue cycle so they stop losing millions of dollars annually.
• Productivity vs. effectiveness in the revenue cycle: Should you measure claims worked or employee outcomes?
• How can healthcare executives combat "quiet quitting" in the revenue cycle?
• Trends that will impact how medical practice executives manage their businesses going forward.

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