3M Health Information Systems offers a broad range of products and services that help streamline financial workflows and manage pricing in the context of an organization’s long-term market strategy. 3M Revenue Cycle Management products and services help eliminate cumbersome processes by centralizing updates and reporting, while enabling an organization to achieve appropriate reimbursement for services rendered. With proven medical necessity, chargemaster, document management, and coding compliance offerings, 3M can address issues that help reduce denials and increase revenue.
"The 3M™ Ambulatory Revenue Management Software has been a great solution for our medical necessity-related claims denials. It has helped us decrease the number of denials, the amount of rework, and the number of calls to patient accounting. Plus, we saw a 25 percent decrease in Medicare adjustments for lab and a 22 percent decrease in adjustments for x-ray claims."
—3M Ambulatory Revenue Management Software client and HIM manager for a 400+-bed acute care hospital
"The decline in write-offs over time has made a significant contribution to our bottom line. Annual write-offs that once totaled in excess of $360,000 monthly are now below $85,000."
—3M Medical Necessity software client and Assistant Vice President/Compliance Officer for a southeastern U.S. healthcare alliance (10 healthcare facilities, representing 1,199 licensed beds and more than 750,000 outpatient visits in 2006)
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