Healthcare Administrative Partners to Launch New Medical Practice Performance Analytics Platform
Media, PA – July 7, 2015 –Healthcare Administrative Partners (HAP), a leader in outsourced medical billing, coding, and practice management solutions, has completed beta testing of a new business analytics platform designed to give medical practices meaningful insight into the performance of their complete revenue cycle. Accessible online, and featuring a variety of standard and customizable reporting options, the business intelligence tool quantifies key practice performance data via an intuitive interface that makes it easy for both HAP practice managers and their clients to understand the past and current financial status of each practice. Users have the ability to view and export high-level reports via a dashboard as well as drill-down on more granular metrics in order to help discover opportunities for both operational and financial improvement.
According to Brian Effron, President of HAP, the new technology represents a milestone in the company’s historic mission. He states that, “From day one, performance transparency has been a key focus at HAP. Our clients have always trusted us to give them an accurate picture of their practice’s financial health, including how HAP is working to improve it. This new online analytics platform will enable a level of insight and action that is consistent with that commitment — and with the way our clients prefer to interact with our team and with technology.”
A select group of current HAP clients were involved in the recently completed beta testing of the platform, working closely with HAP practice managers to evaluate the functionality. Based on the positive feedback received from them, plans are proceeding for a general availability release in the fall of 2015 with complete details of the service to be announced at that time.
About Healthcare Administrative Partners
Healthcare Administrative Partners (HAP) is a leading provider of revenue cycle management solutions. We provide billing, coding, and consulting services to independent practices, academic practice plans, and other healthcare providers. As a trusted partner and business advisor, we cost effectively help providers address their complex business issues with solutions that maximize revenue, control costs, and minimize compliance risks. For more information, visit www.hapusa.com.
Chris Rosa, Director of Marketing
Healthcare Administrative Partners