To fulfill both of these purposes, it’s important that your practice operates smoothly and profitably. This presents a variety of challenges: Are your billing and collecting practices leaving money on the table? How do you navigate the complexities of the Affordable Care Act, HIPAA regulations and insurance requirements? How do you find qualified staff (especially regarding positions in accounting and billing and collections)? What steps should you take if you want to merge with another practice or take on a new partner? For over 50 years, James Moore & Co. has been the healthcare CPA firm of choice for physicians, physician groups, dentists, veterinarians and other health-related organizations. Our Healthcare CPAs dedicate their time and expertise to helping practices like yours face these and other challenges. From outsourced accounting to business process improvement, we can help you monitor the vital signs of your business. Because a practice that runs well doesn’t just turn a profit; it helps you better serve your patients, too.

James Moore Healthcare Industry Overview The needs of health care providers go beyond financial statement preparation, tax planning and compliance. So we provide solutions that go beyond what a traditional CPA offers.

For hospitals, it is 4x harder to collect from patients than insurance payers. Patients now make up to 30% of hospital revenue but are 4x harder to collect from than insurance payers1 due to complexity, regulation and patient means. 

Sift Healthcare provides advanced analytics and machine learning integrations to optimize patient payments. Sift combines patient payment expertise and AI-driven intelligence to equip providers with an integrated toolset to optimize patient financial engagement.

Patient collections should be a dialogue, not a solicitation. Sift integrates AI into your patient engagement platform to guide patient communications activities – maximizing collections while improving patient engagement.

• Account Segmentation
• Patient Contact Strategy
• Payment Plan Provisioning
• Improved collections, increased payment plan adoption, and reduced inbound/outbound calls

Propensity-to-pay for a person, not a number. Sift goes beyond credit scores, leveraging historical data to determine the best engagement approach for each patient.

• Improved Patient Satisfaction
• Pre-service patient financing and collection recommendations that help avoid surprises and set expectations
• Lookalike predictive models, not credit scores and rule logic
• Increased upfront collections with more empathy

Sift Healthcare provides intelligent and accessible solutions for provider systems that need to extract meaning and value from their vast stores of payments data. Sift organizes and normalizes all of your payments data in one location, providing a holistic view of collections. Our denials and patient collection dashboards, payer scorecards, propensity to pay tools, market intelligence reports and enriched patient profiles enable revenue cycle teams to optimize workflows and accelerate cash flow.

• Unified and normalized data sets that are accessible and provide a full view of patient payment behavior 
• Dynamic machine learning based workflows, rather than rigid rules-based logic
• Intelligence that enables the most effective use of EHR functionality