In an environment of growing business complexity, Executive Director Arthur Nadelman lacked the insight needed to implement firm decisions.
and Florida Orthopaedics unprecedented visibility into revenue cycle data and the power to make confident decisions about expansion.
Arthur Nadelman, Executive Director
All Florida Orthopaedic Associates
Improved Access to Data Assures Practice's Success
Arthur Nadelman, Executive Director of All Florida Orthopaedic Associates, has always prided himself on running a tight ship.
But as business decisions became more complex for this growing orthopaedic and rehabilitation practice, Nadelman
realized that he
needed more detailed and more accurate data.
What's more, he
knew that he
would never be able to extract that level of information from his
practice management system.
Deciding whether the practice should open a satellite office is a good example of the kinds of issues Nadelman faced.
Expansion is a huge decision for a practice-and one that is made primarily based on the numbers.
brought in consultants to help guide the decision-making process.
However, it quickly became clear that the types of data the consultants needed to make their calculations would take him weeks, if not months, to pull out of his
practice management system.
One feature, in particular, made the decision to go with Anodyne Health
a no-brainer for Nadelman
: Matched Collections.
Anodyne Analytics tracks all transactions (payments, adjustments, etc.) received against a particular date of service and matches them back to the original charge, providing a clear picture of your true revenue cycle.
So, if a charge is submitted at the end of a month, a payment received a few weeks into the next month, and an adjustment is made the following month, everything would be matched back to when the charge was originally submitted, regardless of when the payment or adjustment were posted, so it will "match" up.
"That's why I bought it," Nadelman reports.
All Florida Orthopaedics looked at a number of other analysis tools during their search for a BI solution and this matched concept was one of the key deciding factors in choosing Anodyne Health
team use it for much, much more.
Remember the pending decision about opening a satellite office?
Location Intelligence view helped him effectively evaluate his
patient base allowing him to make an educated decision about the new site.
Plus, generating the data needed to make the decision took just a few hours instead of weeks or months.
"That's amazing," Nadelman
In the end, the data led them to make the decision to rule out cost accounting and Nadelman
says they are looking at other compensation models.
"We are still evaluating compensation systems, but with Anodyne Health's assistance, we will make the right decision.
It has been less than a year since Nadelman
implemented Anodyne Analytics
, a process he
describes as "amazingly simple," adding that "Anodyne Health
did the majority of the work and tested everything.
The training was efficient and the ongoing support has been terrific.
We were up and running in no time."
In all, the decision to go with the company was unquestionably the right one for the practice and he
would "absolutely" recommend it to others.
And it has also proven to be a source of peace of mind for Nadelman