Adonis is a revenue intelligence & automation platform that delivers AI-driven insights to help your hospital or digital health clinic beat revenue KPIs.
Topic

The Adonis Effect: Customer Performance Index

Welcome to Adonis's quarterly report index, where we spotlight the tangible benefits our solutions have delivered to three distinguished healthcare practices. With innovative solutions tailored to fit the unique needs of each specialty, Adonis is going deeper and richer than any other RCM solution that's presently available to the Healthcare industry. This quarter, we've emphasized how our services have greatly improved the financial health of our partners, driving down their costs while increasing their collection rates. By comparing their metrics before and after their collaboration with Adonis, our impact becomes evident.

Industry Wide Insights

Maximize revenue outcomes that enable healthcare providers to deliver the highest form of patient care is an operational necessity. Specifically, within the Behavioral Health, Dermatology, and Hospital Systems, the collection rate plays a significant role in the overall financial health of a practice. Our findings indicate that not only did our solutions boost the collection rate of our partners, but their rates surpassed their specialty average by 11%.

+
11
%

Hospital Systems Spotlight: 
The Adonis Advantage

Before Adonis

  • The Hospital Systems, typified by our collaboration with a renowned Hospital System, faced a multitude of challenges. The lack of actionable insights into the health of their RCM, combined with messy siloed data, crippled their efficiency.
  • A significant underpayment issue loomed large as payers were remitting less than their contractual obligations.
Adonis fosters unparalleled revenue outcomes that improve efficiency, reduce costs, and increase revenue. Our partnerships are forged in the commitment to long-term financial success.

After Adonis

  • We made significant inroads in improving their collection rate and days in A/R. Our systems promptly unveiled previously missed revenue opportunities.

By The Numbers: Revenue Intelligence At Hospital And Healthcare Systems

10M+
Claims records
3M+
Missed revenue identified

Revenue Intelligence — Scrubber Edits

Ensured clean claims submission and fewer denials.

Revenue Intelligence — Alerting

Proactive alerts ensured quick rectifications of denial and AR issues, thereby streamlining RCM.

Revenue Intelligence — Underpayments

Through our vigilant monitoring, over $3 million in missed revenue was identified, with the analysis of more than 10 million claim records.

Dermatology Practice Spotlight: The Adonis Impact

Before Adonis

  • Dermatology practices, represented by our association with a leading Dermatology Practice, grappled with low collection rates. The reason was primarily the unclear patient statements dispatched much after the service date, leading to high call volumes, patient confusion, and dissatisfaction.
Adonis fosters unparalleled revenue outcomes that improve efficiency, reduce costs, and increase revenue. Our partnerships are forged in the commitment to long-term financial success.

After Adonis

  • With our intervention, there was a marked surge in patient collection rates and a considerable decrease in call volumes. This transformation heralded a new era of patient satisfaction.

By The Numbers: End-to-End Billing at Dermatology Practice

+
94
%
Overall Collections
3
%
Denials Decreased
+
21
%
Patient Cost Collections

End-to-End Medical Billing Services

Our system facilitated the collection of over $400k in patient payments within the first 3 months of launching. The net collection rate touched a remarkable 94% while denials plummeted to 3%.

Phone Concierge Service

Resulted in a substantial dip in patient call volume, addressing concerns related to patient statements.

Patient Statements

The collection rate for patient cost share increased by 21% in the initial 3 months of launching.

Behavioral Health Spotlight: The Adonis Impact

Before Adonis

  • Focusing on a digital-first mental health company dedicated to seniors, the challenges were unique. As a burgeoning startup, they sought a tech-savvy RCM collaborator, capable of matching their exponential growth.
Adonis fosters unparalleled revenue outcomes that improve efficiency, reduce costs, and increase revenue. Our partnerships are forged in the commitment to long-term financial success.

After Adonis

  • By harmoniously combining human acumen with cutting-edge technology, Adonis played an instrumental role in uplifting their business. Our revenue intelligence coupled with end-to-end billing, ensured that their collection rates and patient experiences remained unparalleled.

By The Numbers: End-to-End Billing for Behavioral Health

End-to-End Medical Billing Services

Our solutions seamlessly supported a 40% month-over-month spike in claims processed. As the visits culminated, patients received bills the subsequent day. The original expected reimbursement with provider coding compared to Adonis E2E coding was 64% higher.

+40%
Increase in claims processed
+64%
Reimbursement Effectiveness

Keep up with our growth in 2023

Our Q3 report stands as a testament to Adonis's commitment to revolutionizing the RCM industry. Our partnerships, fortified by trust and innovation, continue to redefine success metrics across specialties.
Adonis remains dedicated to its mission of driving financial health and operational excellence across the healthcare sector. In the coming months, we will continue to innovate our existing products while also building new products and features that will help our customers stay ahead of the curve - stay tuned for our Q4 report.
Ready to Reach Your
Revenue Potential?
Request a Demo