Meet RemedyIQ - Strategic Advisory

Meet RemedyIQ

RemedyIQ is a boutique consulting firm empowering healthcare organizations and their leaders with the tools, insights, and data-supported root cause analysis to thrive. Collectively with over 200 years of experience in healthcare, we offer strategic advisory services, interim resource support, and revenue protection solutions to improve financial performance by reducing cost to collect, streamlining claims adjudication, and optimizing existing technologies and workflows.

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Strategic Advisory

RemedyIQ focuses on the remedy for your revenue cycle, so you can focus on your patients. Our strategic advisors bring you the experience and partnership needed to identify challenges, implement transformative solutions, and execute initiatives with confidence.

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Assessments & Root Cause Analysis

RemedyIQ leverages existing reports and readily available data to quickly perform assessments to provide findings and recommendations to address problem areas. Our methodology of data-supported root cause analysis allows us to efficiently pinpoint issues and our operational experience allows us to provide tactical approaches to remedying concerns within your organization. Whether it be analyzing a population of aging A/R, examining a denials backlog, or investigating underperforming trauma revenue – we are here to help.

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Payer Strategy

‍RemedyIQ supports clients with the complicated relationship between payers and healthcare organizations. Strengthening these relationships through open communication, transparency, and collaboration can lead to a more efficient claim adjudication process for all parties.

• Establish a governance program that oversees payer communication (internal/external), payer escalation protocol, and technical workflows for account management
• Foster collaborative relationship with payer and provider teams
• Identify mutually beneficial workflow modifications to streamline claim processing
• Create payer report cards with agreed upon SLAs and KPIs

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Litigation Support

‍RemedyIQ provides healthcare organizations and law firms with the skillsets needed to aggregate, validate, and value issues, prepare for arbitration/mediation, and serve as expert witnesses.

• Valuation of issues including cost/benefit analysis and likelihood of outcome
• Isolation and analysis of claim data, payer contracts and payer policies 
• Validation of eligible claims for legal escalation, prepare claim listings
• Preparation of dispute position including denials, case studies and supporting documentation
• Provide counsel with Revenue Cycle and healthcare reimbursement subject matter expertise
• Deliver recommendations on staff education, workflow, and effective dispute resolution processes

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Automation & Workflow Optimization

RemedyIQ excels in enhancing automation and optimizing workflows for healthcare providers, allowing them to unlock the full potential of their tools and systems. Pairing revenue cycle operational experience alongside technical expertise makes us a trusted partner to achieve meaningful outcomes when it comes to automation and optimization. Our approach focuses on reducing cost to collect by eliminating unproductive touches, automating repetitive tasks, and streamlining claims processing to reduce days to payment.