Wave HDC's Webinar Series: “Hiding In Plain Sight”
Wave HDC's CRO Dean Paluch wraps up Wave's webinar series with "Hiding In Plain Sight: Five Reasons Why Paper Forms Cost More Than You Realize." Focusing on how Wave HDC and Shadowbox have come together to offer paper-based labs a unique platform that quickly reduces costs while increasing revenue and optimizing RCM.
POSTED January 02, 2023
Why Do Labs Continue To Use Paper?
Most people don’t realize that 50% of the lab procedures performed in the US today are completed using paper. The associated costs, cleverly hidden behind routine operations, make this a very expensive business model. The combined costs of paper forms, shipping, printing, storage, and staffing are enormous. Complicating things further, paper can be damaged in transit, lost, or unreadable. And paper orders can’t alert lab staff when they’re en route for processing.
The obvious solution to the ongoing costs and operational impacts associated with paper is to convert to an automated solution. Sadly, most small to mid-sized labs are under the impression that implementing automation is too expensive. But the collaborative solution Shadowbox and Wave offers is completely changing that mindset!
Shadowbox + Wave: Changing the Way You Do Business
By combining Shadowbox’s instant healthcare automation strategy with Wave’s real-time healthcare data curation, labs can eliminate the continual pain points driving up operational costs:
- Managing Supplies & Logistics
- Correcting Data Entry Errors
- Overcoming Staffing Challenges
- More Payer Denials
- Increased Bad Debt
Imagine an operation where you’re not constantly re-ordering or re-printing forms. And your staff doesn’t spend countless hours performing insurance discovery and claim follow-up tasks. Where processes historically handled “downstream” are performed at the time of order. It’s all possible (and more!) with the Shadowbox + Wave solution and at a price point cheaper than paper.
Catch The Replay
If you couldn’t join the live webinar, we invite you to watch the replay. This is an important topic, especially for labs looking to streamline their operations and improve their numbers in 2023. Greg and Dean cover a lot of territory in this session, with Greg sharing some surprising stats based on years of working with lab clients.
It’s time to retire that fax machine and create an environment that promotes efficiency, supports the sales and revenue cycles, and elevates the patient experience, all while generating a significant increase in your ROI. Shadowbox + Wave; making automation achievable and affordable!
Save time and increase revenue today!
Schedule a call with our team and start improving your RCM in as little as 30 days.
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