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Optum Revenue Cycle Management Solutions

Optum helps health systems and hospitals manage the financial aspects of patient care. It is designed for organizations that need to handle medical claims and reimbursement workflows.

At a glance

Category
Healthcare
Best for
Health systems, Hospitals, Healthcare providers
Pricing
Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.
Key use cases
Medical Claims and Reimbursement, Patient Financial Engagement, Middle Revenue Cycle Optimization, Payer-Provider Communication
Official website
www.optum360.com
Screenshot of optum360 website

Optum Revenue Cycle Management (RCM) is an end-to-end platform designed for the healthcare sector. It provides tools and services to support the administrative and financial processes from patient access through final payment.

The software is designed for health systems, hospitals, and healthcare providers. It includes modules for ambulatory revenue technology, medical coding, and patient payment processing, which may help reduce the administrative burden on staff.

By using AI-driven tools and real time payer transparency, the platform is designed to help providers make financial decisions and may help reduce the number of claim denials. It also offers advisory expertise for organizations seeking consulting on their financial operations.

Buyers should confirm which specific modules—such as Patient Access or Revenue Integrity—are necessary for their current workflow and verify how the platform supports their existing patient records systems.

Key Features

AI-Driven Tools

Automation tools designed to help health systems make financial decisions.

Real Time Payer Transparency

Supports a real time connection between payers and providers to support administrative efficiency.

Medical Claims Management

Tools for managing reimbursements and supporting claims accuracy to help minimize denials.

Patient Access and Payments

Solutions for managing patient engagement and electronic cashiering for patient financial obligations.

Revenue Integrity Tools

Technology and staffing support designed to support the middle revenue cycle and reimbursement compliance.

Ambulatory Revenue Technology

Automated revenue performance solutions for ambulatory settings to support cash flow and workflows.

Use Cases

Medical Claims and Reimbursement

Using the platform to identify claim errors and manage the reimbursement process to help reduce denials.

Patient Financial Engagement

Implementing e-cashiering and patient access tools to support the collection of patient payments.

Middle Revenue Cycle Optimization

Applying coding software and revenue integrity tools to support compliance and accuracy in the middle of the billing cycle.

Payer-Provider Communication

Utilizing real time connections to support transparency when coordinating with payers.

Best For

Health systemsHospitalsHealthcare providers

Pricing

Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.

FAQ

Who is Optum's RCM software designed for?

It is designed for healthcare providers, including health systems and hospitals.

What business problems does Optum help address?

It is designed to help reduce claim denials, support reimbursement accuracy, and manage the healthcare revenue cycle.

How does Optum handle patient payments?

The platform provides patient access and e-cashiering solutions to support revenue performance and patient satisfaction.

What is the pricing for Optum?

Pricing was not clearly available from the provided evidence. Buyers should confirm current pricing on the vendor website.

Source category: Healthcare

Source subcategory: Billing & Invoicing

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