Major enhancement provides the capability to identify and manage monthly accruals and recognition of risk-based revenue
Irvine, CA – December 27, 2018 – Dynamic Healthcare Systems, a leading provider of comprehensive solutions to health plans and health systems participating in Medicare Advantage, Managed Medicaid, and Marketplace programs, is proud to announce a major enhancement to their Revenue Recognition module to allow health plans to identify, plan, and manage the monthly recognition and reconciliation of their risk-based revenue. This enhanced feature provides a health plan the ability to reconcile their risk revenue by creating an internal member detail view of the plan’s revenue and compare it against the member information received from CMS. This gives finance managers the ability to easily view and plan when and how that revenue will be “earned” and recognized. Health plans can now summarize the status for automated journal entries, take advantage of a member-level reconciliation user interface with both pre and post – sweeps internal risk score vs. payment risk score, and automate reconciliations of CMS final settlements to health plan financials.
Dynamic’s robust Medicare Advantage suite of integrated solutions provide health plans and health systems with an enterprise-wide platform that enables a strong risk adjustment strategy ensuring maximum and accurate risk-adjusted payments. Dynamic’s integrated software solutions are designed to ensure health plans and health systems meet the complex compliance and data processing requirements that the Centers for Medicare and Medicaid Services (CMS) establishes, monitors, and enforces. Dynamic’s solutions integrate various sources of health plan and provider data to create a single view of a Plan’s membership. This single view facilitates the delivery of high-quality managed care while helping health plans meet compliance and revenue management challenges.
About Dynamic Healthcare Systems
Dynamic Healthcare Systems provides comprehensive solutions to health plans and health systems participating in Medicare Advantage, Managed Medicaid, and Marketplace programs. Dynamic’s solutions help its clients optimize plan revenue and quality through the utilization of Dynamic’s rich analytics that identify areas for potential improvement, help maintain compliance through ongoing enhancements aligned with CMS regulations, and enhance operational efficiency through fully integrated solution utilizing a centralized database and integrated workflows. Headquartered in Irvine, California, the company offers comprehensive software solutions, managed services, and professional services. For more information, visit dynamichealthsys.com or call 949.333.4565.