A resident of La Grange Park, Illinois, financial reporting and analysis professional Matthew Sapienza holds key responsibilities in planning, compliance, financial monitoring and operational improvement, and communication in his position at Loyola University Medical Center as regional director of financial planning and analytics. As a financial analyst, La Grange Park’s Matthew Sapienza is focused on various financial topics related to his job, such as financial operations, strategic planning, analytics, cost accounting, and revenue cycle.
In their pursuit to improve patient access and enhance patient financial experience, health systems are looking at automation as an immediate solution. A survey conducted by the Healthcare Information and Management Systems Society (HIMMS) in 2016 revealed that over 30 percent of health care systems are still reliant on manual processes to manage key claims workflows. By automating the revenue cycle, providers can save as much as $8.5 billion per year, according to the Council for Affordable Quality Healthcare.
In addition to the financial impact of automating the revenue cycle, other benefits would include significant reduction in administrative chores for health care professionals, streamlined workflows in the revenue cycle, and a notable reduction in human errors.
Matthew Sapienza 