Health Vectors - Model RevMaxx - Healthcare Analytics for Revenue Maximization

For Businesses

• Engage patients better with real-time data insights
• Use data insights to identify candidates for follow-up and additional tests
• Use data insights to identify candidates for specialist visits, procedures and hospitalizations
• Use data insights for targeted marketing
• Understand health of your patient population and design your marketing campaign accordingly.

• RevMaxx Indices are real-time data-driven insights provided by Health Vectors to Diagnostic Labs & Hospitals that would aid them in positively affecting their future revenues and patient engagement.
• RevMaxx Index is a combination of not only the possible revenues from the suggested tests but also the probability of the individual getting those tests done.
• RevMaxx Index is created for each patient/subject and is a number between 0 and 100. A RevMaxx Index of 0 indicates a poor revenue potential and a RevMaxx Index of 100 indicates a high revenue potential.
• These indices aid in positively affecting their future revenues and patient engagement. Each Lab/Hospital will have a RevMaxx score for each individual customer engaging with the Lab/Hospital.

RevMaxx Index for an individual typically includes the following elements

• Revenue expected from the recommended Follow up & Additional tests
• Revenue expected from doctor’s visits and various medical procedures
• Did doctor recommend this Lab/Hospital to the subject?
• Star Ratings given by the subject to the Lab/Hospital
• Distance of the lab from the subject’s home
• Frequency of subject’s visits to the Lab/Hospital

At the end of each visit a RevMaxx Index is generated for each individual which indicates their revenue potential during a future visit. This index also has a built-in probability for that future visit. Based on the RevMaxx Indices, hospitals and diagnostic labs can provide different incentives and promotions to increase their top line and bottom line.