Exela Helps Leading Benefits Administrator Optimize In-house Print and Mail Operations for Huge Savings

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Banking & Financial
Features & Benefits
CHALLENGE:

A leading Benefits Administrator was struggling to maintain its in-house print and mail operations—suffering from high overhead costs and low productivity. The company was incurring unnecessary costs to maintain three facilities in North America, with wasted square footage and an under-utilization of equipment. It was experiencing a high volume of inventory (over 5,000 individual items) because it lacked any integrated printing capabilities, as well as a digital inventory management system. Its infrastructure did not support automation—workers had to manually accommodate highly customized jobs for each client, which required additional print runs and picking and matching inventory for kit fulfillment. There was also no inherent Disaster Recovery/Business Continuity solution. This meant that materials had to be physically shipped from one location to the other, which resulted in a 2-day delay. Fragmented, manual-based workflows (kit fulfillment) led to low productivity across sites, and slower print and fulfillment turnaround. Finally, production operations were not being leveraged for additional lines of business.

SOLUTION:

To address these challenges, Exela absorbed all of the company’s inbound processing and outbound print and mail operations, which included: production, fulfillment, return mail management, postal optimization, supply chain inventory optimization, and customer communications management. For starters, all operations were migrated over to Exela’s Mega Center and production facilities. This relieved the company of excessive overhead costs for real estate, security, technology and infrastructure. The implementation was rolled out over the course of a year to accommodate the transfer of hundreds of individual jobs, while User Acceptance testing took place at one of the facilities before any job went live. To help streamline, standardize, and unify operations; Exela rebadged more than two hundred workers. Formerly manual processes, such as customized print and fulfillment activities, were automated. Exela was also able to leverage its wide-reaching supplier network to secure the most competitive rates and drive economies of scale.

BENEFITS:
  • Reduced total spend by 20%; savings anticipated to increase year-over-year via value reengineering
  • Provided a scalable solution that meets sudden demand spikes and future growth
  • Optimized operations by creating fluid workflows; eliminating under-utilized real estate and resources; and integrating automation
  • Eliminated the need to make capital investments
  • Drove economies of scale by utilizing Exela’s supplier ecosystem of $1B in procurement spend
  • Mitigated risk through highly trained employees, detailed process documentation, and proven business continuity plans
  • Eliminated management of the hourly workforce
  • Introduced new color, onsert printing capabilities to reduce time, inventory volumes, and manual resources
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Industry Solutions

Hospital Needs AHIMA Credentialed Coding Services

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One of Georgia’s largest healthcare systems outsourced coding to improve output and reduce costs.

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Healthcare
Features & Benefits
CHALLENGE:

A large Georgia hospital system was struggling to hire and retain enough qualified coders to keep up with demand and maintain an acceptable level of unbilled accounts. Hospital administration was looking to reduce HIM costs, including training, IT, and headcount. Coding operations were to eventually be moved offsite, but the transition needed to be incremental to ensure service continuity.

SOLUTION:

<p>LexiCode, an Exela brand, began the engagement by employing fully credentialed coders onsite at the main hospital. During this time an operational assessment was performed covering work volume, policies and procedures, production standards, and staffing plans. Coding services then began to be migrated offsite to LexiCode’s Remote Coding Center. Coding operations at all three hospitals in the network were transitioned shortly thereafter.</p>

BENEFITS:
  • Unbilled accounts reduced from ~$14M per week to $2-3M

  • 48-hour turnaround time

  • Coding support 7 days per week

  • Improved coding quality (verified by external audit)

  • Reduced cost and staffing demands

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Industry Solutions

Why You Need to Know LexiCode

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Telecommunications
Blog Content

In a slightly different twist on our #MeetTheTeam posts, today we’re presenting LexiCode, an Exela Technologies brand providing innovative Health Information Management (HIM) solutions to improve coding quality, minimize compliance risk, and drive reimbursement for our customers. Before joining the Exela Technologies family of brands, LexiCode already had more than three decades of experience enhancing coding operations in all healthcare provider environments. Under Exela’s brand umbrella, LexiCode has the additional leverage of Exela’s innovative solutions and global footprint to rapidly launch new services and optimize existing services.

“Sweets for the suite”

In late September, LexiCode made quite an impact on the AHIMA 2019 Conference in Chicago. AHIMA (American Health Information Management Association) is a leading resource for HIM education and accreditation, professional credentialing, policy-making and issue advocacy. Its annual conference is known as the “premier health data and information event for education and networking” and is always a great place for HIM professionals to learn about the latest trends in the healthcare information space. This year, LexiCode hosted a colorful and delicious “Sweet Solutions” booth—a pop-up “sweet-shoppe” filled with candy and other sweets that turned out to be the place to gather for satisfyingly edifying chat on all things “coding”—earning LexiCode many accolades, including this year’s 2019 Loyalty Appreciation Award.

Why coding requires “critical care”

Success in the healthcare space hinges on comprehensive and accurate coding. Unfortunately, the challenges to effective coding are many, including staffing shortages, inadequate training, and human error. Coding issues cost healthcare providers millions of dollars annually.

LexiCode resuscitates healthcare coding

LexiCode provides coding services and staffing to meet the challenges healthcare coding presents. To ensure that your facility is coding accurately, LexiCode can assist with in-depth analysis and modeling to determine risks and accuracy in coding as well as help your team implement corrective actions. Thousands of providers turn to LexiCode to ensure revenue accountability, coding accuracy, and a proactive approach to staffing. LexiCode’s solutions can be structured as temporary, long-term, or as-needed and address all records types and payment methodologies.

Got questions about LexiCode? Here are some frequently asked questions. Curious about how LexiCode has proven to be a game-changer in the healthcare space? Look no further than the results this hospital enjoyed as a result of partnering with LexiCode.

Author Name
Lauren Cahn
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Industry Solutions
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