Case Study: Madison Regional Health System achieves financial excellence with Eide Bailly

Madison Regional Health System improves Medicare settlement visibility with Eide Bailly's monthly model

Madison Regional Health System, a critical access hospital in South Dakota, faced the complex challenge of operating smarter and more efficiently to serve its rural community. To achieve its financial excellence goals, it called on the vendor Eide Bailly for assistance with financial feasibility studies, chargemaster reviews, billing and coding reviews, and Medicare cost report assistance.

Eide Bailly implemented a customized financial model for monthly Medicare estimation and conducted regular chargemaster reviews. This solution provided the customer with better financial visibility, increased opportunities for reimbursement, and continual compliance. The partnership helped Madison Regional Health System stabilize its audit entries, optimize reimbursements, and ultimately maintain its independent status, which was vital for serving its community.

Madison Regional Health System