BlueLyte Solutions
Year founded: 2002
Top executive: Dan Heisel Jr., CEO
Website: bluelyte.com
Describe your software. Arcasis is a web-based portal that is accessible 24 hours a day by our health care provider clients and their revenue cycle support vendor partners.
What are the benefits for the customer? R FTE savings: Typically our clients dedicate a minimum of three to five full-time equivalents to accomplish a fraction of what Arcasis can accomplish.
- Vendor improvement: Arcasis intensifies vendor engagement, which leads to performance increases in the 10% to 15% range.
- Invoice audits: We often discover significant error rates in invoicing.
- Process improvement: Arcasis provides powerful analytics tools to the clients revenue cycle staff to uncover missed opportunities and move significant cash upstream so it can be collected sooner at a lesser fee.
What's the potential market size for the product? BlueLyte Solutions current client based consists of over 250 hospitals located in 26 states. There are currently approximately 6,140 hospitals in the United States. Health Systems, or Integrated Delivery Networks (IDN’S), are a key component of care delivery in the US. These entities bring together distinct healthcare facilities under one management system- coordinating patient care and retaining revenue. Currently there are more than 1030 IDN’s in the US.
