PARAS is a comprehensive and integrated system that helps hospitals better manage their revenue cycle and stop revenue leakages. It improves billing information and demographics to improve patient data quality. PARAS also handles discount approvals, professional fee sharing to doctors, and service tariffs to ensure effective management of financial risks. Additionally, PARAS can track billing leakages, financial accounting, and transactions to stop malpractices and pilferages.

1. PARAS enables to make hospital operations simple.
With the rapid growth in healthcare sector, hospitals are in cut throat
competitions to give better patient care and expand their hospitals across the
world. With some of the goals and missions to achieve, hospitals are taking
giant strides to achieve them and succeed to reach new milestones. One of
the important factors hospitals should focus on is its revenue cycle.
With its expansion every hospital face the major challenge of revenue
leakages. PARAS with its comprehensive and integrated system enables
better control of revenue management.
In order to improve the quality of patient data, PARAS has enabled
improved billing information and demographics that can stop the revenue
leakages. Besides various functioning areas like Discount approvals,
Professional fee sharing to the doctors and service tariffs are well handled by
PARAS to ensure effective management of financial risks. PARAS also
helps hospital in recovery of debts from the corporate, TPA or insurance.
PARAS has its own configuration abilities and parameter driven functions
that automatically enable and picks up the respective service charges and
reduces manual intervention. Hence PARAS is a unique solution that is
more of process driven than user discretion.
Lastly, PARAS stops and tracks all malpractices and pilferages by tracking
billing leakages, financial accounting and transactions
Hence PARAS stands high in delivering quality care and strengthening the
performance in patient registration and revenue collection.