Hi-Arc

Your microscope into net revenue and accounts receivable.

How much time does your staff spend each month on error-prone, time-consuming spreadsheet processes to calculate your facility’s net revenue and net accounts receivable journal entries, bad debt, contractual allowances, and charity balances? Decades after most hospitals and physician practices implemented electronic billing and collections, determining these net financial entries and calculating bad debt are still time-consuming, error-prone, manual processes. That’s why Weaver developed Hi-Arc, a cloud-based tool that calculates this data in minutes.

Designed specifically for hospitals, acute-care facilities and physician practices, Hi-Arc saves you hours of work every month and lets you peer under the skin of your financial reports to see inside rejected claims, bad debt and contractual allowances.

Hi-Arc logo

Using data you already compile, Hi-Arc automates time-consuming tasks and improves financial transparency.

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Why use Hi-Arc?

Uses data you already compile — no extra data entry required
Cuts hours off your month-end close
Eliminates manual journal entry calculations, producing faster results, reducing errors and improving visibility into the data
Offers a more accurate and realistic picture of net revenue and net accounts receivable
Allows you to drill down and identify the reasons for rejected charges
Enables you to analyze bad debt more quickly, so you can identify and solve problems sooner
Empowers you to negotiate better payer contracts, armed with better, more current data

Hi-Arc saves you time and expense by turning a cumbersome, lengthy, spreadsheet-driven process into a few clicks. In addition to producing detailed results that let you drill down and see why charges are being rejected, this new system produces a dashboard with both current data and historical trends.

Infographic explaining how Hi-Arc can save you time while producing detailed results

What does Hi-Arc do?

Provides a dashboard of current data and historical trends
Automates current calculations for bad debt and contractual allowance, producing net revenue and accounts-receivable data
Provides greater visibility into the source of the calculations using data visualizations
Enhances the granularity of calculations, which reduces your volatility risk from accrual calculations
Improves accuracy and repeatability of calculations
Prepares actual journal entry values with a single click
Validates A/R estimates and provides data your auditors can use to make the year-end financial audit easier and faster

Hi-Arc is not just another piece of revenue cycle software. Hi-Arc is an automation tool that saves you time during month-end close and offers your team a more accurate, realistic, real-time picture of net revenue and accounts receivable. It may also assist with cash flow and revenue cycle management, but those are secondary benefits. Instead, Hi-Arc is laser-focused on automating calculations required for your month-end close.

Why Weaver?

Your data is safe with us.

As a CPA firm, Weaver understands the importance of keeping sensitive data locked up tight. We have built multi-layered protection to protect our clients’ data as well as our own, and our cybersecurity team works hard to stay ahead of the curve on changing threats.

No PII is required to perform the calculations so sensitive data never leaves your organization
Hosted in Azure
Audit logging of all transactional activity with your data

Hi-Arc uses aggregated payer data based on encounter, so it never accesses PHI. We even include a PHI analysis as part of the tool to make sure your patient data remains protected and you stay HIPAA-compliant.

See it in action.

Are you ready to save hours, even days, of work each month and get a more accurate picture of net revenue and A/R? In 10 minutes, we can show you how it works. Weaver offers a brief online demonstration to illustrate how easy Hi-Arc is to use and how powerful it can be. Click here to schedule a free demo.

Screenshot of the Hi-Arc dashboard