Strategic Advantages of Adopting Purpose-Built Software for Enterprise NDIS Providers

Lumary
Friday, 01 March, 2024


Strategic Advantages of Adopting Purpose-Built Software for Enterprise NDIS Providers

In the dynamic healthcare landscape, leaders face the pivotal decision of choosing between custom-built digital systems and investing in pre-designed, purpose-built care management software solutions. For enterprise disability providers, this decision is critical. The choice significantly influences operational efficiency, scalability, and compliance. Lumary emerges as a leader in this space, offering a solution that aligns with the strategic needs of high-performing organisations.

Transformative Impact: Reduce Organisational Downtime

For CEOs and key decision makers, the appeal of a purpose-built software solution like Lumary lies in its immediate impact on operational efficiency and cost savings. Custom software development, while offering bespoke solutions, requires substantial upfront investment and extended timelines. In contrast, Lumary’s purpose-built solution offers a strategic pathway to accelerating digital transformation with minimal disruption, ensuring that financial and human resources are optimised for core healthcare delivery and innovation.

Lumary’s VP of Strategic Growth, Jason Collins, shares “Increasingly disability providers opt for pre-existing platforms over bespoke solutions to minimise downtime and disruption. It’s about enabling your organisation to operate seamlessly while reaping the organisational benefits much faster.”

Lumary distinguishes itself by providing not just an NDIS software solution for providers, but a partnership in innovation and compliance. The ongoing expert maintenance, professional consultation and access to the latest technological advancements enable organisations to stay ahead of regulatory changes and industry standards whilst in the time scaling operations. Most enterprise healthcare providers seek to reduce the financial weight of administrative tasks, especially in highly commoditized markets such as delivering NDIS services.

Lumary’s NDIA Integration Module exemplifies its commitment to reducing system swivel and the inefficiency of double-data handling, to ultimately enhance operationally — as a result, directly managing NDIS compliance requirements and impacting organisational bottom-line to improve financial performance.

The Differentiator: Business Insights

Thinking of how to best reduce claim errors and improve financial savings across your business? Seeking how best to differentiate yourself in an evolving NDIS market? With Lumary, our enterprise healthcare providers not only receive expert-led and professional consultation, which underscores the transformative potential of having the right technology partnership, but the secure, robust technology and intelligence of the product infrastructure help organisations to operate, optimise, and differentiate at scale.

Lumary’s NDIA Integration Module (the NDIA Module) not only differentiates disability organisations operationally but has a notable impact on the entire NDIA claiming process for enterprise and multi-location NDIS providers.

When surveyed, Lumary enterprise customers found a 60% reduction in NDIA claim errors within the first 6 months of the NDIA Module adoption. This not only translates to a substantial financial improvement but also signifies a significant decrease in the stress associated with hidden costs and the exhaustive efforts required to address unsuccessful and contested claims.

The frustration of encountering claim errors can be an exhaustive burden on any NDIS provider. These errors come at a high cost to organisations, and the more frequently they occur, the more the cost compounds. “We’ve frequently seen customers reporting error rates anywhere from 2% to 17% with NDIA claims. This adds significant financial strain on any organisation,” says Lumary’s VP of Strategic Growth, Jason Collins. “As an example, an organisation claiming $2 million per annum from the NDIA might find themselves investing valuable resources chasing after $340,000 per year. Despite the dedicated efforts of finance teams, numerous failed claims often result in hours of exhaustive investigations, follow-ups, and reclaim attempts. The hidden costs associated with these recovery efforts can be both crippling and immensely frustrating,” continues Collins.

Enabling data synchronisation between the NDIA (Proda & PACE), Lumary’s enterprise care management software and its NDIA Module make for a much smoother and cost-efficient pathway when claiming NDIS funds. A staggering 80% of Lumary enterprise customers use the NDIA Module, reflecting the strategic value Lumary brings to healthcare organisations, emphasising the importance of business efficiency, financial performance, and a reduction in administrative strain.

The business scoop — for a real transformative impact, address the bottom line by solving inefficient claiming through purpose-built, compliant software.

The Lumary Strategic Advantage

Choosing an end-to-end care management software solution like Lumary is a strategic decision that extends beyond immediate cost and time savings alone. It represents an investment in the future of care delivery, enabling organisations to leverage technology for sustainable growth, enhanced client care, and improved financial outcomes. Lumary stands as a strategic partner for healthcare leaders, ready to navigate the complexities of the NDIS and disability sector together.

For enterprise disability providers seeking to transition and scale operationally, Lumary offers a compelling proposition. With Lumary’s focus on investing in purpose-built software solutions, rest assured as your tech partner we’ll help you address immediate challenges of operational inefficiency and non-compliance but also position your organisation for strategic success in a competitive landscape.

Connect with the team to explore the strategic benefits of partnering with Lumary and learn how through professional consultation and innovative technology you can transform your organisation’s trajectory.

For more information: www.lumary.com

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