Third-Party Revenue Cycle Expertise Reduces Healthcare Costs, Tightens Processes

Healthcare executives are looking for assistance in maximizing income and improving efficiency

2012-12-06

OREM, UT, December 06, 2012 (Press-News.org) Pressures to meet meaningful use (MU) requirements and cut costs are driving growth in revenue cycle services (RCS) throughout the country according to the recent KLAS report, Revenue Cycle Services: Which Firms Deliver Big Returns? ICD-10 preparation and reduced reimbursements have also added to demand for outside revenue cycle assistance to improve cash collections, reduce A/R days, and deal with legacy claims.

"Providers are looking at every process in their revenue cycle," said Mike Smith, VP of professional services research at KLAS. "Many are turning to third-party firms for extra help with everything from temporary project-based work to continual assistance with ongoing A/R follow-up or even full outsourcing of their revenue cycle department."

This report discusses three primary sources for addressing providers' revenue cycle struggles, which are:
- Engaging with extended business office services (EBOS) firms for self-pay, private and government insurance, workers' compensation, legacy A/R, and financial clearance and counseling
- Contracting with revenue cycle outsourcing (RCO) firms for providers seeking full-scale outsourcing
- Working with revenue cycle transformation (RCT) firms for providers seeking leadership and direction in improving processes and reassessing

The following firms are included in this report: Accretive, Anthelio, Apollo Health Street, Cymetrix, Deloitte Consulting, Dell Services, FirstSource, Huron Consulting, MedAssets, PwC, and Xerox. Parallon and Conifer are also discussed for RCO. Those leading the pack in extended business office include Deloitte Consulting, PwC (government insurance), and Cymetrix (private insurance, self-pay, service to patients). In revenue cycle transformation, Huron edges out PwC for the top score.

About KLAS
KLAS is a research firm on a global mission to improve healthcare delivery by enabling providers to be heard and to be counted. Working with thousands of healthcare executives and clinicians, KLAS gathers data on software, services, medical equipment, and infrastructure systems to deliver timely reports, trends, and statistical overviews. The research directly represents the provider voice and acts as a catalyst for improving vendor performance. KLAS was founded in 1996, and their staff and advisory board average 25 years of healthcare information technology experience. For more information, go to www.KLASresearch.com, email marketing@KLASresearch.com, or call 1-800-920-4109 to speak with a KLAS representative. Follow KLAS on Twitter @KLASresearch.

ELSE PRESS RELEASES FROM THIS DATE:

Harley Marine Services of Seattle, Harvey Gulf International Marine of New Orleans and Port of Seattle Win Top Honors at WorkBoat Environmental Awards During International WorkBoat Show

2012-12-06

Harley Marine Services of Seattle, Harvey Gulf International Marine and the Port of Seattle took top honors during the 2012 WorkBoat Environmental Award ceremonies at the 33rd International WorkBoat Show, North America's largest commercial marine trade show and conference. "The quality of these applications was amazing and each of the winners had a compelling story to tell about innovative environmental management practices," commented Bruce Buls, WorkBoat magazine technical editor and one of the award judges. Harley Marine won a Comprehensive Environmental ...

Lucas Bols Launches 7th Annual Bols Around the World Bartending Championship

2012-12-06

Lucas Bols today announces the launch of the seventh annual Bols Around the World competition, the prestigious bartending world championship that seeks to find the world's most talented and inspiring bartender. Contenders are invited to compete in three heats over six months for one of 20 spots in the semi-finals which will take place in Amsterdam on May 6, 2013 and 12 spots at the Grand Final, also held in Amsterdam, on May 7, 2013. The contest, which has the widest reach of all major global bartending competitions, goes live on December 1. Participating bartenders ...

Marvin Rowe Comments on International IPO Slowdown

2012-12-06

While many Americans look for signs of slow, tentative progress toward economic recovery, there is new evidence to suggest that the global economic slowdown is still in full effect, and that it may even continue into 2013. Bloomberg reports that, last quarter, initial public offerings around the globe dropped to their second-lowest levels since the financial crisis first hit, a sign of continued stagnation that is likely to extend at least into the early part of next year. The Bloomberg report caught the attention of Marvin Rowe, an investment banking professional living ...

PaySimple Named Red Herring Global Top 100 Winner

2012-12-06

PaySimple, the leading provider of cloud-based automated payments and receivables solutions for small businesses, announced today that it was selected as a Red Herring Top 100 Global company, which recognizes the leading private technology companies from North America, Europe, and Asia. Red Herring's Top 100 Global list has become a mark of distinction for identifying promising companies and entrepreneurs. Since 1999, Red Herring has been evaluating applicants with a rigorous three step process using 20 specific criteria to determine worthy candidates for the annual ...

Page 124 Productions, in Association With FilmBuff, Announces BILL W., the New and Revealing Documentary About Bill Wilson, Co-Founder of Alcoholics Anonymous, is Now Available for Purchase on DVD

2012-12-06

Just in time for the holiday gift-giving season, Bill W., the poignant and informative portrait of the man who helped millions recover from the ravages of alcoholism, is now available on DVD and can be purchased by visiting billw.com/store. During a highly successful six-month theatrical release, Bill W. has filled theaters in the U.S. and Canada as the word-of-mouth enthusiasm and social media excitement spread the news of each new opening. Additional showings in select Landmark and Regal theaters across the country have made this film one of the top-grossing documentaries ...

Curvalicious Workout Program Included in Latin Grammy's Celebrity Gift Bag

2012-12-06

Further cementing her status as an internationally recognized fitness enthusiast, Flavia Del Monte, has had her latest women's workout program selected to appear along side industry powerhouses such as L'Oreal and John Paul in the 2012 Latin Grammy Celebrity gift bag. These gift bags are presented to celebrities and nominees in appreciation of their efforts. Flavia Del Monte's newest women's workout and nutrition program, Curvalicious, is the first to target metabolic fat loss while increasing both Myogenic and Neurogenic muscle tone. Myogenic muscle tone is the residual ...

CCF Maui Construction Inc. Wins Consecutive Talk of the Town Awards for Customer Satisfaction

2012-12-06

Achieving the highest rating of 5 stars two years in a row for providing excellent customer service, CCF Maui Construction Inc. has won a second straight CMUS Talk of the Town Customer Satisfaction Award in the Contractors -- Home Builders, Remodelers and Cabinet Makers category. The Talk of the Town Awards, presented by Talk of the Town News, Customer Care News magazine and Celebration Media U.S. (CMUS), honor companies and professionals that provide excellent customer service as reported by their customers through no-cost, user-review websites, blogs, social networks, ...

Evansville Dentist Offers Online New Patient Services

2012-12-06

Dr. John Gernetzke, dentist in Evansville, is excited to be offering a new patient page as a part of his practice's comprehensive dental website. He hopes the information on the page will help new patients learn about and locate his Evansville practice. "I am very glad that we are able to provide a new patient page on our practice's website. I believe that we offer a very high level of service at our practice and that any new patients will be very satisfied with their experience here. I look forward to treating any new patients that decide to come in for an appointment ...

Erie Dentist Uses Social Media to Reach Out to Patients Online

2012-12-06

Dr. Shawn Casella, Erie dentist, and his associates are excited to be utilizing social media to improve their online communication with their patients. The practice is now maintaining a Facebook page, Twitter account and a practice blog. "I am happy that we are able to use social media to talk with our patients online. I know that many of our patients use these services on a daily basis and I am glad that our practice is now a part of that. I encourage all of our patients to 'like' our practice and follow our Twitter account," said Dr. Casella, Erie family ...

Peoria Dentist Offers Online Appointment Scheduling

2012-12-06

Dr. Yati Yadav, dentist in Peoria, is making it simple for his patients to schedule appointments online at his practice by providing an easy to use appointment request form on his website. By using this service, patients are able to schedule an appointment with Dr. Yadav without having to pick up the phone. "I am glad that our practice is providing this service. We always strive to make our practice as patient-friendly as possible and this is a great example of that. I hope that many of our patients will use this tool to request appointments at our practice online," ...

Cultivating global engagement in bioengineering education to train students skills in biomedical device design and innovation

Black, Hispanic, and American Indian adolescents likelier than white adolescents to be tested for drugs, alcohol at pediatric trauma centers

Pterosaurs needed feet on the ground to become giants

Scientists uncover auditory “sixth sense” in geckos

Almost half of persons who inject drugs (PWID) with endocarditis will die within five years; women are disproportionately affected

Unleashing the power of generative AI on smart collaborative innovation network platform to empower research and technology innovation

[Press-News.org] Third-Party Revenue Cycle Expertise Reduces Healthcare Costs, Tightens Processes
Healthcare executives are looking for assistance in maximizing income and improving efficiency

Third-Party Revenue Cycle Expertise Reduces Healthcare Costs, Tightens Processes

ELSE PRESS RELEASES FROM THIS DATE:

LAST 30 PRESS RELEASES: