|By Business Wire||
|May 15, 2014 02:14 PM EDT||
Sales of Availity’s revenue cycle management solutions increased by 30% in new physician customers, with revenue bookings growth of nearly 60% as compared to the first quarter last year. The strong growth was bolstered by the demand for tools to help physicians manage revenue cycle changes related to government mandates, and by the market shift to value-based payment models. Even with the recent ICD-10 delay, Availity sees this trend continuing.
Also contributing to the company’s growth were Availity’s Advanced Clearinghouse service, adding more than 4,000 new physician organizations in the first quarter, and the Availity Web Portal which added nearly 42,000 provider organizations across the Country. By the end of 2014, Availity will have expanded its market reach to serve as the designated provider of physician web portal services for 26 Blue Cross and Blue Shield plans nationwide.
“The growth in demand we’re seeing is a byproduct of large-scale shifts in the health care payment landscape,” said Kathleen Hertzog, vice president of marketing and communications for Availity. “Physicians operating within value-based payment models need tools that can automate and provide insight to new — and often quite complex — claims and payment processes. Add in increased patient payment responsibility as a consequence of high deductible plan growth and exchange membership, and that spurs a lot of forward-thinking providers and health plans to evaluate clearinghouse and revenue cycle management tools in a new light. Many vendors can’t meet these new demands, so people are in the market for affordable, flexible solutions that can be integrated into their existing systems and workflows. That’s where Availity shines.”
The company’s client base was further strengthened by the addition of several large billing services, a market segment that continues to grow as a result of Availity’s capabilities for centralizing and streamlining billing operations. Availity also brought on new hospital system clients that typify a common problem among recently integrated delivery networks: how to leverage a single revenue cycle management solution for enterprise hospital and professional practices.
Having already realized significant value from Availity’s Revenue Cycle Management product for professional practices, Deaconess Health System (Evansville, Ind.) selected Availity to provide similar services for its centralized billing office and hospitals, as has SwedishAmerican Health System (Rockford, Ill.). Both systems have grown organically and by integration with regional physicians’ groups. Both are currently implementing Availity in multiple locations; Deaconess on an Epic base, and SwedishAmerican on a Meditech platform.
“Hospitals find that Availity’s solutions effectively address problems specific to the revenue cycle phases of hospitals with integrated physician practices, reducing the need – and cost – to implement and manage disparate solutions,” said Jeff Chester, Availity’s senior vice president and chief revenue officer.
Company forecasts are for an equally strong second quarter of this calendar year.
”We define our mission quite simply to be the trusted intermediary between physicians and health plans,” said Russ Thomas, Availity CEO. “By relentlessly focusing on this mission in the delivery of products and services across our client base, we know Availity is daily relevant in helping our customers improve their business health.”
Availity delivers revenue cycle and related business solutions for health care professionals who want to build healthy, thriving organizations. Availity has the powerful tools, actionable insights and expansive network reach that medical businesses need to get an edge in an industry constantly redefined by change. For more information, including an online demonstration, please visit www.availity.com or call 1.800.AVAILITY (282.4548).
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
Apr. 26, 2017 12:00 AM EDT Reads: 570
Grape Up is a software company, specialized in cloud native application development and professional services related to Cloud Foundry PaaS. With five expert teams that operate in various sectors of the market across the USA and Europe, we work with a variety of customers from emerging startups to Fortune 1000 companies.
Apr. 25, 2017 11:15 PM EDT Reads: 2,286
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
Apr. 25, 2017 11:00 PM EDT Reads: 2,329
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
Apr. 25, 2017 11:00 PM EDT Reads: 2,173
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
Apr. 25, 2017 11:00 PM EDT Reads: 422
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm.
Apr. 25, 2017 10:30 PM EDT Reads: 591
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
Apr. 25, 2017 10:30 PM EDT Reads: 7,118
SYS-CON Events announced today that Interoute, owner-operator of one of Europe's largest networks and a global cloud services platform, has been named “Bronze Sponsor” of SYS-CON's 20th Cloud Expo, which will take place on June 6-8, 2017 at the Javits Center in New York, New York. Interoute is the owner-operator of one of Europe's largest networks and a global cloud services platform which encompasses 12 data centers, 14 virtual data centers and 31 colocation centers, with connections to 195 add...
Apr. 25, 2017 10:30 PM EDT Reads: 1,850
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Apr. 25, 2017 10:15 PM EDT Reads: 1,281
SYS-CON Events announced today that Juniper Networks (NYSE: JNPR), an industry leader in automated, scalable and secure networks, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Juniper Networks challenges the status quo with products, solutions and services that transform the economics of networking. The company co-innovates with customers and partners to deliver automated, scalable and secure network...
Apr. 25, 2017 10:15 PM EDT Reads: 1,172
Apr. 25, 2017 10:00 PM EDT Reads: 3,697
In his keynote at @ThingsExpo, Chris Matthieu, Director of IoT Engineering at Citrix and co-founder and CTO of Octoblu, focused on building an IoT platform and company. He provided a behind-the-scenes look at Octoblu’s platform, business, and pivots along the way (including the Citrix acquisition of Octoblu).
Apr. 25, 2017 09:45 PM EDT Reads: 1,254
Cloud Expo, Inc. has announced today that Aruna Ravichandran, vice president of DevOps Product and Solutions Marketing at CA Technologies, has been named co-conference chair of DevOps at Cloud Expo 2017. The @DevOpsSummit at Cloud Expo New York will take place on June 6-8, 2017, at the Javits Center in New York City, New York, and @DevOpsSummit at Cloud Expo Silicon Valley will take place Oct. 31-Nov. 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Apr. 25, 2017 08:30 PM EDT Reads: 2,494
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
Apr. 25, 2017 08:15 PM EDT Reads: 503
Translating agile methodology into real-world best practices within the modern software factory has driven widespread DevOps adoption, yet much work remains to expand workflows and tooling across the enterprise. As models evolve from pockets of experimentation into wholescale organizational reinvention, practitioners find themselves challenged to incorporate the culture and architecture necessary to support DevOps at scale. In his session at @DevOpsSummit at 20th Cloud Expo, Anand Akela, Senior...
Apr. 25, 2017 07:45 PM EDT Reads: 1,755