|By Business Wire||
|June 23, 2014 11:13 AM EDT||
As the healthcare industry’s financial management executives and solution providers gather in Las Vegas this week for the year’s seminal event, ANI: The 2014 HFMA National Institute, RelayHealth Financial initiates a new dialogue about today’s complex healthcare reimbursement environment.
“We can’t keep doing the same things over and over again, and expect different outcomes,” commented Dave Mason, senior vice president and general manager, RelayHealth Financial. “The healthcare market is much different than it was just a year ago – and presents new business challenges. Revenue Cycle 2.0 is about using RelayHealth data assets in new and innovative ways. It’s about advancing dialogues with patients and payers, enabling data-driven decisions, boosting staff efficiency and – most importantly – forging initiatives that help streamline and simplify reimbursement for years to come.”
At ANI this week, RelayHealth will showcase its expanded suite of end-to-end revenue cycle management solutions, with a focus on how those tools help solve some of the critical business issues faced by hospitals and health systems.
Product Updates Help Providers Capitalize on Data
Underscoring its commitment to driving intelligence into revenue cycle management using analytics, RelayHealth is introducing critical enhancements to its portfolio, including:
RelayAssurance™ 5.0 now leverages analysis of 2.3 billion financial transactions and connectivity with 1,900 payers to provide enhanced lifecycle visibility and predictive intelligence in the claims process. Early knowledge of claims headed for trouble and just-in-time workflow help providers to focus only on claims that need attention. These additions enable more efficient claims follow-up, support integrated denial management and foster greater provider-payer collaboration by saving time for all parties.
RelayClearance™ Authorization helps providers streamline authorization and medical necessity workflows. The result: fewer downstream denials, less rework, and greater staff productivity. It empowers healthcare providers to readily identify whether an authorization is required and has been secured. Manual touch-points, phone calls and faxes are significantly decreased, which helps eliminate costly delays and increase patient satisfaction.
RelayClearance™ QA helps improve registration accuracy by alerting registrars to errors in real time. Error reduction, in turn, helps reduce the probability of denials, and benefits all processes following registration. As a result, the quality and timeliness of claims can be improved, and cash flow and average A/R days can be optimized.
RelayAnalytics™ Acuity 5.0, the company’s business intelligence solution, now offers the first step in data integration across the revenue cycle. By merging RelayAssurance and RelayClearance data, Acuity 5.0 helps advance the utility of existing analytics, and unlocks siloed data that illustrates how front-end process improvements can drive back-end results. Providers gain actionable information to analyze revenue cycle trends, identify payment bottlenecks, and visibility into patient access processes impacting the claim cycle and cash flow.
To learn more about these new technologies at ANI, visit RelayHealth Financial in booth 827.
Voice of the Customer – Notable Speakers at ANI
RelayHealth Financial prides itself on working with leaders in healthcare to help optimize revenue cycle management and drive real business results. This year, two customers will share insights in conference sessions. On Tuesday, Andrew Molatare, director of Patient Financial Services for Sky Lakes Medical Center, will present, “Maintaining Revenue Cycle Performance in Times of Rapid Growth - A Physician Practice Acquisition Case Study,” and Travis Mendenhall, senior systems analyst, Gwinnett Hospital System, will discuss, “Best Practices for Simultaneously Increasing Patient Collections and Satisfaction.”
Relay Rocks the House All-Show Party
On Monday evening, from 7:00 PM to 10:00 PM, conference attendees are invited to spend the evening with friends and colleagues at The Rockhouse at the Venetian. “Rock the House with Relay” will feature food and beverages, a DJ, dancing, as well as games – including a mechanical bull.
To learn more about RelayHealth Financial at ANI, stop by booth 827 at ANI. Or to take the first step towards streamlining your revenue cycle management, contact a RelayHealth Solutions Advisor at 800-752-4143.
For more information on RelayHealth Financial solutions, visit our Web site at http://www.relayhealth.com/solutions/financial-solutions, learn from our experts at the RelayHealth blog, or follow us on Twitter at @RelayHealth.
Related McKesson Health Solutions News
Financial Drives Just-in-Time Claims Intelligence to Streamline
Processes and Accelerate Payment
RelayClearance Plus Takes Aim at Denials, Administrative Costs and Staff Productivity
RelayAnalytics Acuity Puts Revenue Cycle Data to Work
About RelayHealth Financial
Every day across America, more than 2,000 hospitals and health systems rely on RelayHealth to help them process over 5 million patient claims, worth over $1.1 trillion annually. Our broad array of revenue cycle management solutions use the power of the cloud and big data to help healthcare professionals make better financial decisions for their organizations and patients, right at the point of care. Nobody does more than RelayHealth to bring healthcare connections to life. For more information, visit http://www.relayhealth.com/solutions/financial-solutions.
McKesson Corporation, currently ranked 15th on the FORTUNE 500, is a healthcare services and information technology company dedicated to making the business of healthcare run better. McKesson partners with payers, hospitals, physician offices, pharmacies, pharmaceutical companies and others across the spectrum of care to build healthier organizations that deliver better care to patients in every setting. McKesson helps its customers improve their financial, operational, and clinical performance with solutions that include pharmaceutical and medical-surgical supply management, healthcare information technology, and business and clinical services. For more information, visit www.mckesson.com.
Tags: McKesson, McKesson Health Solutions, RelayHealth, Revenue Cycle, Revenue Cycle Management, Claims Management, Claims Processing, Analytics, HFMA, HFMA ANI
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