Healthcare Finance NewsHealthcare Finance News
TwitterFacebookLinkedIn
  • Home
  • Topics
    • Capital Finance
    • Claims Processing
    • Community Benefit
    • Election 2012
    • Enterprise Content Management
    • Enterprise Resource Planning
    • ICD-10
    • Information Technology
    • Medical Banking
    • Policy and Legislation
    • Quality and Safety
    • Reimbursement
    • Revenue Cycle Management
    • Supply Chain
    • Workforce Management
  • Issues
    • May 2012
    • April 2012
    • March 2012
    • Jan/Feb 2012
    • December 2011
    • November 2011
  • Webinars
    • Upcoming Webinars
    • On Demand Webinars
  • White Papers
  • Blog
  • Jobs
  • Buyer's Guide
  • RSS
  • Press Releases
  • Slideshows
  • Videos
  • Podcasts
  • Supplements
  • Survey Analyses
  • Newsletters
  • Advertise
  • Login
  • Register
  • SUBSCRIBE
    • Newspaper
    • Email Newsletter
Home » News
Receive News By Email

  • del.icio.us
  • Digg
  • StumbleUpon
  • Reddit
  • Facebook
  • Google
  • RSS Icon
  

Abington Memorial Hospital improves RM cycle

March 19, 2009 | Chelsey Ledue, Contributing Editor

Suggested Content

  • New health system to serve three Pennsylvania counties
  • McKesson taps Craneware to close RCM loop
  • McKesson adding Craneware's Chargemaster Toolkit to RCM platform
  • New Hampshire health system to integrate financial and clinical systems, strengthen physician ties
  • Radiology group implements RCM to confront 'difficult payer mix'
  • McKesson adds charge-capture tools to EDIS with EN-Chart acquisition
  • Revenue cycle management undergoes changes

ABINGTON, PA – Abington Memorial Hospital is replacing 26 disparate systems from various vendors with a single end-to-end revenue management system from McKesson in an effort to streamline workflow and make processes more seamless and efficient.

“Our existing revenue management and financial systems simply were not helping us meet the complex challenges in today’s healthcare industry - and they were not enabling us to deliver the level of service that our patients deserve,” said Michael Walsh, senior vice president of finance and chief financial officer at the Abington, Pa.-based hospital.

Abington’s new system will include Atlanta-based McKesson's Horizon Enterprise Revenue Management solution, which is designed to improve the economics of care by automating operational and financial processes and more efficiently connecting hospitals with payors, financial institutions, physicians and consumers.

Tasks that were typically performed after discharge will now be carried out during the patient registration process, enabling clinicians to gather better information upfront. This will allow hospital officials to better inform patients of treatment options and ensure compliance with regulatory requirements and collection of payments when services are delivered.

“I believe that moving processes to the front end of the cycle will have a direct impact on patient satisfaction by decreasing wait times and reducing paper transactions,” said Alison Ferren, the hospital's vice president of information technology and chief information officer. “Patients will be able to check in using kiosk technology in waiting rooms and lobbies. With a simple swipe of a credit card, they can verify their insurance eligibility, confirm or provide accurate address information and make their co-payments.”

Processes will be automated based on industry best practices and managed by exception, not inspection – making it possible for management to be alerted to important issues in real time. The goal is to eliminate bottlenecks and streamline workflow throughout the hospital. 

Abington is slated to begin implementing the sytems early this year. The new technology is projected to reduce bad debt and result in improved productivity through the elimination of redundant work and many manual tasks. The hospital also expects to improve its profitability by reducing days in accounts receivable below industry best-practice levels.

“We are empowering healthcare providers to operate more effectively where they can truly make a difference in the lives of the patients they serve,” said Duncan James, group president of Health Systems Solutions at McKesson Provider Technologies.

 

Photo by zpeckler and obtained under Creative Commons license.

Related Topics:
  • ABINGTON
  • McKesson
  • McKesson Provider Technologies
  • Memorial Hospital

Reader Comments (0)Login to Post a Comment

Most Popular

Latest Headlines
Most Popular
  • 3 ways to optimize your hospital's HVAC performance
  • The big payoff from wellness and prevention
  • Wellness emerges as a real estate strategy
  • 10 key factors to weigh when buying cyber insurance
  • 5 ways to make the most out of a group purchasing organization
  • Analysts see M&A activity steady, not supercharged
  • National Alzheimer's plan released
  • AMA offers online tool for physicians to assess driving ability of older patients
  • Moody's: More U.S. healthcare companies poised to initiate dividends
  • R.I. hospitals contributed $6.3B to state's economy in 2010

WEBINARS AND WHITE PAPERS

  • WHITE PAPERS
    How new technology is helping healthcare providers meet the pressing challenges of reducing bad debt by improving patient billing and collection
  • WHITE PAPERS
    Driving Meaningful Use of Enterprise Content Management
  • ON DEMAND WEBINARS
    Case Study: Sentara Healthcare Completes an Award-Winning EHR with Enterprise Content Management
  • WHITE PAPERS
    Floyd Memorial Case Study: Just Being Good was Never Good Enough
  • ON DEMAND WEBINARS
    From Data to Decisions: Best Practices in Analytics for Payers
More Resources
Syndicate content

HEALTHCARE FINANCE JOB SPOT

  • Assistant Director, Grants Compliance & Costing - NYU Langone Medical - New York, NY
  • Revenue Value Units (RVU) Coordinator - NYU Langone Medical Center - New York, NY
  • Financial Analyst - Decision Support - NYU Langone Medical Center - New York, NY
  • Outpatient Coding Auditor - GA - HIM Connections, Inc. - Atlanta, GA
  • Senior Internal Auditor - Health Management Associates, Inc. - Naples, FL
more jobs

Marketplace

Follow Healthcare Finance News on TwitterFan Healthcare Finance News on FacebookJoin Healthcare Finance News on LinkedInRSS Subscriptions
Digital EditionBlogEvents
JobsMobile SiteMobile App
 
Healthcare IT News Government Health IT EHRWatch Healthcare Payer News HITECHWatch ICD10Watch mHIMSS PhysBizTech NHINWatch
©2012 MedTech Media Healthcare Finance News is a publication of MedTech Media
Subscribe Advertise About Us Privacy Policy