Mar 23 2010
University Physicians & Surgeons, Inc., the faculty practice of Marshall
University’s Joan C. Edwards School of Medicine, has chosen McKesson to
manage its medical billing and practice management processes, citing
McKesson’s market longevity and reputation for excellence as deciding
factors in its choice. McKesson’s Revenue
Management Solutions (RMS) group will provide services including
patient billing, accounts receivable management and reporting to assist
the Huntington, W.Va., group in its efforts to achieve measurable
improvements in key financial areas.
“The people, processes and technology we put to work for our
customers help ensure that we exceed performance expectations in the
important academic physician market.”
James J. Schneider, executive director of University Physicians &
Surgeons, Inc., said successful financial performance by the medical
practice group is essential to sustaining the medical school’s critical
education, research and clinical service missions.
“With continuing reductions in physician reimbursement and the growing
complexity of insurance company and patient billing processes, we
require experienced support and robust practice management systems in
order to improve revenue cycle financial performance,” he said.
“McKesson has demonstrated that it has the knowledge, experience and
technology solutions, as well as skilled professionals with a sustained
presence in the industry, to deliver improved results for us in this
rapidly changing environment.”
The 200+ physician practice selected McKesson for its ability to provide
robust data reporting and analysis, which will help identify system
inefficiencies and bottlenecks, Schneider said. He also expects
McKesson’s industry expertise will help the practice improve key
performance indicators such as net collection percentages and days in
accounts receivable.
McKesson is the nation’s leading provider of medical
billing and accounts receivable management services for physicians,
with more than 30 years’ experience and more than 1,000 customers. Its
RMS group includes 4,000 employees dedicated to helping physicians grow
revenues, control costs and reduce regulatory risk.
“We are honored that Marshall faculty physicians selected us and proud
that physician colleagues at other respected institutions regularly
provide such solid recommendations about our services,” said Pat
Leonard, senior vice president and general manager for McKesson’s RMS
group. “The people, processes and technology we put to work for our
customers help ensure that we exceed performance expectations in the
important academic physician market.”
Revenue management solutions are part of McKesson’s comprehensive
portfolio of physician solutions designed to reduce time spent on
administrative tasks and streamline practice operations. As the source
for software and services that improve practice performance, McKesson’s
offering includes clinical and EHR solutions, with more than 100,000
physicians served. In addition, the company provides connectivity
solutions for health information exchange and medical-surgical equipment
and supplies.
Source:
University Physicians & Surgeons, Inc.,