News | June 30, 2009

Hospital Adopts Common Revenue Platform Across Large Network

June 30, 2009 – The need for a common financial platform to support physician practices, remote facilities and clinical information systems prompted Capital Region Health Care (CRHC) to plan for a replacement of its existing revenue management system and associated bolt-on products.

The health system, a long-time user of McKesson’s Horizon Clinicals solutions, now plans to implement McKesson’s Horizon Enterprise Revenue Management as well. The revenue management solution is designed to improve the economics of care by helping health systems manage the complex reimbursement, collection and patient management issues they face every day.

Administrators at CRHC believe that adopting a common revenue management platform across the health system will help them to better align with their physicians. They also expect to establish even stronger relationships with joint venture partners such as surgery centers, imaging facilities and the visiting nurses association.

CRHC plans to use Horizon Enterprise Revenue Management to manage financial matters across the entire patient care experience, regardless of where care is delivered. For example, a common registration form can be used across all sites, eliminating the need to re-enter information as patients access care in outpatient and inpatient environments, thereby reducing the duplicate work required with stand-alone registration systems. Horizon Enterprise Revenue Management is also “open,” designed to integrate with both McKesson and non-McKesson clinical solutions. This enables continuous medical necessity checking, coordinated care planning and case management.

“Our goal is to help our providers improve their operations as we update and modernize our health system’s overall approach to revenue management,” said Bruce Burns, chief financial officer at Capital Region Health Care, which includes 225-bed Concord (N.H.) Hospital and several other healthcare facilities. “Concord Hospital currently employs more than 150 physicians and is supported by an additional 25 nurse practitioners and physician assistants across multiple sites, and we have long-standing relationships with many of them.”

Horizon Enterprise Revenue Management together with Horizon Clinicals offers advanced capabilities to meet rapidly evolving demands for improved clinical, operational and financial outcomes. Horizon Enterprise Revenue Management combines rules-based software with connectivity services and helps hospitals manage the processes, relationships and organizational dynamics involved in the revenue cycle process. In addition, it is desinged to enable hospitals to assess the financial impact of all care decisions to forecast cash flow and net revenue in real time.

For more information:

Related Content

Sponsored Content | Case Study | Enterprise Imaging | November 16, 2018
Centricity Clinical Archive Analytics uses Microsoft Azure and Power BI Embedded to derive intelligence from the data
Lunit Unveiling AI-Based Mammography Solution at RSNA 2018
News | Mammography | November 15, 2018
Medical artificial intelligence (AI) software company Lunit will be returning to the 104th Radiological Society of...
Life Image and Bringing Artificial Intelligence to Clinical Trial Development
News | Artificial Intelligence | November 15, 2018
Life Image and announced a new strategic partnership that will facilitate the adoption and enhancement of...
News | Enterprise Imaging | November 14, 2018
Konica Minolta Healthcare Americas Inc. will showcase new features and tools for the Exa Enterprise Imaging platform at...
Artificial Intelligence Predicts Alzheimer's Years Before Diagnosis
News | Neuro Imaging | November 14, 2018
Artificial intelligence (AI) technology improves the ability of brain imaging to predict Alzheimer’s disease, according...
MDW Unveils First Radiology Blockchain Platform at RSNA 2018
News | Radiology Business | November 13, 2018
Medical Diagnostic Web (MDW) will debut the first radiology blockchain platform designed to connect all players in the...
Subtle Medical Showcases Artificial Intelligence for PET, MRI Scans at RSNA 2018
News | Artificial Intelligence | November 13, 2018
At the 2018 Radiological Society of North America annual meeting (RSNA 2018), Nov. 25-30 in Chicago, Subtle Medical...
ContextVision Introduces AI-Powered Image Enhancement for Digital Radiography
Technology | Artificial Intelligence | November 09, 2018
With the integration of deep learning technology, ContextVision takes digital radiography to new levels with its latest...
Ambra Health Launches Mobile App for Instant Medical Image Access
Technology | Mobile Devices | November 09, 2018
Ambra Health announced the launch of its first iOS mobile app for healthcare providers and patient access. Designed...
Figure 1

Figure 1

Feature | Information Technology | November 09, 2018 | By Jef Williams and Laurie Lafleur
Every year in late November tens of thousands of diagnostic imaging professionals from all over the globe descend upon...