October 5, 2009 – Kentucky-based Baptist Hospital Northeast in La Grange, Ky., is the first site to simultaneously implement both the access and business management modules of McKesson’s Horizon Enterprise Revenue Management solution. The innovative solution, which became generally available Sept. 29, combines rules-based software and connectivity services to help organizations transform revenue management.
The solution’s access management module is designed to allow healthcare organizations to collect appropriate financial information on patient treatment to help meet regulatory requirements and collect full payment for services at the beginning of the patient interaction process. The business management module supports the creation of charges, distribution of claims and receipt of payments.
By deploying the entire system, Baptist leaders expect to dramatically improve performance. For example, rather than simply manage denials more effectively with the technology; Baptist business office staff should be able to eliminate denials completely. The entire billing cycle should be reduced from a fourteen-step process with multiple handoffs to a streamlined, efficient process in which the majority of the work takes place within the system in the background.
The Horizon Enterprise Revenue Management solution also will enable Baptist to maximize its investment in McKesson’s clinical IT systems. Horizon Enterprise Revenue Management, together with McKesson’s Horizon Clinicals suite, helps enterprises to meet demands for improved clinical, operational and financial outcomes.
As an “open” technology, the revenue management solution is said to connect to both McKesson and non-McKesson clinical technology. These connections make it possible to manage financial processes across all care settings and enables continuous medical necessity checking; coordinated care planning and case management; and collaboration of orders and scheduling. The solution also will enable Baptist to handle emerging revenue management requirements related to pay-for-performance and ICD-10.
Horizon Enterprise Revenue Management will help Baptist focus even more keenly on performance improvement and prepare for potential economic stimulus incentives. The health system already leverages McKesson’s performance analytics technology, part of the complete Horizon Enterprise Revenue Management solution, to measure organizational performance and make evidence-based decisions.
For more information: www.mckesson.com