March 6, 2009 – To remain competitive during these uncertain economic times, the Medical University of South Carolina (MUSC) is forging ahead with plans to replace its legacy revenue management systems with McKesson’s comprehensive, end-to-end solution, Horizon Enterprise Revenue Management.
By tightly integrating with MUSC’s existing clinical system, the solution will help the academic medical center improve its financial performance while providing better decision support throughout the care process.
“As we sought to improve our revenue cycle process, it was imperative that we invest in a system that not only streamlines those processes, but also elevates the already high-quality care that we provide to patients,” said Frank Clark, Ph.D., vice president for information technology and chief information officer at MUSC. “Having successfully partnered with McKesson in the past to implement an array of healthcare solutions, including our advanced clinicals, we’ve eagerly followed the development of Horizon Enterprise Revenue Management. Once fully deployed, we’re confident that we’ll be better equipped to address our most pressing revenue management challenges.”
Horizon Enterprise Revenue Management reportedly delivers sustainable improvements that help healthcare providers achieve peak financial performance throughout the continuum of care. For example, administrative tasks previously performed after discharge, such as insurance verification and collection of co-payments, can be carried out during patient registration using Horizon Enterprise Revenue Management. This proactive approach enables healthcare providers to better manage cash flow by significantly reducing the time it takes to file a clean claim. In addition to shortening the payment cycle, this should also streamline patient interaction with the health system while dramatically improving workflow efficiency and productivity.
For more information: www.mckesson.com
