DALLAS, June 25 /PRNewswire/ -- Accuro Healthcare Solutions (Accuro) today announced that, during the first six months of the year, it secured agreements with 239 healthcare facilities nationwide to provide business intelligence and revenue management software.
The company offers a comprehensive suite of Web-based products to help providers of all sizes address revenue management challenges including coding and compliance, contract and receivables management, and claims denials. New clients range from New Jersey's nine-hospital St. Barnabas Health Care System, academic medical centers including the 400-bed University of Illinois at Chicago Medical Center and 547-bed Boston Medical Center to small community hospitals such as 40-bed Mat-Su Regional Medical Center in Palmer, AK.
Nearly three-quarters of the 239 facilities signed during the first six months of the year are providers that already use at least one Accuro product and elected to expand their relationship with the company in order to leverage Accuro's suite of solutions and improve reimbursement.
"Within nine months of implementing Accuro Contract Manager, we identified more than $5 million in carve outs that might have otherwise gone uncollected. Based on these results, we then added Accuro Contract Manager PRO and Accuro CarePricer. We are completely confident that these two products will prove equally successful," said Bob Perry, director of patient financial services for Cooper University Hospital in Camden, New Jersey. "In our experience, Accuro's products not only enhance our ability to forecast and collect revenue but also give us greater overall confidence in knowing that our hospital and our physicians are being paid according to the terms of our contracts."
"Accuro's products are designed to address common -- yet critical -- reimbursement issues faced by nearly every provider in today's marketplace regardless of their size," Brent McCarty, Accuro president and chief operating officer, said. "By leveraging our expertise in revenue management and business intelligence, we help our clients improve their financial and operational performance."
Accuro's revenue management tools include:
-- CarePricer, which helps providers estimate the cost of care in advance
of treatment to address increasing public and regulatory demand for
transparent pricing;
-- Denials Manager, which helps providers analyze denied claims and
identify profitability by payor;
-- Profitability, which allows providers to evaluate and determine
profitability by such factors as length-of-stay, severity and physician
practice patterns.
Accuro's business intelligence coding and compliance tools help providers maintain revenue cycle integrity, ensure an accurate chargemaster through proper coding and billing intelligence, and establish optimum, yet defensible pricing with comparative modules. For example:
-- CodeCorrect Knowledge provides current and comprehensive coding and
billing guidelines to identify overlooked revenue opportunities and
reduce A/R days;
-- CodeCorrect CDM e-mails up-to-date regulatory summaries to facilitate
change requests; identifies coding exceptions and potential compliance
risks to ensure chargemaster accuracy; and uncovers new revenue
opportunities;
-- Accuro Pricing prepares facilities for transparent pricing and
establishes optimum yet defensible pricing; simulates various
combinations of re-pricing scenarios to identify desired net revenue
impact; updates and monitors prices as payor contract terms, HCPCS
coding, costs, CDM services and market area prices change; and enables
providers to compare prices, costs and markup factors against any
hospital at the HCPCS level.
About Accuro Healthcare Solutions
Accuro is the industry leader in revenue management solutions to help providers achieve optimal financial results in an era of ever-diminishing resources and expanding regulatory complexities. The company's Web-based applications help maintain an accurate chargemaster to improve reimbursement and ensure compliance; calculate and manage net revenue; address transparent pricing issues with rational, yet optimum prices; monitor and manage payor performance, and deliver pioneering business intelligence and analytics, including denials management.
Accuro Healthcare Solutions
CONTACT: Malea Barron of Lovell Communications Inc., +1-615-297-7766,
malea@lovell.com, for Accuro Healthcare Solutions
