CONSHOHOCKEN: Apollo Health Street, a developer of solutions for healthcare’s financial and IT challenges, announced a new agreement with St. Mary’s Health System of America, Inc. of Evansville, Indiana
Using technologies proven to streamline the revenue cycle and Apollo’s experienced billing platform managers, St. Mary’s core goal is to improve the aging of third party accounts receivable. The partnership, spanning the next 12 months, includes evaluating an estimated 3,200 claims per month, adds a press release.

“Our process-driven staff ensures the best use of tools, and effective and comprehensive follow-up of third party accounts,” said Bill Colgan, executive vice president of hospital services for Apollo. “Our goal at St. Mary’s is to accelerate cash recoveries, improve the appeals process and gain feedback and correct internal issues that are causing delays in payment.”

According to Colgan, this is not only a cost-saving process, but also a cash improvement plan that will guarantee uninterrupted high-quality accounts receivable management.

“We appreciate Apollo’s use of proprietary and best-of-breed technology to ensure delivery of the tailored results that will improve our bottom line,” said Barbara Clayton, vice president of revenue cycle and managed care at St. Mary’s. “Apollo’s commitment to process management and customer service was absolutely the right fit for us.”

Added Andrew DeVoe, CEO for Apollo Health Street: “At Apollo, we never lose sight of the goal of effective Third Party Solutions - increased cash collections and reduced days in A/R. We are looking forward to working with St. Mary’s and helping them reach their revenue goals.”