Revenue cycle gets a new shot at Putnam County Memorial Hospital

By : |July 21, 2014 0

HORSHAM, UK: NextGen Healthcare Information Systems, LLC., a wholly owned subsidiary of Quality Systems, Inc. and provider of healthcare information systems and connectivity solutions, will provide revenue cycle management (RCM) services to improve charge integrity, revenue capture and accounts receivables collections at Putnam County Memorial Hospital (PCMH).

An announcement revealed that under the agreement, NextGen RCM Services will deploy its best practices while assuming responsibility for the management and functional oversight of the business office for Putnam County Memorial Hospital, a 25-bed general medical and surgical hospital in Unionville, Mo. Utilizing NextGen RCM Services, PCMH can leverage one platform across its enterprise connecting and synchronizing their clinical, administrative, and revenue solutions to enhance existing financial and operational workflows.

With a long history of business with physician practices and billing services, NextGen RCM Services is expanding quickly into the hospital RCM services space to address problems specific to the claim and payment phases of hospital reimbursement.

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“We are committed to serving our community while maintaining financial viability amid this rapidly changing healthcare environment and based on that commitment, we needed a trusted partner that not only brings extensive business office expertise, but also a proven ability to deliver and sustain high financial performance,” explained Jerry Cummings, chief operating officer at Putnam County Memorial Hospital. “We are confident that outsourcing our Hospital Patient Accounting Department with NextGen will help us achieve sustained, positive financial performance, freeing our physicians to focus on providing great care for the people of Putnam County.”

“The financial inner working is the lifeline of any healthcare organization. With the double burdens of Medicare and Medicaid cuts coupled with shifting reimbursement models, hospitals are dedicating unprecedented attention to business processes and workflows as they seek to maintain financial viability and ensure optimal collections in the face of growing financial challenges. To that end, many hospitals have antiquated RCM technology and talent that lack the necessary functionality and expertise needed to address a number of RCM complexities,” said Monte Sandler, executive vice president of NextGen RCM Services. 

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