Univ Physicians & Surgeons automates revenue mgt

ATLANTA: University Physicians & Surgeons, Inc., the faculty practice of Marshall University’s Joan C. Edwards School of Medicine, has chosen McKesson to manage its medical billing and practice management processes. McKesson’s Revenue Management Solutions (RMS) group will provide services including patient billing, accounts receivable management and reporting to assist the Huntington, W.Va., group in its efforts to achieve measurable improvements in key financial areas.

In the press release, James J. Schneider, executive director of University Physicians & Surgeons, Inc., said successful financial performance by the medical practice group is essential to sustaining the medical school’s critical education, research and clinical service missions.

“With continuing reductions in physician reimbursement and the growing complexity of insurance company and patient billing processes, we require experienced support and robust practice management systems in order to improve revenue cycle financial performance,” he said. “McKesson has demonstrated that it has the knowledge, experience and technology solutions, as well as skilled professionals with a sustained presence in the industry, to deliver improved results for us in this rapidly changing environment.”

The over 200 physician practice selected McKesson for its ability to provide robust data reporting and analysis, which will help identify system inefficiencies and bottlenecks, Schneider said. He also expects McKesson’s industry expertise will help the practice improve key performance indicators such as net collection percentages and days in accounts receivable.