NASHVILLE, Tenn., June 24, 2011 /PRNewswire/ -- Emdeon Inc. (NYSE: EM), a leading provider of healthcare revenue and payment cycle management and clinical information exchange solutions, today announced three of its revenue cycle management solutions have earned the Peer Reviewed designation of the Healthcare Financial Management Association (HFMA). The HFMA Peer Reviewed designation places these Emdeon solutions on a short list of prestigious products and services that have been proven effective by industry expert volunteers, product customers and independent HFMA staff.
Emdeon® Assistant, an automated patient eligibility and benefits verification tool, was awarded the designation for the fourth year in a row. And for the second straight year, both Emdeon Claim Master®, a web-based claims management solution, and Emdeon Payment Integrity Services, which provides accounts receivable audit and recovery services for healthcare providers, were selected for Peer Reviewed status. All products presented for the certification must meet predetermined standards as established by HFMA in areas such as product effectiveness, quality, overall value and customer support to earn the "Peer Reviewed by HFMA" designation.
"By helping providers better manage the complexities of the revenue and payment cycle, Emdeon's solutions allow our customers to be more efficient from the initial patient encounter through third-party reimbursement and final payment," said George Lazenby, chief executive officer for Emdeon. "We are pleased to receive corroboration from our customers and peers that Emdeon's solutions are effectively addressing healthcare market needs."
Emdeon Assistant simplifies patient registration through real-time automation of patient eligibility and information verification tasks and interfaces with most existing registration systems. Emdeon Assistant accesses a wide range of information from available government and commercial payers including insurance eligibility, referrals, pre-authorizations and claim status. Emdeon Assistant also has the ability to perform address verification, payment prediction, charity screening and discount assessment.
Emdeon Claim Master's innovative and easy-to-use web-based interface allows hospitals, health systems and provider practices to manage their entire billing process across all facilities. Emdeon Claim Master utilizes unique tools to aid decision support, provide dashboard snapshots of claims inventory, manage workflow and prioritize resources. In addition, Emdeon Claim Master provides trending analytics at the patient level while illustrating the claim lifecycle, enabling the user to monitor the end-to-end experience of individual claims in the claims management process.
"Emdeon Claim Master is one of the most important revenue cycle tools we have installed at Martha Jefferson Hospital," said Albert Payne, revenue cycle manager at Martha Jefferson Hospital in Charlottesville, Va. "This claim management solution automates the import of bills from our patient accounting system and sends clean claims to Emdeon without any staff intervention."
Emdeon Payment Integrity Services consists of professional services and technology solutions that enable healthcare providers to transform previously written-off government managed care and commercial payer underpayments into realized revenue. Coupling industry expertise with sophisticated tools to work with providers, Emdeon Payment Integrity Services focuses on key areas of the revenue cycle where providers traditionally lack the in-house resources to address payer underpayments including accuracy of payments and collection issues.
Emdeon will be exhibiting during the HFMA 2011 ANI conference in Orlando June 27-28, 2011, and demonstrating Emdeon Assistant, Emdeon Claim Master and Emdeon Payment Integrity Services, as well as other revenue cycle management solutions and services at booth 821. Emdeon will also present short, impactful educational sessions featuring Emdeon and industry partner subject matter experts on 5010 readiness, revenue recovery and eligibility. All educational presentations will take place at booth number 821 in Emdeon's in-booth theater.
Revenue Recovery & Optimization
Monday, June 27th, 1:00 pm Eastern
- Presented by Gladys Baxley, MBA, Director of Managed Care at Lakeland Regional Medical Center
The complexities of payer contract management and underpayment revenue recovery have the potential to pose challenges for providers and their staff. Attend this session to find out how Lakeland Regional Medical Center transformed previously written-off government managed care and commercial payer underpayments into realized revenue.
Are You Ready for HIPAA 5010?
Monday, June 27th, 4:30 pm Eastern
- Presented by Debbi Meisner, Vice President of Regulatory Compliance at Emdeon
Planning for upcoming 5010 requirements can help protect cash flow by reducing the risk of late or denied claims payment. In this session, critical strategies and lessons learned to help providers prepare for 5010 regulatory changes will be discussed.
Eligibility Coverage Using Both Technology & Professional Services
Tuesday, June 28th, 1:00 pm Eastern
- Presented by Brenda Loper, Director of Patient Registration Services at Sentara
What happens when a provider needs eligibility coverage for both insurance benefit verification and the screening and enrollment of patients into government, charity and community benefit programs? Attend this session to learn how Sentara not only streamlined eligibility and benefits verification processes, but also how they lowered their incidence of uncompensated care using both technology and professional services.
"Epic" Integration of Eligibility & Benefits Verification
Tuesday, June 28th, 4:30 pm Eastern
- Presented by Lyman Sornberger, Executive Director Revenue Cycle Management at Cleveland Clinic
Is it possible to integrate 13 different platforms for eligibility and benefits verification into one solution directly within Epic? Find out how Cleveland Clinic overcame administrative inconsistencies by collaborating with Emdeon for direct integration of real-time and batch eligibility and benefits verification within Epic.
Emdeon is a leading provider of revenue and payment cycle management solutions, connecting payers, providers and patients in the U.S. healthcare system. Emdeon's product and service offerings integrate and automate key business and administrative functions of its payer and provider customers throughout the patient encounter. Through the use of Emdeon's comprehensive suite of products and services, which are designed to easily integrate with existing technology infrastructures, customers are able to improve efficiency, reduce costs, increase cash flow and more efficiently manage the complex revenue and payment cycle process. For more information, visit www.emdeon.com.
Statements made in this press release that express Emdeon's or management's intentions, plans, beliefs, expectations or predictions of future events are forward-looking statements, which Emdeon intends to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. These statements often include words such as "may," "will," "should," "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions. Forward-looking statements also may include information concerning Emdeon's possible or assumed future results of operations, including descriptions of Emdeon's revenues, profitability and outlook and its overall business strategy. You should not place undue reliance on these statements because they are subject to numerous uncertainties and factors relating to Emdeon's operations and business environment, all of which are difficult to predict and many of which are beyond Emdeon's control. Although Emdeon believes that these forward-looking statements are based on reasonable assumptions, you should be aware that many factors could affect Emdeon's actual financial results or results of operations and could cause actual results to differ materially from those in the forward-looking statements, including the risks discussed in the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections and elsewhere in Emdeon's Annual Report on Form 10-K for the year ended December 31, 2010, as well as Emdeon's periodic and other reports, filed with the Securities and Exchange Commission.
You should keep in mind that any forward-looking statement made by Emdeon herein, or elsewhere, speaks only as of the date on which made. Emdeon expressly disclaims any intent, obligation or undertaking to update or revise any forward-looking statements made herein to reflect any change in Emdeon's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based.
SOURCE Emdeon Inc.