NASHVILLE, Tenn., June 21 /PRNewswire-FirstCall/ -- Emdeon Inc. (NYSE: EM), a leading provider of healthcare revenue and payment cycle management solutions, today announced that its automated patient eligibility and benefits verification tool, Emdeon® Assistant™, and web-based billing management solution, Emdeon Claim Master®, 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 that have been proven effective by industry expert volunteers and independent HFMA staff.
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. Emdeon Assistant, which has received HFMA's Peer Review status for three consecutive years, can help save time and money by providing one interface to manage claims for virtually all government and commercial payers from start to finish. Emdeon Claim Master, an easy-to-use web-based interface that allows hospitals, health systems and provider practices to manage their entire billing process across all facilities, received the HFMA Peer Reviewed status for the first time this year.
"Receiving HFMA Peer Reviewed status for our solutions validates our commitment to offer superior products in the healthcare marketplace," said George Lazenby, chief executive officer of Emdeon. "Ultimately, our solutions allow providers the ability to better manage the complexities of the revenue payment cycle from the initial patient encounter through third-party reimbursement and final patient payment."
Emdeon Assistant simplifies patient registration through real-time eligibility and benefit verifications and interfaces with most existing patient registration systems. By accessing a wide range of information from government and commercial payers via Emdeon's healthcare revenue and payment cycle network, Emdeon Assistant helps providers determine a patient's eligibility status, copay, deductible and other important information. Emdeon Assistant also verifies patients' addresses and key demographic information, thus helping providers maintain contact with patients after they leave the office for follow-up care, billing and other communications.
In addition to facilitating the management of healthcare providers' entire billing processes across all facilities, Emdeon Claim Master employs unique tools to aid decision support, provide dashboard snapshots of claims inventory, manage workflow and prioritize resources. Emdeon Claim Master also provides electronic submission capability for Workers' Compensation and Automobile medical claims to enrolled payers and enables attachments such as medical reports and documentation to be submitted electronically.
"In the admitting and registration areas, Emdeon Assistant has changed the way that we do business," said Carol Plato Nicosia the administrative director of corporate business services for Martin Memorial Health Systems. "In the past, we used to go to the Internet, look things up and then have to re-key the eligibility information into our mainframe. Today, Emdeon Assistant provides us with all of the information that we need, and it is automatically posted back into our mainframe system. Emdeon Assistant has not only made us more efficient, but it has also helped us with patient communications because we have the information we need instantly, which enables us to discuss payment situations up-front."
Commenting on Emdeon Claim Master, Nicosia continued, "Emdeon Claim Master is not only our tool for submitting claims, it also allows us to make any edits needed prior to submission. Emdeon Claim Master ultimately helps us to reduce denials and get paid more quickly."
Emdeon will be exhibiting during the HFMA 2010 ANI conference in Las Vegas June 21-22, 2010, and demonstrating Emdeon Assistant, Emdeon Claim Master and other solutions at booth 525.
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 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, 2009, 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.