RelayHealth Clears the Way for Revenue Cycle 2.0 at HFMA ANI 2014

  RelayHealth Clears the Way for Revenue Cycle 2.0 at HFMA ANI 2014

New technologies leverage powerful analytics, help drive better financial
outcomes

HFMA ANI 2014

Business Wire

LAS VEGAS -- June 23, 2014

As the healthcare industry’s financial management executives and solution
providers gather in Las Vegas this week for the year’s seminal event, ANI: The
2014 HFMA National Institute, RelayHealth Financial initiates a new dialogue
about today’s complex healthcare reimbursement environment.

“We can’t keep doing the same things over and over again, and expect different
outcomes,” commented Dave Mason, senior vice president and general manager,
RelayHealth Financial. “The healthcare market is much different than it was
just a year ago – and presents new business challenges. Revenue Cycle 2.0 is
about using RelayHealth data assets in new and innovative ways. It’s about
advancing dialogues with patients and payers, enabling data-driven decisions,
boosting staff efficiency and – most importantly – forging initiatives that
help streamline and simplify reimbursement for years to come.”

At ANI this week, RelayHealth will showcase its expanded suite of end-to-end
revenue cycle management solutions, with a focus on how those tools help solve
some of the critical business issues faced by hospitals and health systems.

Product Updates Help Providers Capitalize on Data

Underscoring its commitment to driving intelligence into revenue cycle
management using analytics, RelayHealth is introducing critical enhancements
to its portfolio, including:

RelayAssurance™ 5.0 now leverages analysis of 2.3 billion financial
transactions and connectivity with 1,900 payers to provide enhanced lifecycle
visibility and predictive intelligence in the claims process. Early knowledge
of claims headed for trouble and just-in-time workflow help providers to focus
only on claims that need attention. These additions enable more efficient
claims follow-up, support integrated denial management and foster greater
provider-payer collaboration by saving time for all parties.

RelayClearance™ Authorization helps providers streamline authorization and
medical necessity workflows. The result: fewer downstream denials, less
rework, and greater staff productivity. It empowers healthcare providers to
readily identify whether an authorization is required and has been secured.
Manual touch-points, phone calls and faxes are significantly decreased, which
helps eliminate costly delays and increase patient satisfaction.

RelayClearance™ QA helps improve registration accuracy by alerting registrars
to errors in real time. Error reduction, in turn, helps reduce the probability
of denials, and benefits all processes following registration. As a result,
the quality and timeliness of claims can be improved, and cash flow and
average A/R days can be optimized.

RelayAnalytics™ Acuity 5.0, the company’s business intelligence solution, now
offers the first step in data integration across the revenue cycle. By merging
RelayAssurance and RelayClearance data, Acuity 5.0 helps advance the utility
of existing analytics, and unlocks siloed data that illustrates how front-end
process improvements can drive back-end results. Providers gain actionable
information to analyze revenue cycle trends, identify payment bottlenecks, and
visibility into patient access processes impacting the claim cycle and cash
flow.

To learn more about these new technologies at ANI, visit RelayHealth Financial
in booth 827.

Voice of the Customer – Notable Speakers at ANI

RelayHealth Financial prides itself on working with leaders in healthcare to
help optimize revenue cycle management and drive real business results. This
year, two customers will share insights in conference sessions. On Tuesday,
Andrew Molatare, director of Patient Financial Services for Sky Lakes Medical
Center, will present, “Maintaining Revenue Cycle Performance in Times of Rapid
Growth - A Physician Practice Acquisition Case Study,” and Travis Mendenhall,
senior systems analyst, Gwinnett Hospital System, will discuss, “Best
Practices for Simultaneously Increasing Patient Collections and Satisfaction.”

Relay Rocks the House All-Show Party

On Monday evening, from 7:00 PM to 10:00 PM, conference attendees are invited
to spend the evening with friends and colleagues at The Rockhouse at the
Venetian. “Rock the House with Relay” will feature food and beverages, a DJ,
dancing, as well as games – including a mechanical bull.

To learn more about RelayHealth Financial at ANI, stop by booth 827 at ANI. Or
to take the first step towards streamlining your revenue cycle management,
contact a RelayHealth Solutions Advisor at 800-752-4143.

For more information on RelayHealth Financial solutions, visit our Web site at
http://www.relayhealth.com/solutions/financial-solutions, learn from our
experts at the RelayHealth blog, or follow us on Twitter at @RelayHealth.

For more information on McKesson Health Solutions, please visit our website,
hear from our experts at MHSdialogue, and follow us on Twitter at
@McKesson_MHS.

Related McKesson Health Solutions News

RelayHealth Financial Drives Just-in-Time Claims Intelligence to Streamline
Processes and Accelerate Payment
RelayClearance Plus Takes Aim at Denials, Administrative Costs and Staff
Productivity
RelayAnalytics Acuity Puts Revenue Cycle Data to Work

About RelayHealth Financial

Every day across America, more than 2,000 hospitals and health systems rely on
RelayHealth to help them process over 5 million patient claims, worth over
$1.1 trillion annually. Our broad array of revenue cycle management solutions
use the power of the cloud and big data to help healthcare professionals make
better financial decisions for their organizations and patients, right at the
point of care. Nobody does more than RelayHealth to bring healthcare
connections to life. For more information, visit
http://www.relayhealth.com/solutions/financial-solutions.

About McKesson

McKesson Corporation, currently ranked 15th on the FORTUNE 500, is a
healthcare services and information technology company dedicated to making the
business of healthcare run better. McKesson partners with payers, hospitals,
physician offices, pharmacies, pharmaceutical companies and others across the
spectrum of care to build healthier organizations that deliver better care to
patients in every setting. McKesson helps its customers improve their
financial, operational, and clinical performance with solutions that include
pharmaceutical and medical-surgical supply management, healthcare information
technology, and business and clinical services. For more information, visit
www.mckesson.com.

Tags: McKesson, McKesson Health Solutions, RelayHealth, Revenue Cycle, Revenue
Cycle Management, Claims Management, Claims Processing, Analytics, HFMA, HFMA
ANI

Contact:

General and Business Press
McKesson Health Solutions
Grant Evans, 610-205-5846
Public Relations
grant.evans@mckesson.com
 
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