ATLANTA--(BUSINESS WIRE)--BJC HealthCare, one of the largest nonprofit healthcare organizations in the United States, has selected MedAssets charge integrity solutions to automate and standardize its charge description master and pricing for increased efficiency, billing compliance and improved net revenue capture.
BJC delivers a wide array of healthcare services to residents in Missouri and Illinois and will implement MedAssets’ chargemaster management and pricing management solutions to bring all of its facilities together on a corporate chargemaster. This standardization, in combination with the utilization of the Web-based software tools’ workflow automation and reporting capabilities, will allow for increased visibility in understanding the net impact of pricing and rate changes and increase the health care organization’s revenue capture opportunities.
“With 13 hospitals and multiple community health locations, it is important for us to focus on ensuring that revenue integrity is consistent across our organization,” said Kevin Roberts, BJC Senior Vice President and Chief Financial Officer. “Our goal is to increase charge standardization and billing compliance at all of our facilities.”
“BJC HealthCare is known across the country for the high quality healthcare they provide,” said Rand Ballard, Chief Customer Officer and Chief Operating Officer, MedAssets. “We look forward to working with the BJC team to apply our best practices and technology to improve the management of its revenue cycle, leading to more efficiency and improved reimbursement for the system.”
MedAssets (NASDAQ: MDAS) partners with healthcare providers to improve their financial strength by implementing spend management and revenue cycle solutions that help control cost, improve margins and cash flow, increase regulatory compliance, and optimize operational efficiency. MedAssets serves more than 125 health systems, 3,300 hospitals and 30,000 non-acute care healthcare providers. For more information, go to www.medassets.com.
About BJC HealthCare
BJC HealthCare is one of the largest nonprofit health organizations in the United States, delivering services to residents primarily in the greater St. Louis, southern Illinois and mid-Missouri regions. With net revenue of $3.4 billion in 2009, BJC serves urban, suburban and rural communities through its 13 hospitals and multiple community health locations. Services include inpatient and outpatient care, primary care, community health and wellness, workplace health, home health, community mental health, rehabilitation, long-term care and hospice. Learn more at www.bjc.org.