St. Louis Radiology Group Chooses McKesson
Local market knowledge, operational excellence cited
ATLANTA--(BUSINESS WIRE)--McKesson Business Performance Services’ (McKesson) in-depth knowledge of the St. Louis radiology market – coupled with the company’s unique combination of people, process and technology -- were instrumental in South County Radiologists, Inc. decision to select McKesson for revenue cycle management services.
“the regional benchmarking that McKesson can provide will help give the group insight into compensation, costs and other financial variables to better manage their practice.”
McKesson will provide the St. Louis-based imaging group with coding, billing, claims administration, denial management and managed care contracting support. McKesson will assist with South County’s day-to-day financial management, including payroll, accounts payable and P&L statements. The practice expects the agreement will help result in increased revenue, faster collections, reduced write-offs and stronger regulatory compliance.
Jeffrey Judd, MD, president of South County, said, “McKesson’s extensive presence in the St. Louis market and understanding of the local payer community will help the group secure optimal contracting rates and terms.” In addition, he said, “the regional benchmarking that McKesson can provide will help give the group insight into compensation, costs and other financial variables to better manage their practice.”
“McKesson is exceptionally well-qualified to meet a range of needs for our practice,” Judd said. “Their revenue cycle expertise, local market knowledge, technological capabilities, and perhaps most importantly, the expertise and professionalism of their people, made selecting them an easy choice for us. They came highly recommended by multiple peers in our area, and we look forward to working with them to strengthen our practice and overcome the challenges that all radiology practices face today.”
South County is a hospital-based independent practice affiliated with St. Anthony’s Medical Center in St. Louis. The 14-physician group averages about 265,000 procedures annually. McKesson will process the group’s claims through their processing facility in Peoria, Ill. The McKesson financial manager and client manager responsible for working with South County will both be St. Louis-based.
Pat Leonard, president of McKesson Business Performance Services, said the company’s expanding footprint in the St. Louis market reflects rapid changes in the radiology market.
“Radiology continues to experience a convergence of operational challenges, including changing reimbursement models, increased competition and greater regulation,” Leonard said. “Dealing with these issues can exceed the resources and capabilities of many internal billing operations and third-party billing vendors. At McKesson, we’ve created a full-service billing and financial partner that can help groups stay ahead in today’s unforgiving marketplace.”
About South County Radiologists, Inc.
South County Radiologists, Inc. is a 14-physician independent practice affiliated with St. Anthony’s Medical Center in St. Louis. The group is responsible for approximately 265,000 procedures annually in the St. Louis metropolitan area. South County offers a full range of procedures and modalities, including interventional radiology.
About McKesson Corporation
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. We partner 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.