ALPHARETTA, Ga.--(BUSINESS WIRE)--Rising patient financial responsibility, declining reimbursements, sweeping healthcare reform and new payment models continue to erode healthcare providers’ margins and further complicate the challenge of accurate and timely payment. To help alleviate this pressure and streamline claims management, RelayHealth® Financial has bolstered RelayAssurance™ Plus 5.0 with analytics-driven intelligence that provides unprecedented transparency into the lifecycle of claims.
“Smart claims management is the key to timely cash flow,” said Dave Mason, senior vice president and general manager, RelayHealth Financial. “Traditional claims management is unnecessarily labor-intensive and complex – relying on schedule-based worklists. With this release, RelayHealth Financial introduces enhanced exception-based workflow that allows billers to touch only the claims that need attention. With a more targeted focus, users can positively influence their productivity and help speed receipt of payment.”
Armed with ‘just-in-time’ claims intelligence based on RelayHealth’s analysis of 2.3 billion financial transactions and connectivity with 1,900 payers, hospitals can now gain actionable visibility into claims that require attention – at precisely the right time. Timeframes for payer responses and claim follow up are intelligently calculated and pushed to the user, empowering staff to focus on claims that need attention. This real-time transparency not only helps drive down administrative costs for providers, but also for payers, who routinely supply information multiple times throughout the claim cycle.
This enhanced claims functionality is available as part of RelayAssurance Plus 5.0. RelayAssurance helps manage all claims, including Medicare, Workers Comp and Property & Casualty, in a single web-based system. With connections to 1,900 health plans, comprehensive and current edits, and user-friendly workflow, users can efficiently manage the claims and remittance process to help keep cash flowing. The intuitive navigation helps minimize training needs and improves staff productivity while an Operational Dashboard and extensive reporting provide actionable data to help further enhance financial performance. RelayAnalytics Pulse™, RelayAnalytics™ Acuity and RelayAnalytics Spectrum™ utilize RelayAssurance data for comparative analysis to peers on key performance indicators, strategic decision making, and departmental and employee performance monitoring on the go.
To take the first step towards gaining improved visibility into claims processing and further streamlining your revenue cycle management, contact a RelayHealth Solutions Advisor at 800-752-4143.
For more information on McKesson RelayHealth Financial’s 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.
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About McKesson 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.
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, RelayAssurance