Thomas Jefferson University Hospitals Implements Revenue360® to Combat Claim Denials and Reduce A/R Days

Beaverton, OR (PRWEB) November 30, 2013

The Revenue360 platform works seamlessly with GE Centricity (TM), Thomas Jefferson University’s registration system, providing automated, immediate access to patient insurance eligibility and benefit information. Revenue360's Eligibility Verification module directs registration staff to make the correct decisions upfront, assures the appropriate insurance plan code is selected correctly the first time, coordinates benefit information across carriers and effectively updates the insurance and patient demographic information needed for claims processing.

Thomas Jefferson University Hospitals uses the integrated Revenue360 Pricing Estimator to quickly calculate the patient’s total out-of-pocket portion of medical charges prior to services being rendered. This helps the hospital better communicate with patients while properly setting accurate payment expectations.

Revenue360 enables healthcare providers to transparently integrate and manage multiple revenue cycle processes without disrupting the registration flow. Revenue360 guides and supports patient-facing staff through complex revenue cycle functions, resulting in improved revenue cycle performance, increased staff morale, and increased patient satisfaction.

Established in 1825, Thomas Jefferson University Hospitals delivers major programs in a wide range of clinical specialties. Services are provided at five locations in Pennsylvania and New Jersey. Thomas Jefferson University Hospitals, an academic medical center in partnership with Thomas Jefferson University, provides world class clinical care for patients, and educates tomorrow’s health professionals in a variety of disciplines. Thomas Jefferson University Hospitals expects this investment in Revenue360 technology to increase staff productivity, reduce A/R days, increase cash collections and minimize claim denials and re-processing.

"Revenue360's integrated Eligibility Verification and Pricing Estimator allow us to revolutionize the way we schedule and register patients," said Nancy Rhodes, Vice President Revenue Cycle at Thomas Jefferson University Hospitals. "Through Revenue360 we are now in a position to dramatically improve on our financial objectives while providing a better service to our patients and enhancing processes for our staff. We are happy to be partnering with Provider Advantage to help us achieve our revenue cycle financial objectives.”

About Revenue360®:

Revenue360 helps hospitals Get Paid Faster! By integrating public data into the hospital’s workflow, Revenue360 leads staff to higher point-of-service collections and prevents common errors, resulting in cleaner claims.

Providing customized guidance based on your business rules, Revenue360 simplifies complex processes including: insurance coding, eligibility verification, address and demographic validation, medical necessity, pricing estimation, payment assessment, e-cashiering, and Medicaid and charity assessment.

Revenue360 reduces rework, increases and accelerates total revenue, and improves customer satisfaction through better patient communication.

Learn more at: http://www.Revenue360.net

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