RealMed helps AHS Improve Billing Practices and Standardize Processes
LAS VEGAS–(BUSINESS WIRE)– RealMed helped Adventist Health System achieve 17 percent better time-to-payment, automated workflows, and standardization across multiple physician practices and seven central billing offices, according to a case study released today at the Healthcare Information Management Systems Society’s Annual Conference.
Adventist Health System is the focus of the case study, which details how the organization decreased time-to-payment by nine days per month through improved claim denial management, automated workflows and better management of physician practice billing processes using RealMed, an industry leading revenue cycle management solutions provider.
In a time when many hospitals are challenged with inefficient billing processes and disparate IT systems – particularly when integrating new physician practices – Adventist Health System found a solution to help standardize multiple billing offices using a common tool to drive revenue and improve workflow.
“RealMed helped us achieve our business goals,” said Tim Reiner, vice president of revenue cycle management for Adventist Health System. “We were hindered by the inefficiency of inconsistent and manual billing processes, and RealMed helped us overcome these obstacles.”
Adventist Health System, an Altamonte Springs, Fla.-based health care organization with 43 hospitals and 55,000 employees in 10 states, was able to reduce claim denials and lower the average age of accounts receivables with the help of RealMed.
“RealMed not only helps health care providers get paid faster, but is a proven solution to the many challenges facing health care organizations in today’s increasingly complex business environment,” said Russ Thomas, Availity’s chief operating officer and incoming CEO. “We’re proud that Adventist Health System is able to demonstrate and share the value that RealMed offers, so others can also realize these tremendous benefits to organizations of all sizes.”
RealMed, an Availity company, is based in Indianapolis, Ind. It uses the power of automated workflows to connect health plan and practice management systems, facilitating payments and transactions among patients, providers and health plans. RealMed’s combines technology and customer support to maximize revenue, lower operating costs and increase productivity.
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