Predictive Analytics and Workflow Expand ZirMed’s Next Generation Revenue Cycle and Population Health Solutions
Louisville, KY – September 25, 2014 – ZirMed®, the premier cloud-based enterprise business and clinical performance solution for healthcare, today announced the acquisition of MethodCare, Inc. Chicago-based MethodCare is a leading provider of predictive analytics solutions that increase revenue, maximize operational efficiencies, and provide the advanced analytics to help healthcare organizations achieve financial and clinical excellence.
“MethodCare has achieved exceptional growth among the nation’s top hospitals and health systems by developing robust workflow, automation and real-time analytics that are critical to delivering greater value care,” said Tom Butts, chief executive officer, ZirMed. “By merging MethodCare’s proven predictive analytics offering with ZirMed’s population health and revenue cycle solutions, health care providers can now take advantage of the first true centralized end-to-end performance management platform to streamline operations and support greater strategic, data-driven business decisions.”
MethodCare’s flagship SaaS solutions utilize predictive analytics in the areas of patient access, charge integrity, and reimbursement all centered on a patient’s total episode of care. The solutions pinpoint revenue leakage to identify recoverable missed charges, predict denials and appeal success rates, score patients propensity to pay, flag underpayments, and better manage risk-based contracts—resulting in significant financial performance improvements.
“MethodCare is excited to become a part of ZirMed,” said Jeff Kaplan, co-founder and chief executive officer, MethodCare. “Together, we can accelerate the delivery and breadth of revenue cycle and population health solutions that allow healthcare organizations to achieve improved financial performance and deliver the highest quality patient care. ZirMed is a natural fit for us as we share the same commitment to technology innovation and superior client service.”
ZirMed will expand its presence in Chicago with a new Healthcare Analytics Center of Excellence led by MethodCare’s team of data scientists and business intelligence engineers. MethodCare’s implementation and support teams will continue to operate in Chicago with plans for imminent growth.
The addition of MethodCare and recent acquisition of Intelligent Healthcare, LLC., broaden ZirMed’s suite of solutions and enable healthcare organizations of all sizes and complexity to manage both fee-for-service and value-based care simultaneously, while maximizing revenue, streamlining workflows, and optimizing outcomes.
For over 15 years, ZirMed has been optimizing fee-for-service healthcare business performance for more than 200,000 providers, helping them enhance their revenue cycle and drive bottom-line results. ZirMed offers clients a complete solution that solves key problems ranging from coding issues and claims rejections, to payer and patient reimbursement challenges, revenue leakage, data analysis challenges, and more.
MethodCare is the leading provider of Big Data analytics to help healthcare organizations achieve financial and clinical excellence. Our cloud solutions provide the platform for data integration of all patient accounting and clinical systems, and the advanced analytics to extract actionable insights that improve the revenue cycle and support population health management. MethodCare’s robust workflow and real-time predictive modeling improves patient access, charge integrity, reimbursement, and accurately estimates the health and financial risk of patient populations. Our data-driven method delivers greater revenue, reduces costs and arms healthcare providers with the intelligence to make strategic, proactive decisions that lead to greater value care. For more information, please visit www.methodcare.com.
Founded in 1999, ZirMed is the nation’s only company delivering proven cloud-based business and clinical performance management solutions to meet the challenges of managing population health and optimizing fee-for-service and fee-for-value reimbursements. ZirMed combines innovative software development with the industry’s most advanced transactional network and analytics platform to improve the business and process of healthcare, give organizations a clearer view of their financial and operational performance, and streamline critical connections between providers, patients, and payers. ZirMed’s industry-leading technology and client support have been recognized with awards from KLAS®, Healthcare Informatics, Best of SaaS Showplace (BoSS), and Black Book Rankings. Our nationwide network facilitates, manages, and analyzes billions of healthcare transactions, driving bottom-line performance with population health management, clinical communications, comprehensive analytics, eligibility, claims management, coding compliance, reimbursement management, and patient payment services—including credit card processing, online payments, statements, estimation, and payment plan management. To learn more, visit www.ZirMed.com.