LOUISVILLE, K.Y., June 22, 2016 /PRNewswire/ -- (HFMA ANI Booth #825) -- Revenue cycle executives from Baptist Health, a nonprofit health system with seven acute care hospitals and more than 250 outpatient facilities in Kentucky, will be available at the Healthcare Financial Management Association's 2016 National Institute (HFMA ANI 2016) to share how their organization leveraged ZirMed®'s Patient Payments, Eligibility Verification, and Claims Management solutions to boost revenue cycle efficiency, facilitate patient-friendly payments and achieve notable savings.
"The professional practice side of our organization had used ZirMed for years, and it only made sense to unify our billing approach across all Baptist Health facilities," said Donna Ghobadi, Vice President of Revenue Cycle and Managed Care, Baptist Health. "This not only helps reduce the costs associated with maintaining multiple call centers and sending multiple statements, but also simplifies and enhances the patient payment customer experience. Patients now receive consistent messaging and have a one-stop-shop for handling all of their information requests related to billing and collections."
By using ZirMed to proactively manage more than 1.6 million claims annually and correct any issues before claims are submitted to payers, Baptist Health has improved its clean claims rate to more than 98.5% across both the hospital and the medical groups. This automated process helps the organization streamline claims management which annually saves $250,000 in time and resources.
"Baptist Health is an excellent example of how implementing a cohesive enterprise-wide revenue cycle strategy can positively impact an organization's bottom line and improve patient satisfaction," said Tom Butts, Chief Executive Officer, ZirMed. "With the rise in patient financial responsibility, it has become even more crucial for providers to make the collections process as patient-friendly as possible. At ANI, we're excited to share how clients like Baptist Health are achieving cost-savings while also making billing processes more transparent."
With its newly optimized revenue cycle processes, Baptist Health has also seen significant time savings for staff and patients. ZirMed's Eligibility Verification solution gives the organization the ability to instantly check insurance status and benefits and ask for any necessary payment up front. In addition, Baptist Health has substantially reduced the time required to manually post paper remits with ZirMed's EOB Conversion with Payer Lockbox.
ZirMed will showcase its end-to-end platform of cloud-based revenue cycle management solutions at HFMA ANI Booth #825, June 26 - 29 in Las Vegas. To schedule a meeting with a ZirMed or Baptist Health executive at HFMA ANI, please contact Olga Frech at ofrech@ariamarketing.com.
About ZirMed®
ZirMed's comprehensive end-to-end platform of cloud-based revenue cycle management solutions—including patient access, charge integrity, claims management, AR management, patient responsibility, and population health management--empowers healthcare organizations of all sizes and types to optimize value-driven and fee-for-service reimbursements. By combining breakthrough predictive analytics technology with innovative software development and the industry's most advanced transactional network, ZirMed solutions extract actionable insights that improve our clients' revenue cycles while streamlining workflows, increasing operating efficiencies, and driving bottom-line results. ZirMed's technology and client support continue to be honored with top industry awards, including KLAS®, Healthcare Informatics, Best of SaaS Showplace (BoSS), and Black Book Rankings. To learn how ZirMed can help your healthcare organization boost its financial performance in an era of changing reimbursement models and rising operating costs, visit www.ZirMed.com.
Media Contact:
Olga Frech
Aria Marketing for ZirMed
Telephone: (617) 332-9999 x216
E-mail: ofrech@ariamarketing.com
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