Medical University of South Carolina to Revamp Revenue Management System
- By Dian Schaffhauser
The Medical University of South Carolina will be replacing its legacy revenue management systems with Horizon Enterprise Revenue Management from McKesson. A suite of applications will provide patient self-service functions, business management for billing, and access management for collecting information related to patient treatment and billing.
"As we sought to improve our revenue cycle process, it was imperative that we invest in a system that not only streamlines those processes, but also elevates the already high-quality care that we provide to patients," said Frank Clark, CIO and vice president for IT. "Having successfully partnered with McKesson in the past to implement an array of healthcare solutions, including our advanced clinicals, we've eagerly followed the development of Horizon Enterprise Revenue Management. Once fully deployed, we're confident that we'll be better equipped to address our most pressing revenue management challenges."
That includes streamlining administrative tasks previously performed after patient discharge, such as insurance verification and collection of co-payments. With the new applications, these functions can be carried out during patient registration, reducing the timeline for filing a claim for reimbursement.
"By helping us streamline our revenue collection process, McKesson's technology helps to ensure that we can deliver medical care that is both more efficient and more effective in meeting the needs of our patients," added Clark.
MUSC will begin implementing Horizon Enterprise Revenue Management later this year. As a result, the health system said in a statement, it expects to achieve significant reductions in bad debt and the number of days in accounts receivable.
Dian Schaffhauser is a senior contributing editor for 1105 Media's education publications THE Journal and Campus Technology. She can be reached at email@example.com or on Twitter @schaffhauser.