Navigation Links
EMH Regional Medical Center Selects TransUnion's Healthcare Revenue Cycle Platform to Help Reduce Its Bad Debt
Date:1/30/2008

CHICAGO, Jan. 30 /PRNewswire/ -- EMH Regional Healthcare System has selected TransUnion's Healthcare Revenue Cycle Platform (HRCP) to help address increasing bad debt and streamline administration of its charity care policy.

The EMH Regional Healthcare System is a 434-bed, non-profit hospital system with campuses in Elyria, Amherst, and Avon, Ohio. For a century, the EMH Regional Healthcare System has served the needs of Lorain County and greater western Cuyahoga County residents. The hospital system recently noticed a margin squeeze as a result of increasing patient liability for services. According to Philip Wells, director of Patient Financial Services, the hospital has experienced 17 percent growth in uncompensated care while reimbursement remained flat over the past two years.

"Over the last two decades, we successfully kept bad debt expense to a minimum," said Wells. "However, recent changes in the local economy and the growing share of patient liability for services resulted in escalating delinquencies. To keep prices competitive while providing the service our patient's have come to expect, we realized that we needed to reduce the financial impact of growing bad debt."

EMH selected TransUnion's HRCP, a Web-based solution that streamlines the hospital's admission processes by helping the staff verify patient identities, make objective payment determinations and match patients with assistance programs and charity care, all at the point of service.

"Although we looked at several solutions, we selected TransUnion's HRCP because we liked its real-time access to data and built-in charity determination," said Wells. "By objectively and quickly identifying those patients who qualify for charity care that would otherwise be considered bad debt at the point of service, we'll benefit in three ways. First, we can protect those unable to pay and our non-profit status. Second, we'll significantly reduce administrative work involved in processing charity applications. Finally, we can identify those with an ability to pay and improve our collections."

EMH also will benefit from reducing returned mail as well. According to Wells, five percent of the population the hospital serves is uninsured, but represents 55 percent of the bad addresses in the hospital's database. By using HRCP, EMH can confirm a patient's identity at the point of service, thereby reducing medical bills sent to wrong addresses and subsequently writing that care off as bad debt. EMH anticipates that it will go live with HRCP in mid-January.

In 2007, EMH Regional Medical Center was honored for the 10th time as one of the nation's 100 Top Hospitals(R) by Solucient(R), part of Thomson Healthcare, a leading provider of information and solutions to improve the cost and quality of health care. The award recognizes hospitals that have achieved excellence in clinical outcomes, patient safety, financial performance, efficiency, and growth in patient volume.

About TransUnion

As a global leader in credit and information management, TransUnion creates advantages for millions of people around the world by gathering, analyzing and delivering information. For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by delivering comprehensive data and advanced analytics and decisioning. For consumers, TransUnion provides the tools, resources and education to help manage their credit health and achieve their financial goals. Through these and other efforts, TransUnion is working to build stronger economies worldwide. Founded in 1968 and headquartered in Chicago, TransUnion employs more than 4,000 employees in more than 30 countries on six continents. http://www.transunion.com/business

Graphics and/or photographs to accompany this release can be obtained by members of the media by contacting Cliff O'Neal (coneal@transunion.com) at 312-985-2540.


'/>"/>
SOURCE TransUnion
Copyright©2008 PR Newswire.
All rights reserved

Related medicine news :

1. ADDA Kicks Off AD/HD Awareness Campaign with Four Regional Conferences Beginning Sept. 29 and Series of Fall Teleclasses
2. Regional Center of Orange County Expands Family Support Resources to Meet Growing Needs
3. Labopharm To Present Poster On Onset Of Analgesic Effect Of Once-Daily Tramadol At Congress Of The European Society Of Regional Anaesthesia And Pain Therapy
4. Northern Michigan Regional Health System Named a Working Mother 100 Best Company - 2007 by Working Mother Magazine
5. Eastern Alliance Insurance Group Appoints Cox Regional Marketing Director for Southeast
6. RESolutions Rapid Enrollment Solutions, LLC Mobilizes Team of Regional Recruitment Specialists(TM)
7. Solano Regional Medical Group and Sutter Regional Medical Foundation Recognized by Integrated Healthcare Association (IHA)
8. ADDA Kicks Off AD/HD Awareness Campaign with Regional Meeting on Oct. 20 in Atlanta, GA
9. Grant Regional Health Center Increases Patient Safety and Pharmacy Efficiency with Omnicell Medication Use Systems
10. University of Missouri Veterinarian Wins Americas Best Vet Honor; Four Regional Winners Also Named
11. Hendricks Regional Health Increases Patient Safety and Pharmacy Efficiency With Omnicell WorkflowRx 5.0
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:2/23/2017)... ... February 23, 2017 , ... Rare Disease Report®, which ... participating in Rare Disease Day events, hosted by the Rare Disease Legislative Advocates ... a website, weekly e-newsletter and quarterly publication, will be conducting interviews with patients ...
(Date:2/23/2017)... ... February 23, 2017 , ... ... content provider for the National Institute for Health and Care Excellence ... organizations in the National Health Service (NHS) to search, order and purchase medical ...
(Date:2/23/2017)... ... 23, 2017 , ... Current Meditation , a new ... throughout the U.S. starting this spring. Current Meditation focuses on “meditation for the ... Current Meditation will be the first meditation concept in the U.S. offering franchising ...
(Date:2/23/2017)... ... February 23, 2017 , ... Top cosmetic and periodontal dentist ... today with a new Indiegogo campaign . Individuals are now able to contribute ... Los Angeles area, either as a participating patient or through an Indiegogo donation. The ...
(Date:2/22/2017)... (PRWEB) , ... February 22, 2017 , ... ... and lobby of a new healthcare contact center in Georgia, PENETRON Specialty Products ... of the nation’s largest healthcare systems recently invested $51 million to purchase and ...
Breaking Medicine News(10 mins):
(Date:2/23/2017)... 2017 On Wednesday, February 22, 2017, ... out of nine sectors finished the trading sessions in green, ... closing. Major US indices were also mixed at the close ... 5,860.63, slightly down by 0.09%; the Dow Jones Industrial Average ... 500 closed at 2,362.82, down 0.11%. This Thursday morning, Stock-Callers.com ...
(Date:2/23/2017)... 2017 ML Capital Group, Inc. (USOTC: MLCG) ... Highlife Tours , a Colorado -based cannabis ... Puration, Inc. (USOTC: PURA) to enter Colorado,s ... Colorado Highlife Tours acquisition announced today is intended to accelerate MLCG,s ... ...
(Date:2/23/2017)... Wash. and VANCOUVER, British Columbia ... (NASDAQ: OGXI ) today announced its year ... In January 2017, OncoGenex, and Achieve Life ... that they have entered into a definitive merger agreement ... transaction. Upon completion of the proposed merger, Achieve,s stockholders ...
Breaking Medicine Technology: