SEATTLE, June 15 /PRNewswire/ -- As the slumping economy continues to pressure healthcare organizations, more emphasis has been placed on streamlining costs and creating additional efficiencies while continuing to verify patient identity and insurance eligibility and to qualify those in need for charity care or self-pay discounts. To meet the demands of the changing healthcare landscape, TransUnion announced today new enhancements to its patented Revenue Manager(SM) solution at the HFMA's Annual National Institute (ANI) Healthcare Financing Conference.
"For more than 18 months the nation has endured a recession and the negative impact of the economic downturn on hospital balance sheets has been substantial," said Rod Bazzani, executive vice president in TransUnion's healthcare group. "TransUnion's Revenue Manager platform was originally designed to pinpoint inaccurate identity information, to assist patients in qualifying for charity care or other discounts and to help hospital collect on the millions of dollars of bad debt they face each year. As the economy has worsened, TransUnion has made updates to Revenue Manager that should help hospital administrators be even more efficient in key patient qualification, verification and collection processes as their staffs confront higher numbers of uninsured and uninsured patients."
Revenue Manager is an ASP-based technology platform that determines in real time, patient identity and eligibility for financial assistance at the time of registration. With TransUnion's enhancements to Revenue Manager, healthcare administrators will now be able to do the following:
"Another key benefit of the enhancements to Revenue Manager will be seen when the Federal Trade Commission begins enforcement of Red Flags Rules beginning in August of this year," added Bazzani. "Revenue Manager addresses the Red Flag regulatory suggestion to validate patient's identity documentation with external databases, particularly from credit reporting agencies to determine if that identity information has a fraud alert or other warning."
TransUnion Revenue Manager is available to healthcare organizations of all sizes in the United States. For more information on Revenue Manager, stop by Booth #707 at the HFMA's Annual National Institute (ANI) Healthcare Financing Conference or visit the company's Web site at www.transunion.com/healthcare.
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 2,600 employees in more than 25 countries on five continents. www.transunion.com/healthcare
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