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TransUnion and Benchmark Revenue Management Partner to Deliver Comprehensive Revenue Cycle Offering
Date:7/8/2008

ores why this partnership will be a success. TransUnion shares our view that healthcare professionals simply don't have the time or resources to suffer through long implementation processes and huge learning curves. With our workflow and productivity advantages, and TransUnion's revenue cycle platform and analytic capabilities, a hospital will see substantial revenue improvement in a very short period of time. We think that's just what hospitals need today."

TransUnion's Revenue Manager instantaneously verifies patient identity and self-reported information at registration, and performs calculations based on patient information and eligibility requirements to pre-qualify applicants and their family members for optimal financial assistance programs. Patient demographic information is pre-populated on all enrollment forms; ready for immediate printing, signature and submission.

Additional benefits of TransUnion Revenue Manager include:

-- Verifies patient identity, insurance eligibility, and inaccuracies from self reported data.

-- Identifies opportunities to assist patients at the time of service through front-end integration within registration system.

-- Tracks, stores and provides audit-ready documentation of charity care.

-- Determines patient financial status for each hospital visit to eliminate the possibility of providing charity care to those who no longer qualify while easily validating those that are still eligible.

-- Reduces the potential for quarterly/year-end financial surprises and provides hospitals with the ability to modify charity policies throughout the year to stay compliant with federal, state, and local guidelines, specifically the new IRS required Form 990, Schedule H.

-- Pursues multiple financial assistance opportunities concurrently, providing significant labor savings to hospitals; reducing staff time spent gathering data and filling out forms.

Benchmark helps hospitals become
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SOURCE TransUnion
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