ORLANDO, Fla., June 27, 2011 /PRNewswire via COMTEX/ — NEWS FACTS:
Allscripts (NASDAQ: MDRX) will introduce attendees at the Healthcare Financial Management Association (HFMA) 2011 national conference to Allscripts RCM Services(TM), the industry’s first end-to-end, integrated, pay-as-you-go financial and administrative management solution designed to optimize the physician practice revenue cycle.
Allscripts RCM Services provides physician practices of every size and specialty with a complete outsourced business office that is paid for on an ongoing basis, as a percentage of their monthly collections. The turnkey, full-service billing and settlement solution integrates the market-leading Allscripts practice management technology with professional services and a full claims management, patient payment and clearinghouse suite.
A cloud-based business solution requiring no new hardware or up-front costs, Allscripts RCM Services manages the entire revenue cycle continuum, from operational planning to scheduling to final collections and denials management-all working in synch to drive out costs and drive in cash flow. Allscripts RCM Services leverages the Allscripts solution set along with the company’s proven expertise in revenue cycle management:
- Practice Management technology used by more than 100,000 U.S. physicians and staff, and integrated with the nation’s leading Electronic Health Record
- The No. 1 physician-facing claims management, patient payment and clearinghouse suite, managing over 300 million claims each year at a 98-percent first-pass rate
- Experienced healthcare consultants and services
- Medical billing, coding and collection professionals
- Add-on solutions including patient portal, on-line bill pay, financial decision support and clinical and industry-leading operational analytics
In addition to its solutions for the physician office, Allscripts will also showcase at HFMA its full line of hospital revenue cycle solutions including Sunrise Financial Manager(TM), as well as the “HFMA Peer Reviewed” Sunrise EPSi(TM) business decision support and performance management solution.
Sunrise Financial Manager(TM) delivers end-to-end management of the revenue cycle and infuses automated workflow into every aspect of the business office for those hospitals that maintain their own records as opposed to outsourcing billings and collections. The full suite of solutions is integrated with Sunrise Clinical Manager(TM), the Allscripts acute care Electronic Health Record. Sunrise Financial Manager promotes compliance, billing and collections accuracy, and revenue cycle optimization through process automation and visual workflow powered by Sunrise Visual Workflow(TM). As a result, hospitals receive a single, seamless solution for both institutional and professional billing and receivables management.
The flexible Allscripts platform enables the company to continually evolve its Revenue Cycle solutions to support transformations in healthcare such as bundled payments, accountable care organizations and general reimbursement reform.
One of the requirements from healthcare organizations is an integrated set of tools for forecasting that leads to documented performance improvement. Sunrise EPSi combines financial and clinical information to identify opportunities for growth or re-engineering. Sunrise EPSi leverages web-based technology to provide anytime desktop access to critical management information, empowering decision makers from senior management to departmental managers to take control of financial, clinical and operational performance.
HFMA’s 2011 ANI: The Healthcare Finance Conference is June 26-29, 2011 in Orlando, Florida at the Gaylord Palms Resort and Convention Center. Allscripts will be exhibiting and taking meetings at booth #1021 during scheduled expo hours. To request a meeting at the show with Allscripts, contact firstname.lastname@example.org.
“Healthcare professionals know Allscripts as the Electronic Health Record leader for hospitals and physicians, but we’ve also been helping our clients profitably manage the business of healthcare for over 30 years with our hospital performance management and physician revenue cycle management solutions,” said Glen Tullman, Chief Executive Officer of Allscripts. “RCM Services is our answer to the increasing financial pressure on physician practices, an increasing number of which are now hospital-owned, and the shift to value-driven care that requires tightly aligned clinical and financial outcomes.”
Allscripts (NASDAQ: MDRX) provides innovative solutions that empower all stakeholders across the healthcare continuum to use information insights to deliver world-class outcomes. The company’s Electronic Health Record, Computerized Physician Order Entry and other clinical, financial, connectivity and information solutions for hospitals, physicians and post-acute organizations are the essential technologies that enable a Connected Community of Health(TM). To learn more about Allscripts, please visit https://www.allscripts.com/, Twitter, Facebook and YouTube.
This press release contains forward-looking statements within the meaning of the federal securities laws. Statements regarding future events or developments, our future performance, as well as management’s expectations, beliefs, intentions, plans, estimates or projections relating to the future are forward-looking statements with the meaning of these laws. These forward-looking statements are subject to a number of risks and uncertainties, some of which are outlined below. As a result, no assurances can be given that any of the events anticipated by the forward-looking statements will transpire or occur, or if any of them do so, what impact they will have on our results of operations or financial condition.
Such risks, uncertainties and other factors include, among other things: the possibility that the expected synergies, efficiencies and cost savings of the merger with Eclipsys Corporation (“Eclipsys”) will not be realized, or will not be realized within the expected time period; potential difficulties or delays in achieving platform and product integration and the connection and movement of data among hospitals, physicians, patients and others; the risk that the Allscripts and Eclipsys businesses will not be integrated successfully; competition within the industries in which we operate; failure to achieve certification under the Health Information Technology for Economic and Clinical Health Act could result in increased development costs, a breach of some customer obligations and could put us at a competitive disadvantage in the marketplace; the volume and timing of systems sales and installations, the length of sales cycles and the installation process and the possibility that our products will not achieve or sustain market acceptance; the timing, cost and success or failure of new product and service introductions, development and product upgrade releases; competitive pressures including product offerings, pricing and promotional activities; our ability to establish and maintain strategic relationships; undetected errors or similar problems in our software products; the outcome of any legal proceeding that has been or may be instituted against us; compliance with existing laws, regulations and industry initiatives and future changes in laws or regulations in the healthcare industry, including possible regulation of our software by the U.S. Food and Drug Administration; the possibility of product-related liabilities; our ability to attract and retain qualified personnel; the implementation and speed of acceptance of the electronic record provisions of the American Recovery and Reinvestment Act of 2009; maintaining our intellectual property rights and litigation involving intellectual property rights; risks related to third-party suppliers and our ability to obtain, use or successfully integrate third-party licensed technology; and breach of our security by third parties. See our Annual Report on Form 10-K for the fiscal year ended May 31, 2010 and other public filings with the SEC for a further discussion of these and other risks and uncertainties applicable to our business. The statements herein speak only as of their date and we undertake no duty to update any forward-looking statement whether as a result of new information, future events or changes in expectations.
SOURCE Allscripts Healthcare Solutions, Inc.