Financial Applications to Aid in Reduction of Administrative Costs and Help Streamline Processes for Patients
MALVERN, Pa.--(BUSINESS WIRE)--July 30, 2007--Siemens Medical Solutions USA (www.usa.siemens.com/healthcareit) and Partners
HealthCare, Boston, announced today that Partners will implement Siemens Medical's Soarian(R) Financials patient administration and
revenue cycle management system across its healthcare system. Soarian Financials is a new generation information technology (IT) solution
designed to streamline revenue cycle management and help manage costs through a holistic, patient-centric, workflow-driven approach.
Partners will install the full suite of financial applications, which includes Soarian Scheduling; Decision Support Solutions; Enterprise Document Management; Soarian Community Access; and Healthcare Data
Exchange (HDX), Siemens' payer connectivity service.
Soarian goes beyond traditional patient management and patient accounting systems. It embeds a contract engine and an enterprise-wide
master person index (EMPI) into a comprehensive revenue cycle solution. The solution will help streamline Partners processes, and will support performance tracking against the organization's financial goals through Embedded Analytics.
By delegating the right work to the right person, at the right time and place, Soarian helps organizations improve efficiency, reduce
denials, minimize rebilling, reduce accounts receivable days and lower administrative costs. Partners expects its patients will experience a
more streamlined process for getting a physician appointment and simpler, less confusing billing.
"As we take our investment in a revenue cycle solution to the next level and looked at what the industry had to offer, Siemens'
comprehensive solution set and project approach most clearly met our needs and will support our strategic revenue cycle objectives well
into the future. Soarian's innovative technology, combined with Siemens' healthcare IT domain expertise, are the reasons we chose this as our enterprise-wide system - a scope of implementation that we have not undertaken previously," said Partners Vice President of Finance Peter Markell.
"We're pleased to add Partners to our growing base of Soarian customers, and we look forward to applying our technology and revenue cycle expertise to one of the most sophisticated healthcare systems in
the country," said Janet Dillione, president, Health Services, the Healthcare IT Division of Siemens Medical Solutions. "Optimizing the
revenue cycle is an active process that requires communication, collaboration, and decision-making--across the enterprise. Soarian
helps to eliminate silos, so high-quality financial information flows throughout the organization, enabling better collaboration, and more informed and efficient decision-making."
This agreement builds on the recent announcement between Siemens Medical Solutions and Partners to advance Service-Oriented
Architecture (SOA) in healthcare information technology. That announcement highlighted a strategic collaboration between the two
industry leaders that is expected to deliver new levels of ease-of-use and depth of functionality to the healthcare information technology field.
"Our work with Partners, from revenue cycle optimization to SOA development, is truly cutting edge. The growing pressures on
healthcare providers to manage costs while adopting state-of-the-art information technology demands nothing less than a completely new approach to the development of healthcare IT solutions," stated Dillione. "Siemens is pleased to take a leadership role in this effort and proud to team with Partners to transform ideas into reality."
SOA delivers the capability to individually extend, reuse, and access services - software components that implement a business task
or process. Deploying SOA into complex healthcare processes improves system flexibility and agility and greatly optimizes workflow throughout the healthcare enterprise - while improving the user experience.
About Partners HealthCare
Partners HealthCare is a Boston-based integrated health system founded by Brigham and Women's Hospital and Massachusetts General
Hospital that also includes community and specialty hospitals, community health centers, a physician network, and home health and
long-term care services. Partners is one the nation's leading biomedical research organizations and a principal teaching affiliate
of Harvard Medical School. Partners HealthCare is a nonprofit organization. Further information can be found by visiting
www.partners.org.
About Siemens Medical Solutions
Siemens Medical Solutions of Siemens AG (NYSE:SI) is one of the world's largest suppliers to the healthcare industry. The company is known for bringing together innovative medical technologies,
healthcare information systems, management consulting, and support services, to help customers achieve tangible, sustainable, clinical and financial outcomes. Recent acquisitions in the area of in-vitro
diagnostics - such as Diagnostic Products Corporation and Bayer Diagnostics - mark a significant milestone for Siemens as it becomes
the first full service diagnostics company. Employing more than 41,000 people worldwide and operating in over 130 countries, Siemens Medical
Solutions reported sales of 8.23 billion EUR, orders of 9.33 billion EUR and group profit of 1.06 billion EUR for fiscal 2006 (Sept. 30).
Further information can be found by visiting
www.usa.siemens.com/medical-pressroom.
CONTACT: Siemens Medical Solutions
Michele Bowman, 610-448-3236
[email protected]