Strategic alliance to improve the front-end administrative operations of U.S. hospitals and dramatically improve hospital revenue cycles.
Cincinnati, Ohio and Beaverton, Oregon (PRWEB) September 18, 2007 -- Provider Advantage (www.provider-advantage.com), a leading healthcare revenue cycle technology company providing real-time healthcare insurance verification services, and Cincom Systems (www.cincom.com), a worldwide software provider, are working together to help hospitals and other healthcare providers to increase their financial performance and improve patient satisfaction by using their combined technologies.
In an agreement reached in August, Cincom and Provider Advantage have created a strategic alliance to develop and market Revenue360â„¢, a revolutionary solution that guides and supports hospital personnel through complex revenue-cycle functions (www.revenue360.net). Using customized scripted questions based on individual hospital business rules, Revenue360â„¢ intuitively guides registration staff through complex revenue cycle processes using modules in one solution such as Eligibility Verification, Demographic Validation, Payment Assessment, Medicaid and Charity Assessment, and Pricing Estimator. Revenue360 enables hospitals to improve their operations while better serving their patients by establishing payment responsibility at the earliest point of patient contact.
"We are excited to be working with Provider Advantage, who have a great pedigree in the healthcare sector, in developing and marketing Revenue360. We believe that healthcare facilities are ready for new solutions which will have significant impacts on their revenue processes and patient satisfaction" says Chris Woodhead, Director Cincom's Intelligent Business Application division.
Revenue360 made its debut and created great excitement at the 2007 NAHAM Conference in Charlotte, N.C. while Provider Advantage and Cincom were still in the midst of alliance negotiations.
"Cincom has a strong reputation for technological prowess. I'm delighted to be able to work with them developing Revenue360 building on the foundation of our Eligibility Verification experience and their Intelligent Guided Registration solution. I believe the result of this joint business and solution development alliance will revolutionize revenue cycle processes. " says Edward L. (Ted) Tomkins, President of Provider Advantage.
For more information regarding Revenue360, visit www.revenue360.net
About Provider Advantage NW, Inc.
Since 1991, Provider Advantage NW, Inc. has been providing innovative products and services to access real time healthcare data. Provider Advantage develops, markets, installs, and supports electronic data interchange (EDI) technologies that allow organizations to obtain, utilize, and manage insurance data to generate operational efficiencies and improve cash flow.
Conforming to the needs of each customer, Provider Advantage's products and services enable organizations to optimize revenues by establishing responsibility for healthcare services. For more information, contact Provider Advantage NW at (800) 203-5465, send an email to [email protected] visit www.provider-advantage.com.
About Cincom Systems
Cincom delivers and supports innovative software and services to simplify complex business processes. For nearly 40 years, we have empowered thousands of clients worldwide to outperform the competition by providing ways to increase revenue, control cost, minimize risk, and achieve rapid ROI. Cincom Intelligent Guided RegistrationTM, Cincom's solution for healthcare providers which enables the correct insurance code to be identified by using a guided process, has been integrated into the new Revenue360 Solution.
For more information about Cincom's products and services, contact Cincom at 1-800-2CINCOM (USA only), send an e-mail to info @ cincom.com, or visit the company's website at www.cincom.com.