16.06.2008 12:30:00

Eclipsys Revenue Cycle Solutions Enable WellSpan Health Systems to Improve Cash Flow to 98 Percent of Net Revenue

Eclipsys Corporation® (NASDAQ: ECLP), The Outcomes Company®, today announced that WellSpan Health Systems (Wellspan), a fully integrated health system located in south-central Pennsylvania, has experienced record outcomes after successfully implementing Eclipsys’ Sunrise Access Manager™ and Sunrise Patient Financials™ at its two acute care facilities, York and Gettysburg hospitals. "We selected Eclipsys because they have proven solutions in the marketplace capable of handling any payer contract, plus they give us an unprecedented level of functionality in our patient accounting system,” said Linda Sheaffer, CPAM, CCAM, corporate director of Patient Administration Services. "Before using Eclipsys, we inherently knew money was being left on the table. Now we’ve leveraged technology to develop an integrated process for both of our hospitals and it has enabled us to collect 98 percent of expected net revenue to increase cash for operations and profit to the bottom line.” WellSpan implemented Eclipsys Revenue Cycle solutions at its York Hospital after having long struggled with complex managed care and compliance requirements, coupled with staff-intensive, back-end processes. As a result, the organization had insufficient contract management, long A/R cycles, decreased cash flow and excessive care management administrative processes. After seeing the positive results of that install, the health system extended the implementation to its Gettysburg Hospital. The use of Sunrise Access Manager and Sunrise Patient Financials has enabled both hospitals to streamline patient financial operations, boost employee productivity while ensuring compliance with multiple payer requirements and complex regulatory environments. In addition, WellSpan has realized increased efficiency in its registration process, resulting in cleaner claims and reduced managed care denials. The organization also has significantly increased point of service collections by electronically determining patient co-pays and deductibles. The Eclipsys solutions also are providing WellSpan managers with immediate feedback about organizational operations, with actionable information to improve performance. With Eclipsys Revenue Cycle solutions, WellSpan has seen the following outcomes: Reduced annual net A/R days by combined 28% (46 days at York Hospital; 37 at Gettysburg) Attained highest cash collections ever: 98% on net revenue Reduced managed care denials and write-offs Improved registration quality to 99% through bill edits Increased point-of-service collections 54% to $1.2 million Raised clean-claim throughput to 99% Implemented a combined business office requiring less staff resources "WellSpan is another example of how Eclipsys continues to distinguish itself in the marketplace with a concentrated focus on delivering solutions that can drive measurable outcomes,” said Jay Deady, Eclipsys executive vice president, Client Solutions. "These types of great client results are fueling our strong sales performance and the continued momentum of our revenue cycle business.” About WellSpan Health Systems WellSpan Health is a fully integrated system serving Adams and York counties in Pennsylvania, as well as Northern Maryland. York Hospital is a community teaching hospital and regional referral center for neonatology, behavioral health, trauma, cardiology, orthopedics, neurosurgery and cancer. Gettysburg Hospital is a community hospital specializing in transitional care. The system also includes primary and specialty care offices, ambulatory care and outpatient sites, retail pharmacies, a home health organization and two managed care plans. About Eclipsys Eclipsys is a leading provider of advanced integrated clinical, revenue cycle and access management software, clinical content and professional services that help healthcare organizations improve clinical, financial, operational and client satisfaction outcomes. For more information, see www.eclipsys.com or email info@eclipsys.com. Statements in this news release concerning the benefits provided by Eclipsys software are forward-looking statements and actual results may differ from those projected due to a variety of risks and uncertainties. Implementation and customization of Eclipsys software is complex and time-consuming. Results depend upon a variety of factors and can vary by client. Each client’s circumstances are unique and may include unforeseen issues that make it more difficult than anticipated to implement or derive benefit from software. The success and timeliness of the company’s software and services will depend at least in part upon client involvement, which can be difficult to control. Eclipsys is required to meet specified performance standards, and the contract can be terminated or its scope reduced under certain circumstances. More information about company risks is available in recent Form 10-Q and 10-K filings made by Eclipsys from time to time with the Securities and Exchange Commission. Special attention is directed to the portions of those documents entitled "Risk Factors” and "Management’s Discussion and Analysis of Financial Condition and Results of Operations.” Eclipsys Corporation and The Outcomes Company are registered trademarks of Eclipsys Corporation. Sunrise Access Manager and Sunrise Patient Financials are trademarks of Eclipsys Corporation. Other product and company names in this news release are trademarks and/or registered trademarks of their respective companies.

Nachrichten zu Allscripts Healthcare Solutions Incmehr Nachrichten

26.09.24
NASDAQ Composite Index-Titel Allscripts Healthcare Solutions-Aktie: So viel hätte eine Investition in Allscripts Healthcare Solutions von vor einem Jahr gekostet (finanzen.at)
19.09.24
NASDAQ Composite Index-Papier Allscripts Healthcare Solutions-Aktie: So viel Verlust wäre bei einem Investment in Allscripts Healthcare Solutions von vor 10 Jahren angefallen (finanzen.at)
12.09.24
NASDAQ Composite Index-Titel Allscripts Healthcare Solutions-Aktie: So viel hätten Anleger mit einem Investment in Allscripts Healthcare Solutions von vor 5 Jahren verloren (finanzen.at)
05.09.24
NASDAQ Composite Index-Papier Allscripts Healthcare Solutions-Aktie: So viel hätten Anleger an einem Allscripts Healthcare Solutions-Investment von vor 3 Jahren verloren (finanzen.at)
29.08.24
NASDAQ Composite Index-Papier Allscripts Healthcare Solutions-Aktie: So viel Verlust hätte eine Allscripts Healthcare Solutions-Investition von vor einem Jahr eingebracht (finanzen.at)
22.08.24
NASDAQ Composite Index-Wert Allscripts Healthcare Solutions-Aktie: So viel hätte eine Investition in Allscripts Healthcare Solutions von vor 10 Jahren gekostet (finanzen.at)
15.08.24
NASDAQ Composite Index-Wert Allscripts Healthcare Solutions-Aktie: So viel hätten Anleger an einem Allscripts Healthcare Solutions-Investment von vor 5 Jahren verdient (finanzen.at)
08.08.24
NASDAQ Composite Index-Titel Allscripts Healthcare Solutions-Aktie: So viel Verlust hätte ein Investment in Allscripts Healthcare Solutions von vor 3 Jahren eingebracht (finanzen.at)

Analysen zu Allscripts Healthcare Solutions Incmehr Analysen

Eintrag hinzufügen
Hinweis: Sie möchten dieses Wertpapier günstig handeln? Sparen Sie sich unnötige Gebühren! Bei finanzen.net Brokerage handeln Sie Ihre Wertpapiere für nur 5 Euro Orderprovision* pro Trade? Hier informieren!
Es ist ein Fehler aufgetreten!

Aktien in diesem Artikel

Allscripts Healthcare Solutions Inc 9,00 -2,17% Allscripts Healthcare Solutions Inc