Revenue Cycle Management Products and Services
December 2010
With pharmacies representing the second-largest controllable cost driver for hospitals, MedAssets has launched two new Web-based solutions that help healthcare providers control rising pharmacy costs, increase transparency and improve revenue opportunities. CrossWalk Pharmacy automatically links the supply chain with the revenue cycle to access accurate cost and pricing data for pharmacy charges. Strategic Information for Pharmacy helps manage the full cycle of pharmacy spend by identifying savings opportunities and verifying contract pricing discrepancies. It also combines technology and expert consulting advice through MedAssets pharmacy analysts to provide pharmaceutical spend analytics and credit collections.
Premier’s ClinicalAdvisor (CA) offers analysis, benchmarking, consulting, knowledge-sharing and other customized services to help hospitals and health systems close performance gaps. It helps identify these gaps through the use of risk-adjusted outcomes and comparative data, along with cost and clinical resource-utilization information. Enhancements to CA allow users to access revenue audit-contracting reports to identify potential inpatient overpayments prior to RAC audits, allowing for proactive intervention on patient records in case corrections are needed. CA also offers a practitioner profile, providing the ability for online collaboration and dialogue with practitioners, while supporting the Joint Commission’s ongoing professional practice evaluations. Premier
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