Another MEDITECH Hospital Selects HealthShare Technology's Cost Accounting System; HealthShare's Uniquely Affordable Solution to Help Hallmark Achieve Its Cost and Revenue Goals.Business/Technology Editors and Health/Medical Writers ACTON, Mass.--(BW HealthWire)--Dec. 4, 2001 HealthShare Technology, Inc., a leading provider of healthcare software for improving business and clinical performance, announced today that Hallmark hallmark, mark impressed on silverwork or goldwork to signify official approval of the standard of purity of the metal, also called plate mark. The hallmark was introduced by statute in England in 1300 and enforced by the Goldsmiths' Hall, London. Health Corporation selected HealthShare Two(TM) cost accounting software. By using HealthShare Two, Hallmark's data is instantly presented in the format managers need to improve cost performance, enhance payer negotiations, and increase revenue. Hallmark is the most recent of a growing number of hospitals which use MEDITECH as their healthcare information system and added HealthShare Technology's cost accounting decision support software. HealthShare leverages the newest technology to build affordable, powerful solutions used by many of the nation's leading healthcare providers, payers and consultants. "HealthShare's solutions are developed by healthcare experts who clearly understand how we need to use data to improve performance," said Lynne Barletta, senior financial analyst at Hallmark. "Hallmark also spoke with other MEDITECH clients, who like us, had evaluated several options. Not only did we find that they shared our impression of HealthShare's unique advantages, but we also learned that HealthShare had been quickly and easily implemented and integrated with the MEDITECH system. We were also impressed im·press 1 tr.v. im·pressed, im·press·ing, im·press·es 1. To affect strongly, often favorably: by the fact that HealthShare works as a partner to its customers, rather than simply a vendor." Using HealthShare Two, Hallmark can rapidly analyze profitability of service lines, contracts and physicians. HealthShare efficiently organizes the data needed to truly change physician behavior. Payer analyses maximize negotiation leverage by quickly modeling the financial impact of contract terms and potential counteroffers, and then tracking underpayments. As a Web-based system, there is no required hardware or related IT support. "Historically, mid-sized hospitals seeking performance improvements, such as Hallmark, could opt for either very simplistic sim·plism n. The tendency to oversimplify an issue or a problem by ignoring complexities or complications. [French simplisme, from simple, simple, from Old French; see simple systems that lack power and functionality, or very complex systems that are overly costly to purchase, install and maintain," said Richard Siegrist, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of HealthShare Technology. "Now with HealthShare's affordable tools, these hospitals can quickly identify performance opportunities and generate information from data delivered in a format managers can easily interpret and use to implement change. Most reports take only seconds to create and run." About Hallmark Health Corporation One of the leading healthcare organizations in the Greater Boston Greater Boston is the area of the Commonwealth of Massachusetts surrounding the city of Boston, Massachusetts. While Metro Boston tends to be the "Inner Core" surrounding the City of Boston, Greater Boston overlaps the North and South Shores, as well as the MetroWest region. , Mass. area, Hallmark Health Corporation is a not-for-profit Not-for-profit An organization established for charitable, humanitarian, or educational purposes that is exempt from some taxes and in which no one in profits or losses. healthcare service organization that operates Melrose-Wakefield Hospital in Melrose, Lawrence Memorial Hospital in Medford, the Malden Medical Center in Malden, The Lawrence Memorial School of Nursing in Medford and the Tufts University Tufts University, main campus at Medford, Mass.; coeducational; chartered 1852 by Universalists as a college for men. It became a university in 1955. Jackson College, formerly a coordinate undergraduate college for women, merged with the College of Liberal Arts in Family Practice Residency A duration of stay required by state and local laws that entitles a person to the legal protection and benefits provided by applicable statutes. States have required state residency for a variety of rights, including the right to vote, the right to run for public office, the Program At Hallmark Health based in Malden. The company also is a partner in three extended nursing care facilities in Malden, Medford and Stoughton. Hallmark Health Visiting Nurses vis·it·ing nurse n. A registered nurse employed by a public health agency or hospital to promote community health and especially to visit and administer treatment to sick people in their homes. and a number of other clinics and medical facilities provide care to more than 300,000 residents in communities just north of Boston--Malden, Medford, Melrose, Wakefield, Stoneham, Saugus and surrounding sur·round tr.v. sur·round·ed, sur·round·ing, sur·rounds 1. To extend on all sides of simultaneously; encircle. 2. To enclose or confine on all sides so as to bar escape or outside communication. n. communities. About HealthShare Technology, Inc. HealthShare Technology is a leading innovator in providing decision-making tools that help healthcare providers and payers reduce costs, enhance healthcare quality, and improve business and clinical performance. Organizations can quickly perform powerful analyses of their own internal data, as well as detailed competitor evaluations using State and Federal data to evaluate such areas as cost accounting/cost reduction, managed care negotiation, clinical improvement and marketing/planning. HealthShare offers its array of solutions over the Internet or as an in-house software package. Healthplans and hospitals rely on HealthShare's expertise to deliver a turnkey See turnkey system. solution that reduces the cost and maintenance burden on in-house resources. Founded in 1992 by a team of recognized healthcare professionals, HealthShare Technology is based in Acton, Mass. You can visit HealthShare on the Web at www.healthshare.com. HealthShare Two is a trademark of HealthShare Technology, Inc. |
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