Catholic Healthcare West Contracts with Medstat for Revenue Cycle Management Solution.Business Editors, Health & Medical Writers ANN ARBOR Ann Arbor, city (1990 pop. 109,592), seat of Washtenaw co., S Mich., on the Huron River; inc. 1851. It is a research and educational center, with a large number of government and industrial research and development firms, many in high-technology fields such as , Mich.--(BUSINESS WIRE)--Feb. 18, 2003 Medstat, a part of The Thomson Corporation (NYSE NYSE See: New York Stock Exchange : TOC: TSX TSX Toronto Stock Exchange (TSE before April, 2002) TSX Transfer from Stack Pointer to Index TSX True Space Extension : TOC), announced today it will provide Catholic Healthcare West Catholic Healthcare West (CHW) is a California not-for-profit public benefit corporation that operates hospitals in California, Arizona, and Nevada[1]. As such, it is exempt from federal and state income taxes. (CHW CHW Chicago White Sox CHW Catholic Healthcare West CHW Children's Hospital at Westmead (Australia) CHW Children's Hospital of Wisconsin CHW Community Health Worker CHW ChileHardware (Spanish website) ), a leading not-for-profit healthcare system which operates 42 acute care hospitals throughout California, Arizona and Nevada, with a comprehensive revenue cycle management solution using its Ascent(R) product. "Our organization is focused on improving our revenue cycle effectiveness," said Rick Canning, CHW Vice President of Administrative Systems. "Ascent's unique, comprehensive solution including workflow management tools and event technology will enable us to address the complexities of the managed care revenue cycle resulting in reduced financial risk, improved cash flow and assurance of monitoring and collecting appropriate reimbursements from managed care plans." "This step represents a significant expansion of our longstanding and highly valued relationship with Catholic Healthcare West," said Rollie Morshead, Medstat Vice President of Financial Management Products. "We are proud that based on our proven performance, CHW will continue to rely on Medstat to carry forward their vision of excellence through teamwork and innovation." Medstat's Ascent system provides revenue cycle management tools including a powerful reimbursement calculator, denial event triggering technology, alert systems to monitor patient accounts, and managed care contract modeling capabilities. Ascent addresses revenue cycle challenges by managing hospital operational, strategic, and workflow processes across the facility's functional areas. Medstat is a healthcare information company that provides market intelligence and benchmark databases, decision support solutions, and research services for managing the cost and quality of healthcare. The company applies these capabilities to improve policy and management decision making for employers, government agencies, health plans, hospitals and provider networks, and pharmaceutical companies. Medstat is a business within the Thomson Corporation. The Thomson Corporation (www.thomson.com), with 2001 revenues of $7.2 billion, is a global leader in providing integrated information solutions to business and professional customers. Thomson provides value-added information, software applications and tools to more than 20 million users in the fields of law, tax, accounting, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. , higher education, reference information, corporate training and assessment, scientific research and healthcare. The Corporation's common shares are listed on the New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Toronto stock exchanges Toronto Stock Exchange (TSE) Canada's largest stock exchange, trading approximately 1,200 company stocks and 33 options. (NYSE:TOC; TSX:TOC). |
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