MedAssets Net Revenue Systems Enhances CrossWalk(TM), Offering Customers Improved Data Integrity.ATLANTA -- MedAssets Net Revenue Systems announced today the release of the latest version of CrossWalk(TM), the only technology that automatically and continuously links a healthcare provider's supply cost data to charge data to ensure charges cover costs with a reasonable, payer-compliant mark up. CrossWalk version 2.0 provides greater functionality that will improve hospitals' data integrity and will result in more consistent and controlled billing practices. CrossWalk now offers seamless integration An addition of a new application, routine or device that works smoothly with the existing system. It implies that the new feature or program can be installed and used without problems. Contrast with "transparent," which implies that there is no discernible change after installation. of updated supply charges into each hospital's patient accounting system. This enhancement will facilitate accurate charge capture of high cost medical devices for which prices change frequently. "In a healthcare environment that includes fixed payments for services, providers can potentially experience negative margins on certain cases if the charge versus cost relationship is not monitored," stated David Evans David Evans may mean:
CrossWalk also addresses compliance issues related to over-charging for supplies. "With the rise of consumer driven healthcare, consumers are becoming more aware of and sensitive to what they are paying for their care. A defensible de·fen·si·ble adj. Capable of being defended, protected, or justified: defensible arguments. de·fen mark up strategy for supplies based on acquisition cost makes good business sense and can avert a public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most nightmare for a hospital," Evans said. Other enhancements included in CrossWalk version 2.0: --Non-file purchase tracking - Allows linking to all items including special order, high cost items not included in a hospital's Master Item File --Trending reports - Allows important data trends to be sorted daily, weekly or monthly. --E-mail summary reports - Provides key action items via e-mail on items that may require immediate attention. Initially launched in March 2005, CrossWalk is the keystone key·stone n. 1. Architecture The central wedge-shaped stone of an arch that locks its parts together. Also called headstone. 2. The central supporting element of a whole. of the Merge Technology(TM) platform, MedAssets' suite of revenue cycle, supply chain and decision support applications designed to solve healthcare providers' key operational problems to dramatically improve cash flow from existing operations. To learn more about the steps and benefits to linking supply chain and revenue cycle, visit http://www.hfma.org/education/Audio_Webcast/january24_2006.htm to register for the Healthcare Financial Management Association's Audio Webcast "Linking Supply Chain and Revenue Cycle: The Time Has Come." The date and time for this event is January 24, 2006 from 2:00 - 3:45 p.m. Central Standard Time. About MedAssets MedAssets, headquartered in Atlanta, Georgia, improves healthcare providers' margin and cash flow through revenue cycle and supply chain initiatives and decision support technology and services. As a strategic business partner, MedAssets can replace multiple vendors and decrease supply costs by 3-10 % and increase net patient revenue by 1-3 %. MedAssets Net Revenue Systems provides best-of-breed revenue solutions including strategic pricing, pre-bill charge capturing, and ongoing chargemaster management tools, all of which have been Peer Reviewed by the Healthcare Financial Management Association. MedAssets Net Revenue Systems also offers denials management and a tool to link supply cost data with charge data. MedAssets Supply Chain Systems is one of the fastest growing group purchasing organizations A group purchasing organization is an entity that leverages the purchasing power of a group of businesses to obtain discounts from vendors based on the collective buying power of the GPO members. Many GPOs are funded by administrative fees that are actually paid by the vendors. in the U.S. and builds customized solutions encompassing procurement of common medical supplies, pharmaceuticals, physician preference supplies, food and nutrition Food and Nutrition See also cheese; dining; milk. accubation Rare. the act or habit of reclining at meals. alimentology Medicine. thescience of nutrition. allotriophagy Pathology. items, and capital equipment. The newly formed MedAssets Analytical Systems offers supply chain analytics and decision support tools while clinical and operational consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" are provided through MedAssets' subsidiary, Aspen aspen, in botany aspen: see willow. Aspen, city, United States Aspen (ăs`pən), city (1990 pop. 5,049), alt. 7,850 ft (2,390 m), seat of Pitkin co., S central Colo. Healthcare Metrics. Avega Health Systems, a subsidiary of MedAssets, ranked "Best in KLAS KLAS Keystone Library Automation System " in Business Decision Support - KLAS Enterprises, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control 2005. For more information about MedAssets go to www.medassets.com or contact Gary Johnson Gary Johnson may refer to:
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