MedAssets Net Revenue Systems Signs Agreement with St. Vincent Catholic Medical Centers for Revenue Cycle Solutions.ATLANTA -- MedAssets Net Revenue Systems announced today that a three year agreement has been signed with St. Vincent Catholic Medical Centers (SVCMC SVCMC Saint Vincent Catholic Medical Centers (New York) ) to implement a suite of products to enhance revenue cycle operations. MedAssets' charge capture auditing tool, CCA (1) (Common Cryptographic Architecture) Cryptography software from IBM for MVS and DOS applications. (2) (Compatible Communications A .Net Pre-bill, will review 100% of detailed patient bills to identify missed and over charges on a pre-bill basis; the strategic pricing tool, CRM.Net, will ensure defendable and compliant pricing of services; and the chargemaster monitoring and maintenance tool, BPI.Net, will maintain the integrity of charge data. MedAssets Net Revenue Systems' products will work with and improve upon SVCMC's existing IT assets. SVCMC, based in New York, NY, includes eight facilities in Manhattan, Staten Island, Queens, Westchester, and Brooklyn. In 2003, SVCMC recorded more than 1,500,000 outpatient visits, 77,000 home care visits and 98,000 inpatient discharges. Its emergency rooms, which include three Level One Trauma centers, received 275,000 visits in that same year. "MedAssets Net Revenue Systems presented the most comprehensive suite of products and services to support our other efforts to improve our revenue cycle operations," stated Tim Weis, CFO See Chief Financial Officer. of Saint Vincent Catholic Medical Centers. "That fact coupled with the experience base and proven capability of MedAssets for other large hospital systems showed us that they clearly best met our needs. We believe MedAssets' retrospective charge capture audit process is comprehensive and will assist us in identifying services being performed where charges are missing." "We are pleased to begin working with St. Vincent Catholic Medical Centers," stated Andrea Fish, vice president, MedAssets Net Revenue Systems. "Utilization of the full suite of products will improve efficiencies and provide standardization of data and practices across multiple facilities." For more information about MedAssets Net Revenue Systems, please visit: www.medassets-nrs.com. About St Vincent Catholic Medical Centers Saint Vincent Catholic Medical Centers (SVCMC) is one of the New York metropolitan area's most comprehensive health care systems. SVCMC was established in 2000 as a result of the merger of Catholic Medical Centers of Brooklyn and Queens, Saint Vincent's Hospital and Medical Center of New York and Sisters of Charity Healthcare on Staten Island. Sponsored by the Roman Catholic Diocese of Brooklyn The Roman Catholic Diocese of Brooklyn, which includes territory that was previously part of the (now) Roman Catholic Archdiocese of New York, was established as a separate diocese in 1853 when Brooklyn was a separate city from New York City. and Sisters of Charity of New York The Sisters of Charity of New York is a congregation of religious women in the Catholic Church whose primary missions are education and nursing and who are dedicated in particular to the service of the poor. , SVCMC serves as the academic medical center of New York Medical College New York Medical College is a center for graduate medical education located in Westchester County, a suburb half an hour north of New York City. This private university comprises the School of Medicine, which grants the M.D. in New York City New York City: see New York, city. New York City City (pop., 2000: 8,008,278), southeastern New York, at the mouth of the Hudson River. The largest city in the U.S. . Over 3,000 physicians are affiliated with the system, which includes comprehensive services for cardiovascular disease, cancer and HIV HIV (Human Immunodeficiency Virus), either of two closely related retroviruses that invade T-helper lymphocytes and are responsible for AIDS. There are two types of HIV: HIV-1 and HIV-2. HIV-1 is responsible for the vast majority of AIDS in the United States. . Clinical trials and research help SVCMC to provide the latest treatments in all medical specialties. The system's mission to treat with respect, integrity compassion and excellence is combined with a system-wide emphasis on technology and quality. Wherever you live or work in the New York metropolitan area New York–Northern New Jersey–Long Island is the most populous metropolitan area in the United States and the third most populous in the world, after Tokyo and Mexico City. , Saint Vincent Catholic Medical Centers can help you and your family with your health care needs. For more information, visit www.svcmc.org. About MedAssets MedAssets, headquartered in Atlanta, Georgia, improves healthcare providers' margin and cash flow through revenue cycle and supply chain initiatives. 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 %. Proprietary information technology is used to work with and improve existing IT assets and work processes. MedAssets, through its revenue cycle subsidiary MedAssets Net Revenue Systems, provides best-of-breed revenue solutions including strategic pricing, pre-bill charge capturing, and ongoing chargemaster management tools. MedAssets, through its supply chain subsidiary, operates the fastest growing group purchasing organization 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. and supply chain services company in the U.S. and builds customized solutions encompassing procurement of common medical supplies, pharmaceuticals, physician preference supplies, and capital equipment. MedAssets serves more than 22,000 healthcare providers nationwide through its revenue cycle and supply chain operations including Atlantic Health System (New Jersey), Banner Health (Arizona), Bon Secours Health System (Maryland), Charleston Area Medical Center Charleston Area Medical Center (CAMC) is the name of a complex of hospitals in Charleston, West Virginia, formed via a merger of previously independent facilities. It is the state's largest hospital. (West Virginia), Christiana Care Health System (Delaware), Inova Health System Inova Health System is a non-profit health organization based in Northern Virginia, USA. Hospitals under Inova provide most of the healthcare needs for citizens in Northern Virginia. The flagship hospital, Inova Fairfax Hospital, has won acclaims as one of the best hospitals in the nation. (Virginia), Main Line Health (Pennsylvania), Memorial Hermann Healthcare System (Texas), North Mississippi Health Services, Rush System for Health (Illinois), St. Joseph Health System (California), Saint Barnabas Health Care System (New Jersey), The University of North Carolina Health Care System, University Hospitals Health System (Ohio), University of Pittsburgh Medical Center The University of Pittsburgh Medical Center (UPMC) is a leading American healthcare provider and institution for medical research. It consistently ranks in US News and World Report's "Honor Roll" of the approximately 15 best hospitals in America. (Pennsylvania), and many others. For more information about MedAssets go to www.medassets.com or contact Gary Johnson, vice president of Marketing and Marketing Services, 100 North Point Center East, Suite 200, Alpharetta, GA 30022. |
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