Texas Children's Hospital Selects MedeFinance Revenue Cycle Management Solution; ATB Manager Provides Real-Time Business Intelligence on Key Drivers of Revenue Cycle Performance.OAKLAND, Calif. -- Emeryville-based MedeFinance, a leading provider of revenue cycle analytics for the healthcare industry, announced today that Texas Children's Hospital Texas Children's Hospital is an internationally recognized pediatric hospital located in the Texas Medical Center in Houston. With 639 licensed beds and 465 beds in operation, Texas Children's is the largest children's hospital in the United States. , located in Houston Texas, has signed an agreement to implement ATB ATB Antibiotic ATB All The Best ATB Ability to Benefit ATB André Tanneberger (musician) ATB Across the Board ATB Active Time Battle (roleplaying game) ATB All Terrain Bike ATB Alberta Treasury Branches Manager(TM) to monitor and measure key performance metrics Performance metrics are measures of an organizations activities and performance. Performance metrics should support a range of stakeholder needs from customers, shareholders to employees [1]. of the revenue and accounts receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying cycle on a real-time basis. ATB Manager, MedeFinance's web-based business intelligence system currently installed in more than 400 U.S. hospitals, integrates and standardizes financial information and provides real-time revenue cycle performance metrics via the Internet. Prior to working with MedeFinance, data regarding revenue cycle activities was stored in disparate databases throughout the hospital, making it difficult to analyze revenue cycle performance and make effective decisions for optimizing cash flow. ATB Manager will be implemented to provide management with an integrated and value-added technology solution for revenue cycle management. "With MedeFinance's business intelligence solution, we will have a systematic approach to revenue cycle management and be able to proactively analyze and benchmark revenue cycle data and metrics to increase net revenues," stated Donna Poole, Director of Business Services at Texas Children's Hospital. "Real-time access to consolidated data will be invaluable in helping us identify choke points in the revenue cycle so that we can make the best possible decisions toward improving our financial performance." "Texas Children Hospital's selection of MedeFinance's technology validates our integrated approach to revenue cycle management and the growing level of importance healthcare organizations are placing on improving revenue cycle performance," stated Jim Quist, Chairman 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 MedeFinance. "We are excited about our further expansion into the pediatric pediatric /pe·di·at·ric/ (pe?de-at´rik) pertaining to the health of children. pe·di·at·ric adj. Of or relating to pediatrics. hospital sector, and look forward to working with the entire team at Texas Children's Hospital." About Texas Children's Hospital Texas Children's Hospital is an internationally recognized full-care pediatric hospital located in the Texas Medical Center in Houston. The largest pediatric hospital in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , Texas Children's is nationally ranked in the top 5 among children's hospitals. Texas Children's is affiliated with Baylor College of Medicine Baylor College of Medicine is a private medical school located in Houston, Texas, USA on the grounds of the Texas Medical Center. It has been consistently rated the top medical school in Texas and among the best in the United States. and is its primary pediatric training site. The hospital's award-winning medical staff consists of more than 1,580 board-certified, primary-care physicians, pediatric subspecialists, pediatric surgical subspecialists and dentists. In addition, Texas Children's offers a dedicated, highly skilled nursing and support staff of more than 6,000. About MedeFinance MedeFinance is a leading provider of revenue cycle analytics for the healthcare industry. The company is recognized for delivering innovative products and services that improve bottom-line performance and create sustainable value for its clients, which include Kaiser Permanente, Tenet Healthcare Corp., Partners HealthCare, and Triad Healthcare Inc. MedeFinance is a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. based in Emeryville, Calif. To find out more about MedeFinance, visit www.medefinance.com. |
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