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Third Millennium Healthcare Systems Introduces the Electronic Financial Record; New Concept Revolutionizes Healthcare Financial Management.

ATLANTA -- Third Millennium Healthcare Systems introduces the electronic financial record (eFR(TM)) for healthcare revenue management at the 2005 Healthcare Financial Management Association's Annual National Institute and Idea Exchange, June 26-29 in Las Vegas. The electronic financial record is a compilation of the pertinent financial history of a patient account from its inception through its resolution.

Similar in concept to the electronic medical record, the eFR provides a common repository for patient financial data along with workflow tools that can significantly improve productivity and provider financial performance.

"We saw a need in the industry for a comprehensive financial management system that extends beyond legacy applications," explains Dennis Byerly, CEO of Third Millennium Healthcare Systems. "The single biggest problem we've seen is that there are multiple disparate systems in each facility that handle patient financial data and can't communicate with each other. We developed a solution that ties together information that's stored in these separate systems so that our clients can work more efficiently and effectively, while improving revenues and reducing costs."

i.suite(R) eFR is the first system to effectively tie together disconnected financial information, automate account management workflow, and provide a single user interface that connects electronic data, patient demographics and scanned documents. Its capabilities address specific needs that significantly impact providers' financial performance, and provide a way for organizations to eliminate redundancies and lost revenue while reducing their workloads.

About Third Millennium Healthcare Systems, Inc.

Third Millennium Healthcare Systems, Inc. ( provides revenue cycle management software solutions and outsourced services for healthcare organizations. Third Millennium's i.suite(R) solutions efficiently automate rejected/denied claims management, document imaging, claims tracking, workflow, document management, reporting, secondary claims processing and other functions, to increase revenue and decrease operational expenses.
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Publication:Business Wire
Date:Jun 24, 2005
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