REVENUE CYCLE MANAGEMENT: Health Systems' Success Stories

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Case Studies - Revenue Cycle Management

MedAssets has helped many of our customers decrease supply costs by 3-10% and increase net patient revenue by 1-3%. We have included below a few examples of hospitals and providers where we've been successful in resolving an issue or helping them reach a particular goal. If you would like additional information about how we might assist your organization, or if you'd like to speak with one of MedAssets' customers, please contact us.

Community Health Network realizes $26.7 million in cash improvement with MedAssets Revenue Cycle Consulting Services and technology solutions.

Cooper University Hospital gains more than $43 million through revenue cycle management solutions

Dartmouth-Hitchcock Medical Center improves clean claims rate, reduces A/R days, and improves billing compliance and effectiveness with no increase in revenue cycle FTE resources.

Duke University Health System recovers over $58 million in managed care underpayments

Fox Chase Cancer Center realized a $17.8 million cash improvement

Gwinnett Hospital System identifies $16.3 million in net financial improvement with MedAssets Charge Capture Audit

Ivinson Memorial Hospital’s technology turnaround, MedAssets rebuilt the accounts receivable process by establishing the immediate use of A/R Services for the hospital’s aged A/R accounts. In only a year working with MedAssets, Ivinson Memorial Hospital generated a 193 percent return on its investment.

John Peter Smith Health Network’s increases cash and improves revenue integrity with greater claim accuracy and faster resolution of denials

Maricopa Integrated Health System experiences net revenue improvement of $17.5 million

Memorial Hermann Health System implemented MedAssets Charge Capture Audit, and in just six months saw a 17 percent reduction in A/R days and increased clean claims rates to 73 percent. In 2010, Memorial Hermann was able to achieve $2.4 million in financial improvement.

Meridian Health identifies a 3.6 percent increase in cash collections using MedAssets chargemaster and claims management solutions.

Nebraska Methodist Health System improves patient satisfaction, operational efficiencies, and identifies nearly $2.5 million in patient liability in its outpatient diagnostic facilities upfront cash collection pilot program.

Orlando Health identifies $12.9 million in net benefit with MedAssets Defensible Price Modeling services.

Phoebe Putney Memorial Hospital Identifies $12 Million in Lost Charges

Sutter Health – Sacramento Implements Receivables Management Tools and Collects $78 Million in First Three Months

The Stamford Hospital, after only a year of utilization, captures close to $1 million in net revenue using Charge Capture Audit, just one of MedAssets’ Revenue Optimization Solutions.

Tri City Medical Center’s Payer Payment Variance Analysis Nets $4M in Recoveries

Trinity Health recovers over $3 million in lost revenue by using MedAssets tools daily

Valley Presbyterian Hospital identifies $1.5 million in additional cash flow with MedAssets Patient Liability Estimation solution

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