What's New
2010-07-07
San Diego, CA, July 8th, 2010 – Integrated Revenue Management, Inc., a leading technology, education, and consulting firm supporting hospital revenue management initiatives, today announced that its innovative web-based solution for proactive revenue cycle management, Hospital BPM, supports the newly announced HFMA MAP Keys for revenue cycle excellence.
Created by healthcare leaders, HFMA’s MAP sets new standards for revenue cycle excellence. It defines the indicators, offers resources to track and improve performance, and honors excellence.
HFMA has worked with many in the industry to develop the Keys. They are defined as a common set of revenue cycle key performance indicators (KPIs). HFMA’s stated purpose for the MAP Keys is to promote the consistent reporting practices and peer-to-peer comparisons needed to achieve significant revenue cycle performance improvement.
Hospital BPM is an innovative and powerful analytics solution that hospitals use to track and manage vital revenue management initiatives. The solution combines powerful ETL technology with a series of revenue cycle management dashboards. The dashboards offer financial executives and department managers actionable information in a format that hospital finance professionals can easily understand and to which they can easily react.
Said Jack Duffy, Co-Founder of IRM, “The MAP Keys recently updated and published by HFMA are a good first step for a hospital in understanding the type and value of information we must track in order to proactively manage the complete revenue cycle. What hospital BPM provides is the mechanism for integrating the disparate data that exists and make actionable the MAP Keys provided by HFMA.
Hospital BPM represents the next generation of revenue cycle reporting technologies. The SaaS model keeps costs down and allows for rapid adoption across departments. The revenue cycle dashboards transform unstructured data from disparate sources and give the reporting consumers the information they need to make critical and timely decisions.
Said Duffy; “Hospital BPM began because our large client base asked us to develop this solution to fill a void that existed in traditional hospital reporting and billing solutions.” You can learn more about this solution at http://www.irminconline.com/services/rms_hbpm.htm.
For more information on the solution or to schedule a demonstration, contact kmiller@irminconline.com.
About Integrated Revenue Management
Integrated Revenue Management (IRM), is a national healthcare education company focused on improving all aspects of revenue cycle management while increasing efficiency, compliance, and sustainable financial stability. IRM's hospital partners conservatively expect to recover annual net income improvements in excess of $225 million over the next 12 months.
Conceived in 1995, founded in 2000, Integrated Revenue Management has assisted hospitals and other healthcare organizations to identify, capture, and collect the full value of each service performed.
For the complete article, click here.
For more information, send email to kmiller@IRMINCONLINE.com.
2010-06-01
West Georgia Health goes live on IRM’s New Hospital BPM Solution
San Diego, CA, May, 3, 2010 — Integrated Revenue Management, Inc, a leading technology, education and consulting firm supporting Hospital Revenue Management initiatives, today announced that West Georgia Health has moved to live production mode on its innovative Performance Management solution, Hospital BPM.
Hospital BPM is an innovative and powerful analytics solution that hospitals use to track and manage vital revenue management initiatives. The solution combines powerful ETL technology with a series of revenue cycle management dashboards. The Dashboards offer financial executives and department managers actionable information presented in a format that hospital finance professionals can easily understand and react to.
West Georgia Health, a leading healthcare provider in GA, has gone into production mode with the new solution.
Said Jack Duffy, Co-Founder of IRM; “This product represents a response to a key need in the industry. Hospital financial executives face 2 key problems today. Firstly, the volume of data they must analyze and process is increasing exponentially. This deluge of data from disparate sources makes analysis difficult at best. Making informed financial decisions is further complicated by the unstructured nature of hospital financial information. West Georgia is a leading edge system and recognized the benefits of this solution early on. We fully expect them to reap far-reaching financial benefit from using this solution.”
Hospital BPM represents the next generation of healthcare reporting technologies. The SaaS model keeps costs down and allows for a rapid adoption across departments. The revenue cycle dashboards transform unstructured data from disparate sources and gives the reporting consumers the information they need to make critical and timely decisions.
Said Duffy; “We began the development of this solution as we typically do, with a live customer, satisfying a real and crucial need. West Georgia was one of our early adopters, in addition to Tufts. Providers who adopt this type of solution are truly forward-thinking in nature and want to put the information gathered in the revenue cycle to meaningful use.
For more information on the solution or to schedule a demonstration, contact kmiller@irminconline.com.
About Integrated Revenue Management
Integrated Revenue Management (IRM), is a national healthcare education company focused on improving all aspects of revenue cycle management while increasing efficiency, compliance, and sustainable financial stability. IRM's hospital partners conservatively expect to recover annual net income improvements in excess of $225 million over the next 12 months.
Conceived in 1995, founded in 2000, Integrated Revenue Management has assisted hospitals and other healthcare organizations to identify, capture and collect the full value of each service performed.
For more information, send email to kmiller@irminconline.com.
2010-03-03
San Diego, CA, March 4, 2010 — Integrated Revenue Management, Inc., a leading technology, education, and consulting firm supporting hospital revenue management initiatives, today announced the releases and general availability of its new software as a service (SaaS) solution, Hospital BPM.
Hospital BPM is an innovative and powerful analytics solution that hospitals use to track and manage vital revenue management initiatives. The solution combines powerful ETL technology with a series of revenue cycle management dashboards. The dashboards offer financial executives and department managers actionable information in a format that hospital finance professionals can easily understand and to which they can easily react.
Said Jack Duffy, Co-Founder of IRM, “This product represents a response to a key need in the industry. Hospital financial executives face two key problems today. Firstly, the volume of data they must analyze and process is increasing exponentially. This deluge of data from disparate sources makes analysis difficult, at best. Making informed financial decisions is further complicated by the unstructured nature of hospital financial information. Combine this systemic problem with a fluid regulatory environment and it makes the job of the hospital finance executive that much more difficult. Reimbursement rules of the road are changing daily and keeping pace with this change is a constant challenge.”
Hospital BPM represents the next generation of healthcare reporting technologies. The SaaS model keeps costs down and allows for rapid adoption across departments. The revenue cycle dashboard transform unstructured data from disparate sources and gives the reporting consumers the information they need to make critical and timely decisions.
Said Duffy; “We began the development of this solution as we typically do, with a live customer, satisfying a real and crucial need. Tufts Medical Center has been our primary beta client. We have worked with Tufts and their needs are quite common. We knew that once we released the solution live with Tufts, we could build upon that experience and release a general solution for the market.
The product is officially generally available. IRM, Inc. is planning a series of webinars and live product demonstrations and will be working with other clients to roll out the system live in production. Learn about the solution at http://www.irminconline.com.
For more information on the solution or to schedule a demonstration, contact Kevin Miller at kmiller@irminconline.com.
About Integrated Revenue Management
Integrated Revenue Management (IRM), is a national healthcare education company focused on improving all aspects of revenue cycle management while increasing efficiency, compliance, and sustainable financial stability. IRM's hospital partners conservatively expect to recover annual net income improvements in excess of $225 million over the next 12 months.
Conceived in 1995, founded in 2000, Integrated Revenue Management has assisted hospitals and other healthcare organizations to identify, capture, and collect the full value of each service performed.
For the complete article, click here.
For more information, send email to kmiller@irminconline.com.
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