Great Falls, VA (PRWEB) July 1, 2008
DSH Management Solutions, LLC announced a DSH/340B Management agreement with one of the prominent regional referral centers in the country. DMS will provide consulting services for the Federal Disproportionate Share and HRSA 340B Outpatient Pharmacy Cost Reduction programs.
The facility's CFO, noted that, "We believe that working together with DSH Management Solutions will ensure that our facility obtains the full amount of supplemental Federal reimbursement and pharmaceutical cost savings befitting a hospital that serves a large percentage of low-income and poor health status individuals. This partnership will provide directly accretive material and quantifiable financial benefits to the Medical Center and its physicians while enhancing our ability to manage the financial/medical benefits of this historically underserved patient demographic stratum."
Robert Gricius, President of DSH Mgmt Solutions, LLC, said, "We are honored to be working with a nationally recognized regional referral center and believe we can add significant, measurable value to the center, their patients, physicians, and to the community as a whole. We recognize the financial challenges facing hospitals across the country, especially in Tennessee, from severe reductions in Title XIX membership, declining reimbursement levels from all payers and increasing amounts of charity care. We believe that MDSS®, our proprietary full-cycle DSH/340B management solution, can provide hospitals with a tool to pro-actively manage these programs in order to obtain the full measure of financial consideration due them."
James E. Byrd, Vice President, THA Solutions Group remarked that, "We are pleased that one of our member hospitals will be teaming with our newest Recommended Solution vendor to take advantage of their industry leading DSH/340B management program. We continue to seek out high-quality, service-focused vendors to meet the pressing financial needs faced by our members in these uncertain financial times."
William F. Jacobs, President of WFJ Associates, noted, "We are looking forward to expanding our representation of DSH Mgmt Solutions in the Northeast, Mid-Atlantic, Southern and Western United States. We believe their integrated solution for this critically important financial niche market is without peer in the industry."
DMS's (http://www.dshmgmtsys.com) MDSS® software suite is the industry leading DSH/340B focused integrated solution. It is a remote hosted, HIPAA compliant, 256-bit SSL secure system available as a stand-alone product that can be leased and operated by hospital clients, serve as the basis for partial or complete outsourcing of DSH/340B management services, or used by DMS in a consulting engagement. The system cross references and integrates current and historical hospital data, real-time regional and national Title XIX, XVIII and XVI eligibility/entitlement/claims data; state-wide public discharge databases, and federal/state regulatory driven mandated benefit coverage rules-based tables.