Waltham, MA (PRWEB) October 23, 2014
Connance, Inc. (http://www.connance.com), the industry’s premier source of predictive analytic technology solutions that optimize financial and clinical workflows, today announced that DeKalb Regional Health System (DeKalb Medical), a 627-bed health system in Georgia, has selected Connance's Patient-Pay Optimization program to help increase cash, lower costs, improve productivity and enhance their patient's experience.
"ACA, IRS 501r regs, and increases in high deductible health plans have us rethinking how we approach the revenue cycle. We have to get smarter and more efficient,” said Jeff Korn, Executive Director, Revenue Cycle, DeKalb Medical in Atlanta. “With Connance's predictive analytics, workflow and best practices, we will be better able to determine where to invest our resources on activity that will be the most valuable to the organization, our patients and the community.”
DeKalb Medical expects to optimize its patient-pay processes such that the organization’s resources are efficiently focused on the activities that will create the greatest value for the organization while supporting patient satisfaction with the billing process. Typically, Connance programs deliver increases of 10% - 30% in self-pay cash collections, up to 25% reductions in costs, significant reductions in commissions paid, appropriate allocation of community benefit and corresponding reductions in bad debt.
"We are proud to have been selected to partner with yet another leading organization like DeKalb Medical," said Steve Levin, CEO, Connance. "The changing reimbursement environment is putting a premium on working in smarter and more patient-friendly manners. These trends have contributed to a record pace of deployments and to continued expansion and innovation of our solutions."
About DeKalb Medical
Founded in 1961, DeKalb Regional Health System, Inc., known as DeKalb Medical, is comprised of more than 800 doctors skilled in 55 medical specialties across three campuses. The 627-bed system includes DeKalb Medical at North Decatur (451 beds), DeKalb Medical Long Term Acute Care at Downtown Decatur (77 beds), DeKalb Medical at Hillandale (100 beds), DeKalb Medical Physicians Group and the DeKalb Medical Foundation. The not-for-profit health care system is a HealthGrades® Five-Star Recipient for Treatment of Heart Attack in 2013 and Five-Star Recipient for Peripheral Vascular Bypass in 2012, and earned the Get With The Guidelines®–Stroke Silver Quality Achievement Award from the American Heart/American Stroke Association. Our Maternity Center was selected as a participant in the Best Fed Beginnings project as part of UNICEF/WHO’s Baby-Friendly Hospital Initiative. Our Cancer Center received the Outstanding Achievement Award and is granted three-year approval by The Commission on Cancer of the American College of Surgeons as a community hospital comprehensive oncology program. Our Joint Solutions Center is a metro Atlanta leader in joint replacement. In addition, our LTAC earned The Joint Commission’s Gold Seal of Approval® for acquired brain injury, wound care and respiratory failure services. Visit http://www.dekalbmedical.org.
About Connance, Inc.
Connance is the industry’s premier source of predictive analytic technology solutions that enable hospitals, physician groups and outsourcing organizations to optimize financial and clinical workflows for sustained performance improvement. Connance revenue cycle, revenue enhancement and population health solutions combine an organization’s existing technology and resources with proven web-based predictive analytics and workflow technology to improve net income, reduce costs and enhance the patient experience. Connance is redefining workflow optimization of the healthcare enterprise. For more information call (781) 577-5000 or visit http://www.connance.com.