SourceMed, an outpatient software solutions and revenue cycle management services' provider, partnered with Change Healthcare to enhance billing processes. Change Healthcare provides software and analytics, network solutions as well as technology-enabled services to healthcare organizations.
Here are five key points:
1. Through the partnership, healthcare organizations, including ASCs, specialty hospitals and rehabilitation clinics, can more efficiently operate, thereby strengthening their patient and referral relationships.
2. SourceMed and Change Healthcare will combine Change Healthcare's Revenue Performance Advisor solution with EASE Eligibility workflow functionality and SourceMed's practice management.
3. The partnership aims to get rid of manual processes and automate revenue cycle work cycles so providers can work efficiently and increase their profitability.
4. As the largest outpatient information solutions and revenue cycle services' provider for ASCs, SourceMed has acquired more than 31 years of healthcare experience.
5. SourceMed's integrated solutions allow more than 6,500 outpatient facilities to improve their operational efficiency and compliance while also driving revenue.
"Outpatient providers such as rehabilitation therapy and ambulatory surgery centers are facing increasing pressures to process billing and collections from multiple diverse entities," said Kareem Saad, SourceMed's executive vice president of strategy and business development. "These organizations need solutions that reduce manual intervention for administrative staff and increase transparency for the patient. This strategic partnership with Change Healthcare will improve patient and provider relationships and keep the focus on successful outcomes versus financial reconciliation."
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