Strategic Partnership Will Enable Outpatient Providers to be More Efficient and Profitable While Increasing Transparency for Patients
BIRMINGHAM, AL May 26, 2016 – Change Healthcare, a leading provider of software and analytics, network solutions and technology-enabled services designed to enable smarter healthcare, today announced it entered into a strategic channel partnership with SourceMed, the nation’s leading provider of outpatient software solutions and revenue
cycle management services that empower ambulatory surgery centers, specialty hospitals and rehabilitation clinics to optimize revenue, operational efficiency and compliance.
Change Healthcare and SourceMed are collaborating to provide solutions that drive automation and improve back office billing processes, allowing healthcare organizations to enhance patient and referral relationships as well as operate more efficiently.
The integration of Change Healthcare’s Revenue Performance Advisor solution (formerly Emdeon One) with EASE Eligibility workflow functionality and SourceMed’s practice management solutions results in the elimination of many manual processes and automates revenue cycle workflows, helping to enable providers to be more efficient and profitable.
“Improved visibility throughout the lifecycle of a claim delivers greater insights into patient responsibility, increasing collection rates, reducing accounts receivable days outstanding and providing more visibility into an organization’s overall business performance,” says Kris Joshi, executive vice president for Change Healthcare. “The workflow and productivity gained from these more tightly integrated solutions will create efficiencies throughout the revenue cycle.”
This strategic partnership is based on the understanding that providers are better served when their needs for practice management, billing and revenue cycle solutions are seamlessly integrated. Leveraging the leading solutions of SourceMed and Change Healthcare in these respective areas creates a unique and differentiated value proposition for ambulatory providers.
“Outpatient providers such as rehabilitation therapy and ambulatory surgery centers are facing increasing pressures to process billing and collections from multiple diverse entities,” says Kareem Saad, executive vice president of strategy and business development for SourceMed. “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.”
“This multifaceted relationship demonstrates Change Healthcare’s and SourceMed’s joint vision to address the critical challenges facing outpatient healthcare providers,” said Dr. James Coffin, chief executive officer for SourceMed. “We believe technology solutions should work across vendors and deliver automation, transparency and actionable insights.”
To learn more about how Change Healthcare and SourceMed are automating workflows and allowing providers to manage billing and claims processing from a single platform please visit https://www.changehealthcare.com/solutions/providers.
Visit the SourceMed blog for more details on SourceMed and Change Healthcare's integration.
SourceMed is the largest provider of outpatient information solutions and revenue cycle services for ASCs, specialty hospitals and rehabilitation clinics. With over 31 years of industry experience and the confidence of more than 250 consultants and management companies, SourceMed’s software, analytics and professional services give providers the insight to deliver a higher standard of patient care. Their integrated solutions capture, exchange and analyze data enabling more than 6,500 outpatient facilities nationwide to optimize revenue, operational efficiency and compliance. Learn more at: www.sourcemed.net.
About Change Healthcare
Change Healthcare is a leading provider of software and analytics, network solutions and technology-enabled services designed to enable smarter healthcare. By leveraging our Intelligent Healthcare Network™ – the single largest financial and administrative network in the United States healthcare system – payers, providers and pharmacies are able to improve efficiency, reduce costs, increase cash flow and more effectively manage complex workflows. Learn more at www.changehealthcare.com.
SourceMed Media Contact:
Verna Grayce Chao
Chief Marketing Officer
Change Healthcare Contact:
Senior Vice President, Corporate Communications and Investor Relations