University Hospitals Goes Live on Soarian Financials
September 25, 2006
University Hospitals Goes Live on Soarian Financials. Check it out:MALVERN, Pa. --(Business Wire)-- Siemens Medical Solutions (www.usa.siemens.com/medical) and University Hospitals (UH), Cleveland, Ohio, announce that two facilities within UH have recently gone live on Soarian Financials, Siemens revenue cycle management solution. Brown Memorial Hospital (Conneaut, Ohio) and Memorial Hospital of Geneva (Geneva, Ohio) converted three million patient records and 10 years worth of visit details into the new system.
Soarian Financials is a new generation information technology (IT) solution designed to streamline revenue cycle management and help manage costs through a holistic, patient-centric, workflow-driven approach. Soarian goes beyond traditional patient management and patient accounting systems. It embeds a contract engine and an enterprise-wide master person index (EMPI) into a comprehensive revenue cycle solution. These capabilities combine with payer edits throughout the revenue cycle workflow to help streamline an organization's processes. Soarian Financials supports performance tracking against the financial goals of the organization through Embedded Analytics. By delegating the right work, to the right person, at the right time and place, Soarian helps an organization improve efficiency, reduce denials, minimize rebilling, reduce accounts receivable days, and lower administrative costs.
"The cutover from our legacy system to Soarian Financials went extremely well," said Liz Novak, vice president, Information Technology and Solutions Transformational Strategies, University Hospitals. "The transition was completed June 1 and our users are actively engaging with the system. The implementation is an important milestone for our organization as it brings the benefits of Soarian to our first two sites and builds the foundation for further deployment across our enterprise."
"We are excited by the positive reception Soarian is receiving at University Hospitals," said Janet Dillione, president, Healthcare IT Division, Siemens Medical Solutions. "With its innovative workflow architecture, Soarian has been designed to help providers manage their revenue cycle more effectively. With Soarian Financials in place, UH is on its way to a more streamlined operation with fewer manual steps, cleaner claims, and more comprehensive and patient-friendly billing."
The unique workflow-based approach to patient access and revenue management evident in Soarian Financials helps healthcare facilities optimize the revenue cycle while improving operational efficiency and patient and user satisfaction. Key functionality includes:
-- Point of Service (POS) processing with the ability to post charges and co-pays, and to generate a POS bill, facilitating upfront collection of self-pay balances
-- Integrated medical necessity processing, which helps reduce denials
-- Encounter preparation work list functions, which help improve the quality of data collected before service, thus reducing denials
-- New reporting capabilities, including billing exception and secondary business office effectiveness, improving the convenience of working with reporting output
Soarian integrates clinical, financial and administrative processes to support patient-centered care. By seamlessly integrating all clinical, financial and operational data, Soarian facilitates more informed decision-making - enabling improved care delivery, reduced medical errors, increased physician and patient satisfaction, and more efficient business practices.
UH is Northern Ohio's premier healthcare delivery system, serving patients at more than 150 locations. Committed to advanced care, UH offers the region's largest network of primary care physicians, outpatient centers and hospitals. The system's goal is to provide comprehensive primary and community-based care, as well as access to the highest quality specialty care when necessary.
Siemens Medical Solutions of Siemens AG (NYSE:SI) with headquarters in Malvern, Pennsylvania, and Erlangen, Germany, is one of the largest suppliers to the healthcare industry in the world. The company is known for bringing together innovative medical technologies, healthcare information systems, management consulting, and support services, to help customers achieve tangible, sustainable, clinical and financial outcomes. Employing approximately 33,000 people worldwide and operating in more than 120 countries, Siemens Medical Solutions reported sales of 7.6 billion EUR, orders of 8.6 billion EUR and group profit of 976 million EUR for fiscal 2005. More information can be obtained by visiting www.usa.siemens.com/medical-pressroom.
Related Tags: soarian financials, revenue cycle, siemens medical, university hospitals, medical solutions, soarian
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