ATLANTA, Feb. 11, 2015 (GLOBE NEWSWIRE) -- MedAssets (Nasdaq:MDAS) today announced that HackensackUMC Mountainside, a 365-bed teaching hospital and part of LHP Hospital Group, Inc., has elected to expand and renew its Revenue Cycle Services relationship with the company. In pursuit of elevated financial performance both pre- and post-service, the New Jersey-based organization will adopt use of MedAssets Patient Access Solutions, including expert consulting services, to optimize upfront payments and the patient point-of-service experience. These new services will build upon HackensackUMC Mountainside's ongoing MedAssets Accounts Receivable Services engagement, a full business office outsourcing arrangement that enables fast and efficient conversion of the hospital's accounts receivable (A/R) through onsite and remote billing and collections.
Robust, Complete Collections Services Facilitate Streamlined Operations
To counteract the rising cost of healthcare, high-deductible health plans, which shift more upfront financial obligation to the patient, have grown in popularity. As a result, more dollars are at risk for health systems if they do not provide accurate and easy-to-understand information related to insurance eligibility and financial responsibility before care services are provided. HackensackUMC Mountainside will implement Financial Clearance Center Services from MedAssets to promote more timely and accurate insurance verification, patient liability calculation and upfront collections. Meanwhile, the A/R management services continue to support the teaching hospital in backend collections through performance reporting, prioritizing aged accounts and converting receivables into cash quickly and efficiently.
"We are gratified when valued clients, such as HackensackUMC Mountainside, make an informed decision to entrust us with expanded service engagements," said Amy Amick, president, Revenue Cycle Management, MedAssets. "There is no better testimony to our proven track record and effectiveness. As hospitals continue to face reimbursement challenges, MedAssets offers pragmatic, yet comprehensive services capabilities to enhance revenue cycle operations across the enterprise. Our clients benefit from a well-designed blend of consulting experts and enabling software tools delivered from a single point of accountability."
About Hackensack University Medical Center
HackensackUMC Mountainside, part of the Hackensack University Health Network, provides patients immediate access to innovative and effective treatment alternatives at specialized centers within the hospital that focus on imaging, women's health, cancer care, surgery, obesity, stroke and chronic kidney disease. The 365-bed community hospital also serves as a learning center via its nursing school and residency programs. HackensackUMC Mountainside is designated as a Primary Stroke Center by the New Jersey State Department of Health and Senior Services and is one of only a few community hospitals licensed by the state to perform emergency cardiac angioplasty. To learn more about HackensackUMC Mountainside, visit www.mountainsidehosp.com.
MedAssets (Nasdaq:MDAS) is a healthcare performance improvement company focused on helping providers realize financial and operational gains so they can sustainably serve the needs of their communities. More than 4,500 hospitals and 123,000 non-acute healthcare providers currently use the company's evidence-based solutions, best practice processes and analytics to help reduce the total cost of care, enhance operational efficiency, align clinical delivery and improve revenue performance across the care continuum. For more information, please visit www.medassets.com.