KANSAS CITY, Mo., April 9, 2015 (GLOBE NEWSWIRE) -- Nicklaus Children's Hospital, formerly Miami Children's Hospital, went live with Cerner's patient accounting solution, which was one of the last steps in the hospital's journey in completing a clinically driven revenue cycle. Nicklaus Children's recently achieved HIMSS stage 6.
With a clinically driven revenue cycle, Nicklaus Children's now connects clinical and financial data across the hospital and has begun to realize specific benefits of a completely integrated system.
"This is the most successful installation I have ever seen," said Edward Martinez, senior vice president and chief information officer, Nicklaus Children's. "Cerner's Patient Accounting solution was the final step in achieving a clinically driven revenue cycle for Nicklaus Children's." Martinez will present on his experience with Cerner's patient accounting in the client achievements space in the Cerner booth (913) at HIMSS15 at 3 p.m. CT on April 14.
Nicklaus Children's has seen measurable benefits since completing the implementation in July, 2014. The team was able to submit claims within five days of the go-live. The hospital saw an immediate improvement in its clean claim rate and identified a three percent increase in cash collections during the six months after go-live, compared to the same six month period of the prior year.
Nicklaus Children's also reported the highest cash collection ever in October, 2014, just three short months post-implementation. Having a completely integrated clinical and financial solution has contributed to the hospital's increased visibility of unbilled charges, allowing it to better manage claims throughout the claim processes.
"We are thrilled with Nicklaus Children's results," said Scott Martin, vice president of Revenue Cycle, Cerner. "Cerner's implementation expertise along with Nicklaus Children's experience and commitment in the adoption of the new workflows and processes resulted in an amazing transition. This implementation showcases the positive outcomes that can be a result of a single platform across clinical and financial functions."
Cerner Patient Accounting provides the foundation for financial management and enables a health care organization to integrate clinical data with the appropriate financial information to manage patient accounting across the continuum of care. It pulls supporting clinical data onto each claim, which can enable the submission of cleaner claims and help create a faster billing and reimbursement cycle.
Cerner's health information technologies connect people, information and systems at more than 18,000 facilities worldwide. Recognized for innovation, Cerner solutions assist clinicians in making care decisions and enable organizations to manage the health of populations. The company also offers an integrated clinical and financial system to help health care organizations manage revenue, as well as a wide range of services to support clients' clinical, financial and operational needs. Cerner's mission is to contribute to the improvement of health care delivery and the health of communities. On February 2, 2015, Cerner Corporation acquired substantially all of the assets, and assumed certain liabilities, of the Siemens Health Services business from Siemens AG. (Nasdaq:CERN). For more information about Cerner, visit cerner.com, read our blog at cerner.com/blog, connect with us on Twitter at twitter.com/cerner and on Facebook at facebook.com/cerner.
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About Nicklaus Children's Hospital
Founded in 1950 by Variety Clubs International, Nicklaus Children's Hospital® – part of Miami Children's Health System–is South Florida's only licensed specialty hospital exclusively for children, with more than 650 attending physicians and over 130 pediatric sub-specialists. The 289-bed hospital is renowned for excellence in all aspects of pediatric medicine with several specialty programs ranked among the best in the nation in 2008, 2009, 2010, 2011, 2012, 2013 and 2014-15 by U.S. News & World Report. The hospital is also home to the largest pediatric teaching program in the southeastern United States and has been designated an American Nurses Credentialing Center (ANCC) Magnet facility, the nursing profession's most prestigious institutional honor. For more information, visit www.mch.com.
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