ATLANTA, Oct. 3, 2012 /PRNewswire/ -- Optimal Radiology, a provider of professional radiology solutions to hospitals, plans to consolidate its billing operations with McKesson Revenue Management Solutions (RMS). The Homewood, Alabama-based organization previously relied on two outsourced vendors to meet billing requirements for 77 physicians working at 14 hospitals in Florida, Georgia, South Carolina, Pennsylvania and Texas. Working with McKesson, Optimal expects to achieve more consistent and comprehensive business reporting that can be used to improve collections and drive better financial outcomes.
McKesson will provide Optimal's physicians with a full range of revenue management services, including coding, charge entry, claims submission and follow-up, denial management, ongoing documentation education, compliance safeguards, and business intelligence.
"We were impressed with the scope of McKesson's national operations and its stellar reputation, not only in radiology but across all physician specialties," said Alan Taylor, Optimal's chief operating officer. "With McKesson in charge of our billing, we can focus on client needs and continuing to grow our business."
McKesson's detailed business reporting capabilities include McKesson Practice Focus™. The web-based application enables managers to develop custom reports, helping organizations to more readily identify and act on key business trends.
Taylor added that Optimal's staff is also enthusiastic about McKesson's capabilities for assisting in the review and re-negotiation of managed care contracts, as well as its automated tools for monitoring payer contract compliance. "McKesson's experience with the national payer market will help us better understand and respond to our local market and reach more positive outcomes from complex managed care contract negotiations," said Taylor.
"This new agreement with Optimal underscores our ability to meet the complex needs of an organization with multi-state, multi-site facilities," said Pat Leonard, senior vice president and general manager, McKesson RMS. "We are confident that our range of services and capabilities, along with state-specific payer knowledge and expertise, is unsurpassed in the industry."
Leonard added that McKesson's partnerships with Optimal and other progressive physician groups across the country support the company's Better Health 2020™ initiative. Better Health 2020 is designed to provide the capabilities needed to reduce costs, improve financial performance and successfully manage complex payment models.
McKesson RMS is a leading provider of medical billing and practice management services, with a team of more than 4,000 experienced revenue cycle professionals. The services are uniquely designed to help practices improve efficiency and grow revenues while staying current with the latest regulatory requirements.
About Optimal Radiology
Optimal Radiology is a leading provider of professional radiology solutions to hospitals and healthcare providers throughout the United States. Through its nationally recognized quality program, industry-leading systems and processes, and a nationwide network of board certified radiologists, Optimal helps transform imaging departments - creating unique solutions that elevate performance and deliver lasting results. http://www.optimalradiology.com/
McKesson Corporation, currently ranked 14th on the FORTUNE 500, is a healthcare services and information technology company dedicated to making the business of healthcare run better. We partner with payers, hospitals, physician offices, pharmacies, pharmaceutical companies and others across the spectrum of care to build healthier organizations that deliver better care to patients in every setting. McKesson helps its customers improve their financial, operational, and clinical performance with solutions that include pharmaceutical and medical-surgical supply management, healthcare information technology, and business and clinical services. For more information, visit http://www.mckesson.com.
SOURCE Optimal Radiology