Change Healthcare today announced it entered into a strategic channel partnership with SourceMed. The two 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."
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