SOURCE: Cincom Systems

March 12, 2008 13:02 ET

Healthcare Software Application Helps Increase Hospital Cash Flow at Patient Point-of-Service

Cincom Systems, Provider Advantage and Financial Healthcare Systems Partner to Deliver Pricing Estimator

CINCINNATI, OH--(Marketwire - March 12, 2008) - Cincom Systems and Provider Advantage introduce Pricing Estimator, a healthcare software application that enables hospitals to provide patients with meaningful pricing information, assisting in collection efforts at the point-of-service. Through a partnership with Financial Healthcare Systems, LLC (Denver, CO), Pricing Estimator is an integral module of the Cincom and Provider Advantage Revenue360™ solution.

Pricing Estimator interprets and packages pricing recommendations for front-line staff to enable them to diplomatically and effectively request payment based on an accurate estimate and the hospital's policies. According to a recent hfm magazine article, "Consumer-directed health care will make point-of-service collections even more important as insurance deductibles and co-payments increase."

Eases Patient Concern with Accurate Out-of-Pocket Cost Estimates

"Patients don't want to know how much their procedure will cost; they want to know how much it will cost them," said John Mangan, strategic product development manager, Cincom.

Revenue360 -- Enhancing your up-front revenue-cycle related processes

The Revenue360 solution enables healthcare providers to access and fully integrate information from an array of sources so that patient-facing employees can confidently use all revenue cycle related data. Revenue360 integrates disparate revenue-cycle applications and uses appropriate hospital business logic, providing immediate access to complete, accurate and relevant patient information. This translates into increased patient satisfaction, an increased willingness to pay and increased point-of-service collections.

For more information, please visit Code Green: Improving Hospital Patient Access and Revenue Cycle Management.

About Cincom

For nearly 40 years, Cincom's software and services have helped thousands of clients worldwide simplify the management of complex business processes. Cincom specializes in the areas of business where simplification brings the greatest value to managers who want to grow revenue, control costs, minimize risk, and achieve a rapid ROI better than their competitors.

For more information about Cincom's products and services, contact Cincom at 1-800-2CINCOM (USA only), send an e-mail to info@cincom.com, or visit the company's website at www.cincom.com.

About Provider Advantage

Since 1991, Provider Advantage NW, Inc. has been providing innovative products and services to access real time healthcare data. Provider Advantage develops, markets, installs, and supports electronic data interchange (EDI) technologies that allow organizations to obtain, utilize, and manage insurance data to generate operational efficiencies and improve cash flow.

For more information, contact Provider Advantage NW at (800) 203-5465, send an email to info@provider-advantage.com or visit www.provider-advantage.com.

About Financial Healthcare Systems, LLC

Denver-based Financial Healthcare Systems (FHS) provides Internet-based solutions to the healthcare industry's challenges of informing patients about their real-time, out-of-pocket liability prior to treatment. FHS' ACE Logicus™ integrates data from insurance companies and providers, equipping providers with the information they need to transform themselves from patient adversaries to patient advocates. By allowing patients to plan for actual expenses, providers can reduce accounts receivable and improve their cash flow.

For more information, visit www.fhscorp.net or call 303-216-0202.

Contact Information

  • Media Contact:
    Jillian Phelan
    Public Relations Specialist
    Cincom Systems, Inc.
    513-612-2104
    Email Contact