SOURCE: VHA Inc.

June 27, 2011 08:05 ET

VHA Inc. Selects Deloitte for Revenue Cycle Consulting Services

IRVING, TX--(Marketwire - Jun 27, 2011) - VHA Inc., the national health care network that serves more than 1,350 not-for-profit community hospitals, today announced an agreement with Deloitte to offer comprehensive revenue cycle management consulting services to its member health care organizations. This announcement coincided with HFMA's 2011 ANI: The Healthcare Finance Conference, June 26-June 29, 2011, in Orlando, Florida.

Deloitte's end-to-end revenue cycle transformation and related services, which include process redesign, technology enhancement, organization design and performance management services, assist health care organizations in their efforts to achieve financial goals of increased net revenue, cash acceleration and cost reduction. Deloitte is a marketplace leader in helping companies with planning and remediation to meet the deadline for compliance with the ICD-10 diagnostic coding system.

"VHA is joining forces with Deloitte to provide the revenue cycle knowledge and experience that support our strategy to offer our members clear, defined and measurable value. Deloitte's participation in virtually every business and financial issue facing health care institutions today demonstrates their familiarity with the challenges facing our member hospitals. Deloitte is well-positioned to provide invaluable insights, leading practices, and recommendations for developing strategies to deal with today's rapidly changing health care environment," said Amy Anthony, VHA senior vice president. "VHA will also be working with Deloitte to develop complementary tools exclusive to VHA members that help improve revenue cycle performance."

The entire Deloitte revenue cycle management offering will be available to VHA members including:

  • Revenue Cycle Assessment and Transformation
  • Revenue Cycle Tools
  • KPI analytics Performance Monitoring
  • Denials Management Reporting and Monitoring
  • ICD-10 Readiness Assessment and Implementation Assistance
  • Charge Description Master (CDM) Evaluation
  • Extended Business Office Services

"We share VHA's commitment to helping hospitals make strategic, responsible, and profitable business performance improvement decisions," said Karen Matjucha, principal, Deloitte Consulting LLP. "This agreement enables VHA members to work with a single source for integrated revenue cycle solutions to address analytics, process and technology improvements."

About VHA -- VHA Inc., based in Irving, Texas, is a national network of not-for-profit health care organizations that work together to drive maximum savings in the supply chain arena, set new levels of clinical performance and identify and implement best practices to improve operational efficiency and clinical outcomes. In 2010, VHA delivered record savings and value of $1.7 billion to members. Formed in 1977, VHA serves nearly 1,350 not-for-profit hospitals and more than 30,000 non-acute care providers nationwide, coordinating delivery of its programs and services through its 16 regional offices. VHA has been listed as one of the best places to work in health care by Modern Healthcare since 2008 and one of the best places to work in IT by Computer World since 2007.

As used in this document, "Deloitte" means Deloitte LLP and its subsidiaries. Please see www.deloitte.com/about for detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.

Contact Information

  • Contact:

    Marykate Reese
    Public Relations
    Deloitte
    +1 203 257 0452
    Email Contact

    Maxine Levy
    VHA Public Relations
    +1 972 830 7845
    Email Contact