June 05, 2010
/24-7PressRelease/ -- Integrated Revenue Management, Inc, a leading technology, education and consulting firm supporting Hospital Revenue Management initiatives, today announced that West Georgia Health has moved to live production mode on its innovative Performance Management solution, Hospital BPM.
Hospital BPM is an innovative and powerful analytics solution that hospitals use to track and manage vital revenue management initiatives. The solution combines powerful ETL technology with a series of revenue cycle management dashboards. The Dashboards offer financial executives and department managers actionable information presented in a format that hospital finance professionals can easily understand and react to.
West Georgia Health, a leading healthcare provider in GA, has gone into production mode with the new solution.
Said Jack Duffy, Co-Founder of IRM: "This product represents a response to a key need in the industry. Hospital financial executives face two key problems today. Firstly, the volume of data they must analyze and process is increasing exponentially. This deluge of data from disparate sources makes analysis difficult at best. Making informed financial decisions is further complicated by the unstructured nature of hospital financial information. West Georgia is a leading edge system and recognized the benefits of this solution early on. We fully expect them to reap far-reaching financial benefit from using this solution."
Hospital BPM represents the next generation of healthcare reporting technologies. The SaaS model keeps costs down and allows for a rapid adoption across departments. The revenue cycle dashboards transform unstructured data from disparate sources and give the reporting consumers the information they need to make critical and timely decisions.
Said Duffy: "We began the development of this solution as we typically do, with a live customer, satisfying a real and crucial need. West Georgia was one of our early adopters, in addition to Tufts Medical Center. Providers who adopt this type of solution are truly forward-thinking in nature and want to put the information gathered in the revenue cycle to meaningful use.
For more information on the solution or to schedule a demonstration, contact
kmiller@irminconline.com
About Integrated Revenue Management
Integrated Revenue Management (IRM), is a national healthcare education company focused on improving all aspects of revenue cycle management while increasing efficiency, compliance, and sustainable financial stability. IRM's hospital partners conservatively expect to recover annual net income improvements in excess of $225 million over the next 12 months.
Conceived in 1995, founded in 2000, Integrated Revenue Management has assisted hospitals and other healthcare organizations to identify, capture and collect the full value of each service performed.
Integrated Revenue Management is an education, services and technology company that supports hospitals in managing their revenue cycles. For further information, please contact Kevin Miller at 484-341-8171 or visit
www.irminconline.com.
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