This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Sacred Heart Health System Expands Use Of MedAssets Revenue Cycle Technology To Improve Upfront Patient Payment And Back End Revenue Capture

MedAssets (NASDAQ: MDAS) today announced that Sacred Heart Health System (Sacred Heart), a three-hospital, not-for-profit health system based in Pensacola, Fla., has expanded its relationship with the company in pursuit of both immediate and long-term improvements in financial performance. Plans call for the healthcare organization to expand the scope of its implementation of MedAssets end-to-end Revenue Cycle Management solutions to increase point of service cash collections while improving payor contract analysis and identifying underpayments to increase net revenue.

“By deploying additional solutions, we expect to strengthen our day-to-day business operations and improve our revenue capture,” said Hugh DePaulis, vice president of finance, Sacred Heart Health System. “The current healthcare environment is driving decreased reimbursements and shrinking margins, so it is crucial to re-evaluate existing revenue cycle processes and apply best practices to generate sustainable improvements in the bottom line. MedAssets expertise in revenue cycle operations and proven ability to deliver measurable and sustainable financial results makes them the right choice in our effort to increase profitability and drive better overall operational performance.”

Improving Revenue Capture for a Stronger Bottom Line

MedAssets will deploy a number of Access Integrity and Reimbursement Integrity solutions throughout the Sacred Heart Health System. CarePricer® was selected to improve the accuracy of patient liability estimates at the point of access to care in order to reduce uncompensated care and bad debt, and to increase cash collection earlier in the revenue cycle. Contract Manager will be deployed to assist Sacred Heart in managing complex payor contracts and better identify underpayments, while Contract Modeler will aid in claims data analysis, payor negotiations and revenue forecasting.

The initiative builds upon Sacred Heart’s use of MedAssets Charge Integrity solutions to drive system-wide standardization of the chargemaster for more accurate and compliant charging protocols, as well as establish defensible and consistent pricing for improved revenue capture and reimbursement.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs