KANSAS CITY, Mo. and ROSEVILLE, Calif., March 4, 2013 (GLOBE NEWSWIRE) -- Today, Adventist Health announced it will transition responsibility for its revenue management services to Cerner Corp. (Nasdaq:CERN). The health system's hospitals, clinics, and home health services represent more than $2.7 billion of annual revenue. This strategic alignment between Cerner and Adventist Health expands on the 2012 selection of Cerner to provide an integrated revenue cycle platform across Adventist Health's acute, ambulatory and post-acute venues. The new agreement covers the transition of Adventist Health's revenue management services to Cerner to improve end-to-end revenue management across the entire Adventist Health organization.
Adventist Health made a strategic decision in 2012 to standardize, modernize and consolidate its system-wide revenue management functions and sought out Cerner because of Cerner's ability to marry technology with people and business processes.
"To achieve this goal, we are teaming up with Cerner to create an innovative approach for our revenue cycle operations. This expanded partnership builds upon our decade-plus relationship with Cerner and allows us to leverage a single platform, ensure consistency in our revenue management operations, and reach top quartile--or better--performance in the industry," said Robert Carmen, president and CEO of Adventist Health. "Our patients, communities and employees will benefit by this shared vision that advances the quality of care and improves the patient experience."The partnership also will focus on decreasing variability and driving best practices through the standardization of revenue management technologies and business processes, as well as fostering discovery and innovation on Adventist Health's journey to population health. Ultimately, this alignment allows for continuous innovation of software and revenue management workflows to address both current and future reimbursement models. "The landscape of health care and our country's current delivery system, payment mechanisms and regulatory footprint are undergoing a dramatic change that will challenge providers in ways never imagined even a few short years ago," said Neal Patterson,co-founder, chairman, CEO and president of Cerner. "Adventist Health is a leader in the health care industry. We look forward to serving as their strategic advisor as they face new challenges and innovate for new models of health care."
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV