Cerner (NASDAQ: CERN) and MedAssets (NASDAQ: MDAS) announced today the expansion of the companies’ business relationship. Knowledge components of MedAssets Claims Management solution will be embedded within the Cerner® Patient Accounting solution to give Cerner clients significantly enhanced claims processing workflow capabilities, operational efficiencies and optimized payments.
The agreement builds upon the two companies’ reseller agreement, which enables Cerner to market MedAssets end-to-end portfolio of Web-based revenue cycle solutions. It also reflects a mutual commitment to offer interoperable solutions that empower care providers to swiftly adopt the latest revenue cycle technologies in support of improving the efficiency and effectiveness of the healthcare industry.
“Healthcare organizations face the challenge of managing lower and more complex reimbursement models due to health reform and the transition to ICD-10 coding,” said Rick Heise, senior vice president, Revenue Cycle, Cerner. “By embedding proven, best practice claims processing technology within our integrated workflow, we aim to help our clients enhance staff productivity and accountability, improve cash flow and reduce their overall cost-to-collect.”
As Cerner continues to embed best practice services, incorporating MedAssets differentiating rules- and logic-driven technology within the Cerner Patient Accounting workflow provides Cerner clients with enhanced capabilities related to complex payor edits, as well as improved operational efficiencies in the processing and status tracking of claims. These knowledge components of the MedAssets Claims Management solution are expected to seamlessly augment patient accounting workflows to drive automation and establish high-functioning, best practice revenue cycle operations.“The expansion of our relationship with Cerner validates our business model of offering the healthcare market flexible revenue cycle applications that are interoperable with installed clinical and financial enterprise solutions and require low, upfront investment but deliver high value,” said Greg Strobel, president, Revenue Cycle Management, MedAssets. “Embedding Claims Management into Cerner’s workflow provides the opportunity to highlight our extensive staff of revenue cycle experts who provide the latest payor and regulatory edits to help healthcare organizations get paid fairly, in a timely manner, for services rendered.”