This Day On The Street
Continue to site right-arrow
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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Riverside Medical Group Selects Athenahealth To Manage Patient Claims

Stocks in this article: ATHN

WATERTOWN, Mass. and NEWPORT NEWS, Va., Oct. 16, 2013 (GLOBE NEWSWIRE) -- athenahealth, Inc. (Nasdaq:ATHN), a leading provider of cloud-based services for electronic health record ( EHR), practice management , and care coordination, today announced that Riverside Medical Group (RMG), a division of Riverside Health System, will use athenahealth's premiere tool for billing and practice management, athenaCollector®.

Riverside, a longtime innovator in health care delivery and an early adopter of electronic health records, will leverage athenaCollector to get its medical billing claims paid faster and easier. As one of the most diverse multi-specialty group practices in Virginia, RMG required a financial tool that would streamline its collections and seamlessly integrate with its existing IT infrastructure for over 300 physicians who practice at 117 locations.

"We're constantly looking for what's next in meaningful technologies and better workflow processes," said Bill Austin, Chief Financial Officer of Riverside Health System. "Partnering with athenahealth is a strategic investment that will enable us to process and collect on claims in the most efficient way. The value of a cloud-based system goes beyond implementation ease; with athenaCollector, we'll benefit from network knowledge, knowing that learning and insight gleaned from other practices that use athenaCollector will come our way and inform our workflow."

Today, athenaCollector is used to process more than $11 billion in client collections per year. On average, practices using athenaCollector see a 29 percent reduction in their days in accounts receivable and an 8 percent increase in collections*. athenaCollector will streamline billing across RMG's diverse care settings and teams, allowing its leadership to efficiently assess, plan, and improve practice performance while increasing revenue potential.

Said athenahealth Chairman and CEO, Jonathan Bush, "We're delighted that an organization with a similarly pioneering spirit has chosen athenahealth to take on its billing and claims processing workflow. RMG has always been on the forefront of medical care, and our cloud-based services will ensure that its focus stays where it should, on patient care."

1 of 2

Select the service that is right for you!

Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,804.80 +26.65 0.15%
S&P 500 2,070.65 +9.42 0.46%
NASDAQ 4,765.38 +16.9840 0.36%

Brokerage Partners

Rates from

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs