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

Riverside Medical Group Selects Athenahealth To Manage Patient Claims

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

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


Chart of I:DJI
DOW 17,798.49 -14.90 -0.08%
S&P 500 2,090.11 +1.24 0.06%
NASDAQ 5,127.5250 +11.3820 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs