December 11, 2014 (BUSINESS WIRE) – SANTA ROSA, Calif. – Ovation Revenue Cycle Services, a wholly-owned subsidiary of UPMC, is partnering with analytics solutions provider VisiQuate Inc. to offer a powerful combination of revenue cycle software and services to VisiQuate's leading health care clients nationwide.
“We look forward to expanding our collaboration with VisiQuate as we continually look for new ways to improve the efficiency and profitability of our clients.”
VisiQuate will offer Ovation's electronic transactions, integrated with VisiQuate's own revenue cycle tools, for managing a patient's insurance claim's status. This pairing will allow a health care provider's revenue cycle staff to quickly resolve claim denials, accelerate cash flow and reduce avoidable write-offs. In addition to receiving payer proprietary denial reasons, which are more actionable for both staff intervention and automation purposes, VisiQuate's optimized claim status can be obtained much earlier than standard EDI responses, giving staff a jumpstart on resolving claim denials.
Ovation's innovative software has helped UPMC, a leading integrated health care delivery and financing system, realize significant efficiencies and savings, including a 73 percent reduction in write-offs, and an 85 percent reduction in claims denials.
“Many of the solutions Ovation offers are a natural complement to the analytics solutions that VisiQuate already delivers to its clients,” said Brian Robertson, Founder and Chief Executive Officer of the Santa Rosa, CA-based company. “This is one of those rare cases where 1 plus 1 actually does equal 3, meaning that our clients will have access to advanced decisioning intelligence for meeting their most pressing revenue cycle needs.”
“We are excited to work with VisiQuate as they have a deep domain knowledge of the health care business, operational BI solutions, and a get-it-done culture that focuses on results,” said April Langford, CEO of Ovation Revenue Cycle Services. “We look forward to expanding our collaboration with VisiQuate as we continually look for new ways to improve the efficiency and profitability of our clients.”
About Ovation Revenue Cycle Services: Ovation Revenue Cycle Services helps clients increase efficiency and achieve cost savings through a flexible suite of software services, designed to improve revenue cycle operations. With a core focus in health care, Ovation RCS delivers innovative, provider-proven solutions that fully address the challenges of a rapidly evolving health care environment. Ovation RCS is a wholly-owned subsidiary of UPMC, a $12 billion dollar global health enterprise based in Pittsburgh, Pennsylvania. Ranked as one of the nation's best hospitals by US News and World Reports, UPMC is similarly recognized as an industry leader in Revenue Cycle Operations. For more information, visit: www.ovationrcs.com or contact JBurtnett@ovationrcs.com.
