Financial Software facilitates RCM for hospitals.
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Press Release Summary:
Able to coexist with clients' back office systems, Xcelys(TM) for RCM (Revenue Cycle Management) allows companies to optimize cash collections for hospitals and health systems while reducing collection expenses for hospital clients. It enhances hospital revenue cycle operations by accurately capturing and processing data, streamlining workflow, and processing remittance advices. Support is provided for all HIPAA standardized EDI transactions and other elements of revenue cycle.
Original Press Release:
Perot Systems Launches Xcelys(TM) for Revenue Cycle Management
New capability to help hospitals increase cash flow and reduce costs
PLANO, Texas, June 16 -- Perot Systems Corporation (NYSE:PER) (www.perotsystems.com) today launched Xcelys(TM) for Revenue Cycle Management (RCM), a software platform that will allow the company to further increase cash collections for hospitals and health systems while also reducing collection expenses for hospital clients.
Xcelys for RCM enhances hospital revenue cycle operations by accurately capturing and processing data, streamlining workflow, and processing remittance advices. An added benefit with the software platform is that it can co-exist with the client's back office systems. Xcelys for RCM channels revenue cycle tasks to workers with specialized skills to rapidly address the task either locally or at a network of Perot Systems service centers. This new level of functionality is expected to improve revenue capture while reducing the manpower requirement for hospital business offices by up to 40%.
"At a time when hospitals are facing dramatic financial challenges including reduced revenues, increased charity care, and the need to fund clinical technology; Xcelys for RCM provides an opportunity to increase revenue while reducing administrative expenses not related to patient care. Xcelys for RCM takes our revenue cycle solutions to a whole new level by improving workflows, optimizing business processes and maximizing existing technology," said Chuck Lyles, president of Perot Systems healthcare group. "With this innovative software platform, we expect to achieve even greater efficiencies and increased cash flow for our hospital clients."
Xcelys for RCM can handle all HIPAA standardized electronic data interchange (EDI) transactions and other elements of the revenue cycle, including contract management. Xcelys for RCM facilitates the capture and exchange of key data during the revenue cycle, including claims information, remittance advice, contractual details and other critical payment and processing data elements. Xcelys for RCM provides a seamless workflow process, work queues and automated routing thereby reducing the time required to process claims.
About Perot Systems
Perot Systems is a worldwide provider of information technology services and business solutions. Through its flexible and collaborative approach, Perot Systems integrates expertise from across the company to deliver custom solutions that enable clients to accelerate growth, streamline operations and create new levels of customer value. Headquartered in Plano, Texas, Perot Systems reported 2008 revenue of $2.8 billion. The company has more than 23,000 associates located in the Americas, Europe, Middle East and Asia Pacific. Additional information on Perot Systems is available at http://www.perotsystems.com/.
