CareTechNews

CareTech Solutions Offers Revenue Cycle Solutions to Improve Management of Hospitals and Healthcare Systems’ Billing Cycles

Customized offering improves cash collection performance, increases efficiency and productivity for accounts payable

Troy, Mich. – November 8, 2005 — CareTech Solutions, Inc., a healthcare information technology (IT) and health information management (HIM) services provider, has announced the launch of Revenue Cycle Solutions, a distinct service offering to assist healthcare providers with revenue cycle management. The new offering is one of a growing number of distinct services developed by CareTech to support the strategic vision of its clients.

Revenue Cycle Solutions provides a comprehensive, customized approach to revenue cycle management, leveraging resources of extensive experience in a wide range of revenue cycle areas. From patient access to account resolution, industry experts offer support at every stage of the cycle, and CareTech’s combined healthcare IT resources and experience add up to accurate data inputs, rapid cycle time, optimal use of processing systems and technology along with an effective follow-up system.

“Healthcare executives are increasingly aware of the benefits of revenue cycle consulting and outsourcing for their patients, clinicians and administrators,” said CareTech Solutions President and Chief Executive Officer James Giordano. “By combining our network of revenue cycle, HIM and IT resources, we’re able to optimize our efforts to create the most effective solution possible – while reducing overall costs for the hospital and increasing employee productivity and billing efficiency.”

Through Revenue Cycle Solutions, CareTech offers its clients a comprehensive approach to ensure each hospital’s revenue cycle is managed in an efficient, compliant and cost-effective manner. Industry experts work with hospital administrative and revenue cycle staff to assess the current process and determine specific needs, building a coordinated plan to reduce operating expenses and bad debt, improve cash and workflow while integrating all elements of strategic business planning for maximum impact.

Hospital executives are better able to address patient financial services through such offerings as staff education programs, detailed strategic consulting services and assessments of patient access and patient accounting processes – resulting in a smoother patient experience along with improved cash flows.

In addition to Revenue Cycle Solutions and its core offering of information technology management, CareTech offers health information management (HIM) services including medical records management; EMR planning and implementation; Coding and Case Mix Index analysis; transcription management; staffing; release of information; HIPAA compliance audits and JCAHO/HFAP readiness assessments; WebCare™, customized solutions and support for hospitals’ internal and external online presence; and CableCare™, structured cabling services to connect voice, data and wireless equipment, including complete structure cabling system planning, coordination of planning and implementation, installation and ongoing support.

About CareTech Solutions, Inc.
CareTech Solutions, Inc., an information technology (IT) and health information management (HIM) outsourcing provider for hospitals and health systems, is committed to creating value for healthcare clients through customized, flexible outsourcing solutions that contribute to improving patient care while lowering healthcare costs. Based in Troy, Mich., CareTech Solutions offers clients expert services in virtually every facet of information technology from implementing emerging technologies to supporting day-to-day IT and HIM operations for hospitals nationally. For more information please visit: www.caretechsolutions.com.