CentraMed is contracted by Memorial Health System to provide its full portfolio of Cost2CashTM technology solutions
CARLSBAD, CA – June 7, 2013 – CentraMed, Inc., a provider of industry-leading cloud-based healthcare analytics solutions and services, has been awarded a long-term contract for revenue integrity solutions from Memorial Health System, the leading provider in the Mid-Ohio Valley. The contract will give Memorial Health System a comprehensive portfolio of business intelligence solutions and subject matter expertise to dramatically enhance revenue integrity and net revenue. CentraMed will deploy its full portfolio of business intelligence solutions, including Spend AnalyticsTM, RM AnalyticsTM, eTracTM, TheraTracTM, Denials Prevention SystemTM, EligibilityTMand CharityCareTM.
“We chose CentraMed for their comprehensive approach to revenue cycle integrity. Their Cost2Cash platform, which combines deep subject matter expertise and cloud-based business intelligence, will allow us to proactively improve net revenue throughout the patient lifecycle. CentraMed’s portfolio of technology solutions will allow us to optimize financial performance along the patient continuum of care.” said Eric Young, CFO and Vice President at Memorial Health System.
“We’re excited about our new contract with Memorial Health System. Our patient-centric Cost2Cash analytics platform connects the dots throughout the patient continuum of care with a focus on cost savings, efficiency improvement and revenue recovery – all leading to improving the bottom line with a measurable ROI,” said Vik Torpunuri, CEO at CentraMed.
About CentraMed, Inc.
CentraMed (www.centramed.co) allows hospitals, physicians and payers to achieve a 360-degree view of clinical and financial data across the health enterprise. CentraMed’s cloud-based healthcare business intelligence platform, combined with deep subject matter expertise, enables decision-makers to identify and modify practices and organizational behaviors to optimize financial performance. Organizations can analyze large-scale clinical and financial data to better navigate the quality improvement and payment reforms sweeping the healthcare ecosystem. Over the past decade, CentraMed’s healthcare business intelligence platform combined with deep subject matter expertise has helped CentraMed’s clients increase net revenue by approximately $1.2 billion.
The Memorial Health System
The Memorial Health System is a not-for-profit health system governed by a volunteer board of community members that are committed to providing comprehensive services that meet the needs of our region. We are comprised of a network of two hospitals, outpatient service sites, assisted and long-term care facilities and a retirement community. We work in innovative ways to meet the healthcare challenges of today, while preparing for health needs of our communities in the future.