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Essay / Research Paper Abstract
A 4 page paper discussing Dayton, Ohio's Miami Valley Hospital's use of Epic Systems' Resolute Hospital Billing® system. The software product does not solve all AR problems, but it proves itself to be an invaluable tool for increasing AR efficiency; reducing the revenue cycle; and providing third-party payers with the documentation they require. Bibliography lists 3 sources.
Page Count:
4 pages (~225 words per page)
File: CC6_KSacctResol.rtf
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Unformatted sample text from the term paper:
Premier Health Partners is a coalition of seven health care provider organizations in the Dayton, Ohio area. Three of the organizations are hospitals; one of those hospitals is the
Miami Valley Hospital in Dayton, Ohio. Premier Health Partners has invested $50 million over five years in various systems targeting improved patient care; greater patient safety; and cost management;
the organization estimates that Miami Valley Hospital will save $7 million annually through the use of Epic Corporations Resolute Hospital Billing(r) system. Miami
Valley Hospital was the first organization within Premier Health Partners to begin using this system, which went into production on October 14, 2006. The purpose here is to discuss
the Resolute Hospital Billing(r) system. Epic Corporation has other applications within the Resolute(r) family, but this paper focuses only on the cost management program. Operational Environment
Porter and Teisberg (2004) prescribe greater competition as a cure for spiraling health care costs as they address the plight of many health care providers in
this era in which there are at least 46 million people who have been without health insurance on a long-term basis (Lavizzo-Mourey, 2006). In January 2007, Floridas Health Management
Associates "reported that it expects to record $200 million in bad debt expense in the fourth quarter due to an increase in self-paying patients. Industry experts dont believe this
is an isolated event" (Enrado, 2007). American manufacturing and service industries realized long ago that they would need to find greater internal efficiencies
just to be able to maintain their places in their markets. Now the same has occurred for hospitals, particularly as greater numbers of individuals lose health insurance and are
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