Officials at Baltimore-based Harbor Hospital announced this morning that the facility has inked a $3.1 million revenue cycle management contract to streamline administrative workflow, allowing its physicians more time with patients.
Under the terms of the three-year agreement Nightingale Informatix Corporation, a healthcare services and software company, will provide revenue cycle management services to Harbor Hospital's internal physician group.
Harbor Hospital, a 203-bed facility serves communities in Baltimore City, Anne Arundel, Baltimore and Howard counties, and is made up of 52 physicians and an affiliated network of more than 200 active physicians.
"The success and growth of our internal physician group has added a level of complexity that makes it more challenging to manage administrative burdens," said Joe Oddis, CEO of Harbor Hospital.
Nightingale's revenue cycle management services will allow the hospital's physicians to combine accounts receivable management, electronic claims processing, patient billing collection, claims tracking, payment verification, healthcare provider regulatory compliance verification and provider credentialing services into a centralized service platform.
"We are pleased to partner with Harbor Hospital to help streamline their workflow and expand their revenue potential using our revenue cycle management service," said Sam Chebib, president and CEO of Nightingale. "The agreement reflects our strengthening presence in the U.S. healthcare industry, and in particular our growing beachhead in the Northeastern U.S.," he added.
Harbor Hospital's physicians will be able to reduce claim denials, receive faster payment and minimize overhead costs. It also will replace the burden of insurance processing with improved cash flow, allowing them to spend more time with patients.
"With Nightingale as our partner, patient care can remain our primary focus. They provide a great combination of tools and a skilled support team with extensive experience that will help us successfully centralize our revenue cycle operations, improve our current administrative workflow and enable us to effectively monitor our employed physician operations," said Oddis.