Hays Medical Center of Hays, Kan., has added revenue recovery services to its revenue cycle management solutions to improve its net revenue collections.
Hays Medical Center, has used MedAssets' charge and reimbursement integrity technology since 2003, according to Bill Overbey, chief financial officer at the medical center, and will add more technology from the Atlanta-based vendor.
"We've been impressed with the way MedAssets' solutions have enhanced our operations," said Overbey. "In addition to improved cash flow, the solutions also help our staff improve their visibility into every aspect of our revenue cycle, which has increased our efficiency and overall A/R management."
Hays Medical Center is a 207-bed facility with annual net patient revenue of $165 million.
The hospital already uses MedAssets' charge capture and claims management software. Overbey said the hospital has captured more than $280,000 in missing revenue in just one year of using the technology.
Overbey said the hospital would also implement the company's CrossWalk solution, in order to link supply chain and revenue cycle information through the item master and charge description master.