Executive search firms form strategic alliance
Two of the nation’s leading healthcare executive search firms have formed a strategic alliance. CES Partners Ltd. and Hersher Associates Ltd., both based in the Chicago area, will remain as separate entities and continue conducting executive recruitment under their own brands, but they plan to combine forces and resources on select search assignments. “Our cooperative partnership will serve to intensify the already strong presence that both our firms have built in the healthcare industry,” said Barry Cesafsky, CES Partners’ president and CEO.
New FRG products target underpaid claims
The Financial Resource Group, a Dallas-based healthcare consulting company, has launched two new services designed to allow hospitals and physician groups to recover underpaid claims when those claims were not paid promptly or properly by Third Party Administrators and insurance companies. The “Clean Claims” and “Prompt Pay” services will be used by FRG in analyzing billing data for the last four years to identify suspect amounts, after which FRG works with its strategic partners to pursue collection of those amounts. FRG officials say those accounts can represent millions of dollars in lost revenue.
McKesson adds ED coding with new acquisition
McKesson has acquired EN-Chart Scanning Program, LLC, a Dandridge, Tenn.-based provider of computer-assistsed facility coding and compliance solutions for emergency department (ED) visits. The Atlanta-based company plans to integrate the company’s product with its emergency care solutions, including Horizon Emergency Care, as well as offering it as a stand-alone service.
TransUnion joins forces with Benchmark Revenue
Chicago-based TransUnion has announced a partnership with Benchmark Revenue Management of San Diego that is designed to allow hospitals to provide help to patients seeking financial assistance. TransUnion’s Revenue Manager healthcare revenue cycle platform and predictive analytics software will be integrated with Benchmark’s Web-based business intelligence, dashboard reporting and workflow solution set. TransUnion’s Revenue Manager instantly verifies patient identity and self-reported information at registration, then performs calculations based on that information and eligibility requirements to pre-qualify applicants and their family members for financial assistance programs.