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News

NYDH selects Perot Systems to provide revenue cycle solutions

Perot Systems : 16 April, 2008  (Company News)
New York Downtown Hospital (NYDH) has reached a new seven-year Revenue Cycle Solutions agreement with Perot Systems.
NYDH selected Perot Systems to deliver comprehensive Revenue Cycle Solutions that will provide management and patient financial service professionals in addition to technology and process improvements in order to drive improvements in cash collection.

Under the terms of the agreement, Perot Systems will manage the operations of the NYDH patient financial services function. Perot Systems will utilise the people, processes, and advanced technology of its market-leading Revenue Cycle Solutions to reduce errors, improve through-put, and speed collections to help NYDH increase its cash collections.

'This engagement provides NYDH a new source for improvements in the revenue cycle with Perot Systems providing the additional resources to achieve higher performance. It is a comprehensive solution that addresses the entire revenue cycle, especially the front end processing, to bring technology, process improvement and revenue cycle professionals to drive cash collection improvement,' stated Frank Vutrano, senior vice president and chief financial officer for New York Downtown Hospital.

'We are pleased that New York Downtown Hospital has chosen Perot Systems as their service provider for Revenue Cycle Solutions. We are confident that our Revenue Cycle Solutions team will help take them to another level of financial performance. New York Downtown Hospital has a proud history and we look forward to being part of their future,' stated Jim Mapes, director of the Perot Systems' Healthcare Process Solutions Group.

Perot Systems' Healthcare business unit is a market leader in Revenue Cycle Services for Hospitals and Physician Practices, its Revenue Cycle Outsourcing line of business won more than 90 Revenue Cycle Solutions contracts in 2007, resulting in the collection of over $2.4 billion in cash and the resolution of over $4.6 billion in accounts receivable for their healthcare provider clients.
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