Pharmacy News EU

University Physicians & Surgeons, Inc., the faculty practice of Marshall University’s Joan C. Edwards School of Medicine, has chosen McKesson to manage its medical billing and practice management processes, citing McKesson’s market longevity and reputation for excellence as deciding factors in its choice. McKesson’s Revenue Management Solutions (RMS) group will provide services including patient billing, accounts receivable management and reporting to assist the Huntington, W.Va., group in its efforts to achieve measurable improvements in key financial areas (see also McKesson Corporation).
James J. Schneider, executive director of University Physicians & Surgeons, Inc., said successful financial performance by the medical practice group is essential to sustaining the medical school’s critical education, research and clinical service missions.
"With continuing reductions in physician reimbursement and the growing complexity of insurance company and patient billing processes, we require experienced support and robust practice management systems in order to improve revenue cycle financial performance," he said. "McKesson has demonstrated that it has the knowledge, experience and technology solutions, as well as skilled professionals with a sustained presence in the industry, to deliver improved results for us in this rapidly changing environment."
The 200+ physician practice selected McKesson for its ability to provide robust data reporting and analysis, which will help identify system inefficiencies and bottlenecks, Schneider said. He also expects McKesson’s industry expertise will help the practice improve key performance indicators such as net collection percentages and days in accounts receivable.
McKesson is the nation’s leading provider of medical billing and accounts receivable management services for physicians, with more than 30 years’ experience and more than 1,000 customers. Its RMS group includes 4,000 employees dedicated to helping physicians grow revenues, control costs and reduce regulatory risk.
"We are honored that Marshall faculty physicians selected us and proud that physician colleagues at other respected institutions regularly provide such solid recommendations about our services," said Pat Leonard, senior vice president and general manager for McKesson’s RMS group. "The people, processes and technology we put to work for our customers help ensure that we exceed performance expectations in the important academic physician market."
Revenue management solutions are part of McKesson’s comprehensive portfolio of physician solutions designed to reduce time spent on administrative tasks and streamline practice operations. As the source for software and services that improve practice performance, McKesson’s offering includes clinical and EHR solutions, with more than 100,000 physicians served. In addition, the company provides connectivity solutions for health information exchange and medical-surgical equipment and supplies. For more information on McKesson Revenue Management Solutions for academic physician practices, visit http://www.mckesson.com/academicmedicine. About University Physicians & Surgeons UP&S is the faculty practice group of Marshall University’s Joan C. Edwards School of Medicine, a state-supported school providing education and training to more than 425 medical students, residents and fellows. Clinically and educationally, the community-based medical school combines extensive resources in primary care medicine with a comprehensive range of subspecialty expertise tailored to meet the needs of future physicians and patients. In conjunction with teaching and medical research activities, UP&S physicians provide more than 425,000 patient visits annually and inpatient care at multiple affiliated hospitals. UP&S provides the medical services of the Edwards Comprehensive Cancer Center, a broad range of pediatric specialties unique to the area, and the area’s only geriatric center, trauma care, high-risk OB services, OB/GYN subspecialties, burn treatment, and board-certified specialists in occupational and environmental medicine. About McKesson McKesson Corporation, currently ranked 15th on the FORTUNE 500, is a healthcare services and information technology company dedicated to helping its customers deliver high-quality healthcare by reducing costs, streamlining processes, and improving the quality and safety of patient care. McKesson is the longest-operating company in healthcare today, marking its 175th anniversary last year. Over the course of its history, McKesson has grown by providing pharmaceutical and medical-surgical supply management across the spectrum of care; healthcare information technology for hospitals, physicians, homecare and payors; hospital and retail pharmacy automation; and services for manufacturers and payors designed to improve outcomes for patients. For more information, visit http://www.mckesson.com.
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