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InfoLogix HIA Consultants Reveal Three Keys to Improve Hospital Revenue Cycle Management
Leading Clinical and Financial Systems Consultants Reveal Top Three Lessons from Engagements over Past 15 Years
HATBORO, PA – November 29, 2007 - InfoLogix, Inc. (NASDAQ: IFLG), a leading technology provider of enterprise mobility solutions for the healthcare and commercial industries, announced today that its Healthcare Informatics Associates (HIA) consulting team has revealed the top three keys to improving revenue cycle management.
As hospitals across North America continue to search for new ways to minimize billing errors and decrease days in accounts receivable, revenue cycle management has continued to grow in importance. The InfoLogix HIA consultants, each of whom is a certified medical or financial professional with an average of two decades of experience in the field, have improved revenue cycles for dozens of hospitals across the country that use informatics systems such as Epic, GE/IDX, MEDITECH, Siemens, Eclipsys, and others.
"Time and again, we've found that hospitals struggle with several common challenges during revenue cycle projects, including disconnected workflows, misuse of analysts, and teams that are strictly organized by HIS applications," says Gerry Bartley, Executive Vice President and Managing Director of Healthcare Consulting for InfoLogix. "Yet, with three key changes to the traditional approach, we have found that hospitals can achieve significantly greater success."
Standing apart from the traditional approach, the InfoLogix HIA consultants have determined the three keys during the critical project management phase to be:
1) Decentralizing the application teams
2) Eliminating the team lead
3) Structuring according to milestones, rather than HIS application type
"We have found that it is critical for the implementation team to be integrated, thereby avoiding a 'siloed' approach to system design and workflow gaps. And our recommendation to eliminate the team lead will come as a surprise to some, yet we have found it to be a viable way to address the problem of inefficient use of analysts' time as 'mini-project managers' rather than as builders," says Bartley. "Each team should also have accountability for explicit project milestones, as opposed to just being accountable for a single application, as we continue to believe that the best formula for success is to get the project right the first time."
The InfoLogix HIA consulting team includes registered nurses, pharmacists, ancillary clinicians, physician assistants, revenue cycle personnel, administrative systems personnel, technical interface/report writing personnel, clinical transformation specialists, engineers specializing in ROI/benefits realization/work redesign, and certified project managers.
To download a copy of the complete report "Three Keys to Improving Hospital Revenue Cycle Management," visit www.infologix.com/HIA.
About InfoLogix, Inc.
InfoLogix is a leading provider of technology and RFID based intelligence solutions that enable the mobile enterprise. InfoLogix uses the industry's most advanced technologies to increase the efficiency, accuracy, and transparency of complex business and clinical processes for the healthcare industry and the commercial marketplace.
With 19 issued patents, InfoLogix provides mobile managed solutions, on-demand software applications, mobile infrastructure products, and strategic consulting services to over 2,000 clients in North America including Kraft Foods, Merck and Company, General Electric, News America Corporation, Mercedes Benz, Kaiser Permanente, Adventist Health, Universal Health Services, MultiCare Health System, University of California San Francisco, Swedish Medical Center, and Stanford School of Medicine.
Founded in 2001 and headquartered in suburban Philadelphia, PA, InfoLogix has been named the sixth fastest growing new business in the United States for the last three years by Entrepreneur Magazine. InfoLogix is a publicly-traded company (NASDAQ: IFLG).
InfoLogix Investor Relations
Thomas P. Walsh
Alliance Advisors, LLC
212-398-3486