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GHN-Online and RMS Team to Deliver a Single Claims Processing & Remittance Solution for Healthcare Banking

Posted on: Monday, 31 March 2008, 09:01 CDT

GHN-Online, the healthcare industry's leading provider of real-time revenue cycle management solutions, and Revenue Management Solutions (RMS), innovating medical payment and remittance systems, today announced a strategic alliance to deliver a comprehensive claims processing and remittance solution for healthcare banking. The alliance will combine GHN-Online clean-claims technologies and predictive analytic tools with RMS' solutions for Explanation of Benefits (EOB) conversion, reconciliation, posting, and contract management. The complementary technologies will help healthcare providers to be reimbursed to the fullest extent possible and as quickly as possible.

"We are committed to meeting the evolving needs of the healthcare banking market and are delighted to be working with RMS who is equally committed and shares our passion for advancing the electronification of the banking industry's healthcare claims processing," said Azadeh Farahmand, CEO of GHN-Online. "Our combined capabilities drive an entirely new business model for healthcare banking by providing a single and streamlined revenue cycle management solution that spans clean-claims submissions to receivables postings," continued Farahmand. "This model will effectively improve revenue flow for healthcare providers while lowering rising administrative healthcare costs."

"GHN-Online is a dynamic organization that has pioneered on-line claims scrubbing, predictive analytics and end-to-end real-time connections to payers," noted Tom Dean, CEO of RMS. "Our hand-in-glove relationship with GHN gives healthcare providers the best way to submit a clean, HIPAA-compliant claim combined with RMS' automated processes to remit and post the claim. This is a complete revenue cycle management solution that improves the entire healthcare banking value chain," continued Dean. "GHN does everything it can on the front-end to ensure a claim will be paid, and RMS handles the back end by automatically posting remittances, acting upon exceptions, and processing the next claim.

About GHN-Online, Inc.

GHN-Online, Inc., healthcare's leading provider of real-time claims management and end-to-end transaction processing solutions, delivered the industry's first Internet-based preadjudicated claims management tools. HIPAA-compliant and enterprise-class, GHN offers the simplest and fastest claims-to-cash solution, anywhere™. With an open architecture that easily integrates all stakeholders in the healthcare reimbursement model, GHN solutions drive a 100% claims acceptance rate. GHN's intuitive and format-agnostic capabilities enable instantaneous, complete and accurate electronic claims transactions for thousands of healthcare payers and providers throughout North America. Founded in 1999, GHN-Online is headquartered in Dallas, Texas. For further information contact info@ghnonline.com or call 214.696.5717. URL: www.ghnonline.com.

About RMS, LLC

Revenue Management Solutions, LLC (RMS) is headquartered in Oklahoma City, Oklahoma. Founded in 2006 with the majority of its investors based in Lafayette, Louisiana, RMS has developed and commercialized a proprietary streamlined, end-to-end approach to processing healthcare receivables, which aims to stem rising administrative costs in healthcare. URL: www.revmansolutions.com.

All product and service names mentioned are the trademarks of their respective companies.

Source: Business Wire

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