June 24, 2008
Emerging Health Partners With Davincian Technologies to Deliver Advanced Revenue Cycle Intelligence
Emerging Health Information Technology, a healthcare professional services firm and Davincian Technologies, a growing revenue cycle software solutions company, today announced that they have entered into a strategic alliance in response to the growing challenge healthcare organizations face to improve cash flow, reduce bad debt and enhance business office productivity. The alliance will create a powerful solution that will automate the processes of insurance eligibility verification, claim status inquiry and claims management across the financial enterprise.
Emerging Health provides IT-based solutions and services that maximize financial performance to hospitals, long term care facilities and large ambulatory practices. TREKS(sm), the company's TRansaction Exchange and Knowledge-based Services, automate insurance submission, claims processing, claims resolution and reporting. TREK Verify(sm), the front-office eligibility module, is one of only a handful of technologies to have achieved CAQH Core Phase 1 Certification to streamline insurance verification. The SmartClaims and SmartTrack modules speed claims processing resulting in faster payments and reduced administrative costs.
Davincian offers a web-based application suite that will bring advanced healthcare business intelligence to the TREKS offering. Its software vigilantly monitors patient registration and scheduling to ensure policies that impact payment are met. Emerging Health's clients will benefit from Davincian's advanced workflow automation which escalates tasks and distributes claims to appropriate staff for faster resolution. TREKS will also integrate Davincian's knowledge-enabled denials management module to achieve more timely reimbursements and increase efficiency throughout the collections lifecycle.
Jack Wolf, Emerging Health's president and chief executive officer said, "Our agreement with Davincian positions Emerging Health to offer a wide range of revenue cycle solutions. Their solutions are unique to the healthcare industry and will help us better serve the needs of our clients. We are confident that this alliance further solidifies are market strategy to be a leader in healthcare financial information technology."
"We are delighted to be working with Emerging Health," said Anthony Scibelli, vice president of marketing and business development for Davincian Technologies. "The synergy between our two companies' technology combined with Emerging Health's consulting, implementation and support services make this a compelling offering for healthcare organizations."
About Emerging Health
Emerging Health Information Technology is a healthcare professional services company that provides IT-based solutions that improve the quality of patient care and maximize financial performance. The company works with leading healthcare systems providers to implement clinical and revenue cycle solutions. The firm provides project management, IT resource planning, systems assessment, application development as well as application outsourcing and infrastructure management services. Emerging Health is a subsidiary of Montefiore Medical Center. For more information, visit www.emerginghealthIT.com
About Davincian Technologies
Davincian Technologies, Inc. provides a fully integrated, real-time revenue management solution that solves the challenges healthcare providers face with declining service reimbursements and reduced payments by payers. The company, based in Austin, Texas, has worked with organizations such as Baystate Health, Pennsylvania Mountain Health Alliance and others to integrate and improve the revenue cycle process across the entire healthcare enterprise. For more information, go to wwww.DavicianTech.com