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Availity Teams with Thomson Reuters to Integrate Treatment Cost Calculator

Posted on: Monday, 1 June 2009, 10:09 CDT

Solution to Help More Health Plans Deliver Price Transparency

JACKSONVILLE, Fla., June 1 /PRNewswire/ -- Availity, LLC, the industry's premier health information network, today announced an agreement with Thomson Reuters to integrate its Treatment Cost Calculator into Availity's financial estimation solution, CareCost Estimator(SM). Through this agreement, Availity will offer health plan customers additional tools to derive cost estimates for delivery to providers through CareCost Estimator.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080715/CLTU028LOGO )

Health plans that support CareCost Estimator today calculate treatment estimates using their internal systems and deliver the information to Availity to display to the provider in real-time. This gives providers the information they need to collect the patient's financial responsibility at the point of care, helping to improve the practice's cash flow and accounts receivable. The integration of the Cost Calculator helps Availity respond to those health plans that need solutions for generating the treatment estimates.

"Patients need accurate, customized cost estimates to make informed decisions about their care," said Russ Thomas, president and chief operating officer for Availity. "Working with Thomson Reuters is another step Availity is taking to advance cost transparency and improve provider and patient satisfaction."

"We are delighted to work with Availity to help advance transparency in health care," said David Crean, senior vice president for the Health Care and Science business at Thomson Reuters. "Integrating the Treatment Cost Calculator within the Availity portal and the provider workflow helps to further our shared mission of delivering reliable health information in real-time."

About Availity, LLC - Patients. Not Paperwork.(R)

Availity optimizes information exchange between multiple health care stakeholders through a single, secure network. The Availity Health Information Network encompasses administrative, financial, and clinical services, supporting both real-time and batch exchange via the web, business to business (B2B) integration, and electronic data interchange (EDI). For more information, including an online demonstration, please visit www.availity.com.

About Thomson Reuters

The Healthcare business of Thomson Reuters produces insights, information, benchmarks and analysis that enable organizations to manage costs, improve performance and enhance the quality of healthcare. Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people in 93 countries. Thomson Reuters shares are listed on the New York Stock Exchange (NYSE: TRI); Toronto Stock Exchange (TSX: TRI); London Stock Exchange (LSE: TRIL); and Nasdaq (Nasdaq: TRIN). For more information, go to www.thomsonreuters.com.

SOURCE Availity, LLC

Source: PR Newswire

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