While the chief goal at Arrowhead Radiology Medical Group is always to provide quality clinical care to patients, strong financial and operational performance also are important elements to running a successful practice. To help make its financial and operational goals a reality, the physician group has selected McKesson to manage its revenue cycle operations. McKesson’s Revenue Management Solutions group will provide an array of services designed specifically to meet the needs of the Colton, Calif., radiology practice including billing, accounts receivable management, reporting and account management services.
“We were concerned as to whether we were realizing our full financial potential as a medical group,” said Fred Orr, M.D., Radiology Chairman at Arrowhead. “We work with a difficult payor mix, so we wanted a billing service that would truly help our practice succeed at all levels. With McKesson, we’re getting a group of people with a focus just on radiology billing to help us reach our financial goals.”
Arrowhead will leverage McKesson’s extensive experience to help increase revenue through improved collections, reporting and account management. McKesson’s radiology revenue management service is supported by employees focused on the radiology specialty. In addition, the radiology billing service taps the expertise of coders who specialize in interventional radiology, making it possible for Arrowhead to increase revenues related to interventional procedures such as catheter angiography and catheter embolization. McKesson will partner with Arrowhead to ensure that billing will be appropriately documented and submitted in a timely manner. “We have been providing patients with top-notch radiology services all along,” said Orr. “But as physicians we appreciate our partnership with McKesson to help us document appropriately for reimbursement.”
“Physicians are working in an era when they see their financial rewards declining, so they are naturally frustrated with the business aspects of medicine,” said Pat Leonard, vice president and general manager, Revenue Management Solutions, McKesson Provider Technologies. “McKesson is able to help them achieve the ideal revenue cycle management processes, resulting in optimal income for doctors. As a result, physicians can put all of their energies into providing the best clinical care possible to patients.”
About Arrowhead Radiology Medical Group
Arrowhead Radiology Medical Group, Inc., established in 1976, is a nine-physician radiologist group based at Arrowhead Regional Medical Center in Colton, CA. In addition to Arrowhead Regional Medical Center, they provide full gamut radiologist services to Mountains Community Hospital in Lake Arrowhead, San Gorgonio Memorial Hospital in Banning, Patton State Hospital in San Bernardino, as well as Teleradiology CT/MRI services for Riverside Medical Group in Riverside. McKesson PACS is utilized at Arrowhead Regional Medical Center and San Gorgonio Memorial Hospital facilities. Group Members include four Interventional Fellowship Radiologists, two Musculoskeletal Fellowships, one Trauma Fellowship Radiologist, and several Diagnostic Radiologists to provide essentially all diagnostic and interventional modalities for the above facilities in the Inland Empire area of Southern California.
About McKesson
McKesson Corporation, currently ranked 18th on the FORTUNE 500, is a healthcare services and healthcare 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 this 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. McKesson is a leader in revenue management solutions, helping physicians optimize reimbursement, minimize risk and increase revenue in order to keep more of what they earn. For more information, visit www.mckesson.com/radiologyservices.
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