Central New York area practice looks to McKesson Revenue Management Solutions to navigate regional billing intricacies
ATLANTA – September 22, 2012 — The McKesson Revenue Management Solutions (McKesson RMS) team’s knowledge of the New York State payer market has led Binghamton, N.Y.- based Park Avenue Associates in Radiology, PC (PAR) to select RMS for coding and billing services for its radiology physician group and imaging centers. The 15-physician group expects that McKesson RMS will help the practice stabilize cash flow and strengthen compliance while providing detailed financial reporting and claims support services.
Dr. Edward Santelli MD, President for PAR, said McKesson RMS’s extensive experience with payer policies, rates and procedures in New York State was of vital importance to the group.
“There are a lot of complexities in this market, particularly related to supplemental Medicare and Medicaid policies,” Santelli said. “Given the declines in reimbursement that we’re seeing and the growing intricacies of the billing process, including the increased complexity of Medicare, we felt it was essential to align with a billing partner that could provide not only detailed local knowledge but also the strengths that come with being a national Fortune 500 Company.”
In addition to ensuring accurate claims and payment, McKesson RMS’s payer experience should also enhance regulatory compliance, Santelli said. He added that McKesson’s comprehensive business reporting tools will give the group previously unavailable insight into a wide range of business metrics, including revenue per procedure and physician productivity. This information, in turn, will help the group quickly identify and act on significant operational trends.
Pat Leonard, senior vice president and general manager, McKesson RMS, said McKesson RMS was enthusiastic about helping Park Avenue Associates in Radiology, PC meet the growing challenges of today’s radiology market.
“With the addition of Park Avenue Associates in Radiology, we continue to expand our radiology billing footprint in New York state,” Leonard said. “We now have clients in the Mohawk Valley, the Central New York and the New York City region. As a result, our experience and institutional knowledge of this important market continues to grow.”
McKesson RMS is a leading provider of medical billing and practice management services, with a team of more than 4,000 experienced revenue cycle professionals. The services are uniquely designed to help practices improve efficiency and grow revenues while staying current with the latest regulatory requirements. McKesson RMS supports McKesson’s Better Health 2020 strategy. Better Health 2020 is designed to provide the capabilities needed to reduce costs, improve financial performance and successfully manage complex payment models.
About Park Avenue Associates in Radiology, PC
Park Avenue Associates in Radiology, PC based in Binghamton, New York, was founded in 1987. This 15-physician practice provides a full range of imaging services to Wilson Memorial Medical Center, a 280-bed teaching hospital located in Johnson City, New York and Binghampton General Hospital in Binghampton. NY.
McKesson Corporation, currently ranked 14th on the FORTUNE 500, is a healthcare services and information technology company dedicated to making the business of healthcare run better. We partner with payers, hospitals, physician offices, pharmacies, pharmaceutical companies and others across the spectrum of care to build healthier organizations that deliver better care to patients in every setting. McKesson helps its customers improve their financial, operational, and clinical performance with solutions that include pharmaceutical and medical-surgical supply management, healthcare information technology, and business and clinical services. For more information, visit http://www.mckesson.com.