Huron Consulting Group Enhances Healthcare Client Offerings with Launch of RevenueAscent SM
CHICAGO, May 25, 2011 (BUSINESS WIRE) --
Huron Consulting Group (NASDAQ: HURN), a leading provider of business consulting services, today announced the launch of its Huron Healthcare practice's RevenueAscent SM solution for hospitals and health systems, advancing the Company's existing market-leading revenue cycle offerings to healthcare clients.
The RevenueAscent solution synchronizes hundreds of process steps spanning multiple departments and enhances existing client revenue cycle tools to provide end-to-end workflow management and comprehensive performance insight. RevenueAscent is a proven all-encompassing approach for hospitals and health systems that enables sustainable revenue cycle performance improvement with measurable results.
"The healthcare marketplace continues to address the implications associated with evolving healthcare reform. What was once acceptable financial performance will not sustain hospital operations today or in the future," said Gordon Mountford, executive vice president, Huron Healthcare. "RevenueAscent supports our clients' ability to respond to changes in this dynamic healthcare environment. The solution also helps our clients make the kinds of internal operational and technological advances they need to ensure continued benefit from their revenue cycle investments."
Huron Healthcare's RevenueAscent solution enhances performance, delivering a predictable and annual three to six percent net revenue gain, while increasing patient, physician and staff satisfaction. Huron Healthcare's collaborative approach to implementation helps create and foster a high-performance work culture. In addition, Huron Healthcare's ongoing support helps ensure these organizations achieve optimal results.
RevenueAscent is a transformative solution with a proven track record of success, powering the revenue cycle processes at some of the top performing hospitals and health systems in the country, including Allegiance Health, HealthEast Care System, and UCLA Health System.
"What Huron Healthcare brings is a proven solution and an ability to change an organization's way of thinking about the revenue cycle," said David Feinberg, MD, MBA, chief executive officer, UCLA Health System. "They bring an ability to change your culture to a point where you're performing at a higher level."
"The RevenueAscent solution encompasses the entire revenue cycle from patient access through service delivery and revenue realization," said Ken Saitow, managing director and Revenue Cycle solution leader, Huron Healthcare. "In a typical revenue cycle there are hundreds of potential places for revenue leakage. RevenueAscent is focused on ensuring that clients receive full and accurate reimbursement for services provided. The solution also further enhances revenue by optimizing charge capture, strategic pricing, managed care contracting, and clinical documentation."
Learn more about Huron Healthcare's RevenueAscent solution at http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.huronconsultinggroup.com%2Frevenueascent&esheet=6736546&lan=en-US&anchor=www.huronconsultinggroup.com%2Frevenueascent&index=8&md5=354740196d1dddd6cfd1e30a2d4c95bc.
About Huron Healthcare
Huron Healthcare partners with clients to provide comprehensive performance improvement solutions that improve quality, increase revenue, reduce expenses, and increase physician, patient, and employee satisfaction across the healthcare enterprise. Clients include national and regional integrated healthcare systems, leading academic medical centers, community hospitals and physician practices. Modern Healthcare ranked Huron Healthcare third on its 2010 list of the top 15 largest healthcare management consulting firms.
About Huron Consulting Group
Huron Consulting Group helps clients in diverse industries improve performance, comply with complex regulations, reduce costs, recover from distress, leverage technology, and stimulate growth. The Company teams with its clients to deliver sustainable and measurable results. Huron provides services to a wide variety of both financially sound and distressed organizations, including leading academic institutions, healthcare organizations, Fortune 500 companies, medium-sized businesses, and the law firms that represent these various organizations. Learn more at http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.huronconsultinggroup.com%2F&esheet=6736546&lan=en-US&anchor=www.huronconsultinggroup.com&index=10&md5=dec25d9d46720c2603e579246e10aeb5.
SOURCE: Huron Consulting Group
Huron Consulting Group
Jennifer Frost Hennagir