Independent Emergency Medicine Group Selects McKesson
Thursday, May 12, 2016
Posted by: Angela King
ATLANTA--(BUSINESS WIRE)--Ridgewood, N.J.-based Valley Emergency Room Associates (VERA) has chosen McKesson Business Performance Services (McKesson) for assistance in strengthening the group’s cash flow, analytics reporting and regulatory compliance.
McKesson will deliver a full complement of revenue cycle management services to the organization, including coding and compliance, billing, accounts receivable management, and physician documentation education. A proprietary McKesson application will help confirm that all patient charts are appropriately documented and accounted for. McKesson will also deliver a wide range of customized business intelligence analytics reporting.
VERA is a 30-physician independent group founded in 1986. The practice provides emergency medicine services for Valley Hospital in Ridgewood and handles about 75,000 emergency room visits annually.
“As a practice, we faced significant challenges in terms of collections, reporting and compliance,” said Marc Dreier, MD, president of the group. “It was imperative that we stabilize and enhance our core financial processes and performance. We feel fortunate to have partnered with McKesson and are excited about the depth of resources and expertise they will be able to bring to our operations.”
Dreier said McKesson was chosen on the basis of its reputation in the New Jersey, New York and Pennsylvania region. He added that McKesson has provided revenue cycle services for another Valley Hospital group for over 10 years and are very familiar with the area market and players.
Dreier further noted that VERA is looking forward to taking advantage of the reporting that McKesson generates from claims information. “The data-driven knowledge created by McKesson will provide us with critical insight that simply was not available previously,” he said. “Productivity, RVUs, cash flow, volume, PQRS data and many other areas can now be tracked on a near-real-time basis.”
Pat Leonard, president of McKesson Business Performance Services, said McKesson is continuing to expand its footprint among emergency medicine practices across the Tri-State region. “Knowledge of the area market allows us to `think locally’ while at the same time tapping the national resources of McKesson. This gives our clients the best of both worlds. We look forward to working with VERA as they continue providing exemplary emergency care to the citizens of Ridgewood.”
About Valley Emergency Room Associates
Valley Emergency Room Associates (VERA) is a single-hospital independent group that has been serving patients at the Valley Hospital since 1986. The focus on a single hospital has produced sustained stability and a culture of quality that fosters alignment of the goals and strategies of the physician group with the needs and expectations of the community, hospital, and medical staff. The Valley Hospital Emergency Department is a three-time recipient of the J.D. Power and Associates Award for Distinguished Hospital Emergency Services Excellence. The Emergency Department, which is divided into independent Main, Minor, and Pediatric Divisions, has more than 75,000 visits annually. It boasts over 108 hours of physician coverage daily. Resources available include specialist and sub-specialist on-call support and a 24-hour on site CT and MRI scan. The Valley Hospital offers interventional cardiology and cardiac surgery services and is a comprehensive stroke center with neuro-interventional capabilities. The Pediatric Division is a 10-room separate ED, with dedicated pediatric emergency physicians. For more information, visit: www.valleyerassociates.com/
About McKesson Corporation
McKesson Corporation, currently ranked 11th 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 www.mckesson.com.
Sandy Laudenslayer, 770-237-7820
Source. BusinessWire. http://www.businesswire.com/news/home/20160509005409/en/Independent-Emergency-Medicine-Group-Selects-McKesson