Charlotte, NC, August 22, 2015 --(PR.com
)-- PMMC, a leading provider of revenue cycle management solutions, awarded Maury Regional Medical Center with the 2015 Revenue Cycle Leadership Award for “Bridging the Pricing Transparency Gap,” a recognition that reflects Maury Regional Medical Center’s leadership and proactive approach toward price transparency. The award was formally presented to members of the finance team on August 13.
“We are exceptionally proud to honor Maury Regional Medical Center with this award,” said Roger Shaul, President of PMMC. “Maury is a nationally recognized healthcare provider in quality and efficiency and is at the forefront of providing patients with upfront prices for their care.”
Maury Regional Medical Center, part of Maury Regional Healthcare System, is located in Columbia, TN and has 255 medical beds. The hospital utilizes PMMC Contract PRO to manage its third party payer contracts, model future contracts with payers, and monitor underpayments. To be more transparent in their pricing, the hospital leverages existing claim data to generate accurate upfront estimates for its patients. This automates the calculation of the patient’s out-of-pocket costs, helping to increase patient satisfaction. This year alone, Maury has provided nearly 10,000 financial estimates to its patients.
“Maury Regional Medical Center is committed to providing our patients with exceptional care and service. This includes educating them upfront about their cost of care,” said Alan Watson, CEO of Maury Regional Medical Center. “PMMC Estimator PRO helps patients understand their out-of-pocket costs.”
The “Bridging the Pricing Transparency Gap” award represents best-in-class hospitals and healthcare systems who have made it a priority to “bridge the gap” in price transparency by educating their patients on cost of care at point-of-service and exercising care to assure patient balances are not affected by underpayments associated with third party payers. Maury Regional Healthcare System was also recently recognized by Truven Health Analytics as one of the top 15 health systems in America.
Nearly 400 hospitals across the U.S. currently use PMMC products to provide accurate patient estimates, assure responsible pricing, identify and collect underpayments from insurers and increase point-of-service collections.
PMMC provides industry leading revenue cycle solutions to more than 400 hospitals and 20,000 physician clients. By finding additional cash and creating more efficient workflow processes, PMMC helps healthcare providers improve their margins so they can focus on serving their patients. PMMC is a Microsoft-certified provider and earned the Healthcare Financial Management Association (HFMA) Peer Review designation for its Contract PRO and Estimator PRO products, meeting an objective third-party assessment of overall effectiveness, quality, and value. PMMC also ranks No. 5 on the “Largest Revenue Cycle Management Firms” list according to Modern Healthcare Magazine. For more information, visit www.PMMConline.com.
About Maury Regional Medical Center
Maury Regional Medical Center is the largest medical center from Nashville to Huntsville and has been evaluated by outside organizations and compared to some of the most respected medical centers in the country. Maury Regional Medical Center's commitment to providing quality health services to our region is exemplified in its mission statement: To serve our region with clinical excellence and compassionate care.