05 Jun Meridian Medical Management Announces Robotic Process Automation Suite
Windsor, CT – June 5, 2017 (GLOBE NEWSWIRE) – Meridian Medical Management, a leading revenue cycle management and healthcare analytics company has launched their robotic process automation (RPA) suite as part of their proprietary Revenue Acceleration Program. The foundation for the Revenue Acceleration Program is driven by the RPA suite and PrecisionBI, Meridian’s leading healthcare analytics and clinical informatics company. Currently, their robotic process automation suite is impacting over 350 healthcare organizations. The automation is operating on GE Centricity, Allscripts, Greenway, and the VertexDr practice management systems. Key benefits include:
- Speed and Efficiency: Robotic Process Automation improves labor productivity by a factor of up to eight times the traditional revenue cycle management process. Additionally, human error is eliminated thus improving the accuracy and increasing cash.
- Consistency: Each change and improvement implemented immediately impacts all Meridian clients. The robotic process automation suite is now impacting over 6.9 million patient encounters per year.
- Increased Collections and Revenues: The increased efficiency in medical billing means Meridian clients are paid faster. Clients have seen medical revenue gains range from $250,000 to $1.0 million annually.
- 24/7 Workforce: Robotic Process Automation creates a 24/7 workforce thus driving efficiency and increasing cash on behalf of clients.
For more than 20 years, Meridian Medical Management has supported independent medical groups and leading academic medical centers across the US. The company promotes quality and revenue growth initiatives by delivering technology, analytics, and revenue cycle services to its customers.
“Our goal is to convert medical services to cash on behalf of our clients,” according to Rob Gontarek, CEO. “This level of automation is having substantive impact on the medical billing and revenue cycle management industries. We have developed technology that will improve our client’s financial positions.”
For more information about Meridian Medical Management, PrecisionBI, and the Revenue Acceleration Program, please contact Meridian at www.m3meridian.com.
About Meridian Medical Management
Meridian Medical Management, a portfolio company of The Gores Group, is a leading provider of revenue cycle, business intelligence, electronic medical record EMR and system integration services for large, multi-specialty physician groups and academic practice plans. Leveraging over two decades of experience, Meridian’s team of professionals provides revenue cycle performance, business intelligence and practice growth to some of the most prestigious medical groups in the country. For more information, please visit www.m3meridian.com.
For more Information regarding Meridian Medical Management and the Revenue Acceleration Program and other Meridian companies inclusive of PrecisionBI and Origin Healthcare Solutions, follow us on LinkedIn and Twitter.
About The Gores Group
The Gores Group, founded in 1987 by Alec Gores, is a global investment firm focused on acquiring controlling interests in mature and growing businesses which can benefit from the firm’s operating experience and flexible capital base. The firm combines the operational expertise and detailed due diligence capabilities of a strategic buyer with the seasoned M&A team of a traditional financial buyer. Over its 30 year history, The Gores Group has become a leading investor, having demonstrated a reliable track record of creating value in its portfolio companies alongside management. Headquartered in Los Angeles, The Gores Group maintains offices in Boulder, Co., and London. For more information, please visit http://www.gores.com.
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