Business Services Industry
Academic Healthcare Institutions Outsource Physician Billing Services to Per-Se Technologies
Business Wire, July 12, 2002
Business Editors
Per-Se Technologies, Inc. (Nasdaq: PSTI), a leading provider of integrated business management outsourcing services, application software and Internet-enabled connectivity for the healthcare industry, today announced business agreements valued at approximately $5 million in annualized revenue with five prestigious academic healthcare institutions across the United States.
Per-Se's Physician Services division will provide coding, accounts receivable management and other billing services specific to the clinical specialties of the physician practices at each institution. The academic healthcare institutions include:
-- Cambridge Health Alliance, a nationally recognized, award-winning healthcare system, serves the residents of Cambridge, Somerville and Boston's Metro-North region and is affiliated with Harvard Medical School and the Tufts University School of Medicine. The agreement with Per-Se covers multiple clinical specialties at The Cambridge Hospital, Somerville Hospital and more than 20 primary care sites. More information about Cambridge Health Alliance is available at www.challiance.org. -- Baylor College of Medicine, Department of Pathology, is a returning client to Per-Se. Located in Houston at Texas Medical Center, Baylor's Pathology Department provides clinical and anatomic pathology services at Methodist Hospital. More information about Baylor College of Medicine is available at http://public.bcm.tmc.edu. -- Temple University School of Medicine, Department of Anesthesiology, is part of the School of Medicine and the Temple University Health System in the city of Philadelphia. The faculty of the Department of Anesthesiology is devoted to the highest quality resident education, patient care and research in the field of anesthesiology. More information about Temple University School of Medicine is available at www.temple.edu/tuhs. -- Doheny Eye Institute, a preeminent center for patient care, vision research and physician education, is affiliated with the University of Southern California (USC) Keck School of Medicine in Los Angeles, California. Doheny's physicians are internationally renowned and provide some of the most sophisticated and comprehensive subspecialty care available to ophthalmic patients in Southern California. More information about Doheny Eye Institute is available at www.usc.edu/hsc/doheny. -- Natividad Medical Center is affiliated with the University of California at San Francisco School of Medicine and is host to a highly regarded family practice residency training program, a postgraduate training program for physicians specializing in the board-certified specialty of family medicine. More information about Natividad Medical Center is available at www.natividad.com.
"These nationally recognized academic healthcare institutions have turned to Per-Se for business management services, allowing them to concentrate on their primary focus of delivering quality patient care," said Frank Murphy, president of Per-Se's Physician Services division. "As more physicians experience reimbursement pressures and increasing regulatory requirements, Per-Se is the national vendor of choice for healthcare organizations with academic affiliations."
The agreements, which were signed over the last six months, will be recognized as revenue by the division as the business is implemented.
Per-Se's Physician Services division is the only national provider of outsourced business management services for hospital-affiliated physician practices. A team of professionals with specialty-specific expertise guide physicians through the business complexities of healthcare, the challenges of compliance and the intricacies of revenue cycle management. Customized services include billing, collections, coding, payer relations, client reporting, fee analysis, compliance and documentation training. Additional innovative products and services include business intelligence reporting, financial and business management consultation and PerYourHealth.com(SM), a patient Web portal providing online access to billing information.
About Per-Se Technologies, Inc.
Per-Se Technologies, Inc. [Nasdaq: PSTI] is a leader in delivering comprehensive business management outsourcing services, financial and clinical software solutions, and Internet-enabled connectivity with business intelligence for the healthcare industry. Atlanta-based Per-Se enables integrated delivery systems and physician practices to optimize the quality of care delivered and profitability of business operations simultaneously. The leading provider of business management outsourcing services to physicians, Per-Se supports 47,000 physicians and 2,000 healthcare organizations. Per-Se processes more than 240 million medical transactions annually, and its solutions manage 26 million patient lives online. Additional information is available at www.per-se.com.
Safe Harbor Statement
This release contains "forward-looking statements" within the meaning of federal securities laws, including statements regarding anticipated revenue and the recognition of said revenue. Such forward-looking statements are based on Per-Se's expectations as of the date hereof and are subject to a number of risks and uncertainties, which could cause actual results to differ substantially from those expressed or implied by the forward-looking statements. Accordingly, there can be no assurance that the expectations reflected in such forward-looking statements will be achieved. Per-Se disclaims any responsibility to update any forward-looking statements. Information about the risks and uncertainties that could affect Per-Se's results is included in Per-Se's Safe Harbor Compliance Statement included in the Company's Form 10-K for the year ended December 31, 2001 and Form 10-Q for the quarter ended March 31, 2002 other information filed by Per-Se with the Securities and Exchange Commission.
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions


