Malvern, Pa. -- Siemens Healthcare has announced that several large healthcare enterprises and specialty hospitals are turning to Siemens for next-generation enterprise revenue cycle management. With Soarian® enterprise revenue cycle management, Siemens addresses organizational revenue cycle needs by helping enterprises create a unified patient database and billing solution for physician practices and hospitals. Healthcare organizations can now turn to Soarian to reduce the reliance on third-party, bolt-on solutions, while preparing for a future that will include new payment models such as accountable care and bundled payments. Soarian, built on a modern, 3rd generation service-oriented architecture, helps enable healthcare organizations to be agile and flexible as they adapt to rapid change. Siemens approach to next-generation enterprise revenue cycle management supports the objectives of the Agenda 2013 program, which is a two-year global initiative in the Siemens Healthcare Sector to help customers adapt and grow amidst a challenging environment for healthcare reimbursement.

Soarian enterprise revenue cycle is based on a contemporary architecture that offers next-generation capabilities, including enterprise-wide patient identification and scheduling, and a single point-of-access for patient demographic and financial data. Soarian supports single-entity and multi-entity enterprises including affiliated physician practices. Embedded payor rules and an integrated contract engine connect the entire enterprise revenue cycle in order to increase first-pass clean claims. The comprehensive capabilities in Soarian revenue cycle can reduce the need for additional financial applications, which can reduce the complexity involved in maintaining multiple solutions and databases. Many organizations are turning to Siemens to simplify the revenue cycle and, today, Siemens announces that The University of Texas MD Anderson Cancer Center is the 100th organization to purchase Soarian Financials. MD Anderson Cancer Center recently signed a 10-year agreement for Soarian Scheduling, Patient Access and Revenue Cycle, Soarian Physician Revenue Cycle, and Soarian EDI/EDM.

The mission of The University of Texas MD Anderson Cancer Center is to eliminate cancer in Texas, the nation, and the world through outstanding programs that integrate patient care, research and prevention. One benefit of leveraging Soarian across the enterprise is that MD Anderson Cancer Center will be able to use one unified solution for billing across the enterprise, which will enable them to generate a single bill for patients, without relying on a bolt-on third-party service to combine charges.

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