Las Vegas -- TransUnion announced a newly enhanced version of its patented healthcare revenue cycle workflow and financial analytics product suite - Revenue Manager(sm) - at the Healthcare Financial Management Association's (HFMA) Annual National Institute (ANI) Healthcare Financing Conference. Revenue Manager is an ASP-based technology platform that determines in real time, patient eligibility for financial assistance at the time of registration.

Additionally, Revenue Manager assists healthcare providers in verifying patient identity to improve patient safety from potential identity theft, qualifies patient eligibility for financial assistance or insurance benefits at time of service, helps in collecting payments through prioritizing accounts by a patient's ability to pay and provides fact-based payment planning.

"With recent studies showing a 60 percent surge in the underinsured to 25 million in the past five years, hospitals need solutions such as Revenue Manager to better assess a patient's financial options for their portion of hospital costs," said Rod Bazzani, executive vice president of healthcare for TransUnion. "TransUnion's patented healthcare financing methodology also improves patient ID verification by cutting application time while increasing hospital staff efficiencies by streamlining back-end collection processes."
The newly enhanced Revenue Manager expands benchmark reporting capabilities on staff productivity, charity reporting for IRS Form 990 Schedule H and patient metrics. It also includes a comprehensive family-based decisioning tool, auto-assignment of patient files based on daily staffing and census needs, and a robust workflow tool to better assist hospital management and staff with follow up task reminders.

Improved efficiencies will be one result of the platform's new auto assignment functionality, which assigns patient files to the appropriate hospital staff at the time of service. This is based on the hospital's specific workflow guidelines which can be easily modified to support daily staffing changes.

Also, an improved work list tool automates previously manual processes such as following up with certain patients or providing reminders about other revenue related tasks. Additionally, hospital management will be able to pull reports that measure staff productivity, such as highlighting the number of files employees review throughout a day.

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