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HFMA News: TransUnion's Enhanced Revenue Manager(sm) Released

by Barbara Kram, Editor | June 25, 2008

"We are particularly excited about the family grouping enhancements because Revenue Manager now makes it easier for hospitals to automatically qualify all eligible family members for specific programs," said Marty Callahan, vice president of Healthcare Solutions for TransUnion. "For instance, if a mother comes to an emergency room for care, a hospital may also qualify her entire family for assistance through the quick Revenue Manager-led interview process. Though the hospital is only treating one person, the automated qualifying process allows them to assist other family members in need."

Another major Revenue Manager enhancement is expanded reporting capabilities, which now includes more than 20 standard reports that report at the department, staff, and patient levels. The reports cover key performance metrics such as a hospital's own charity program approvals, public assistance program enrollments, staff productivity and collection estimates. Custom reports can be easily set up to tailor to a hospital's specific recurring reporting needs.

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"The expanded reporting capability is particularly beneficial because hospitals receive thousands of repeat visitors each year. For instance, in one large Southwestern hospital utilizing TransUnion's healthcare offerings, self-pay patients accounted for approximately 154,000 annual registrations and more than 86,000 of those registrations were repeat visitors," added Callahan.

Revenue Manager was created based on a business method patent (United States Patent No. 7,333,937) granted in February 2008. The patent utilizes healthcare financial aid information associated with federal, state, and local assistance plans to help appropriately determine both patient eligibility for assistance and patient responsibility for costs related to medical treatment.

The patented technology instantaneously performs calculations based on patient information and eligibility requirements to pre-qualify applicants and their family members for optimal financial assistance programs.

Patient demographic information is pre-populated on all enrollment forms; ready for immediate printing, signature and submission.

TransUnion Revenue Manager is available to healthcare organizations of all sizes in the United States.

About TransUnion
As a global leader in credit and information management, TransUnion creates advantages for millions of people around the world by gathering, analyzing and delivering information. For businesses, TransUnion helps improve efficiency, manage risk, reduce costs and increase revenue by providing comprehensive data and advanced analytics and decisioning. For consumers, TransUnion provides the tools, resources and education to help manage their credit health and achieve their financial goals. Through these and other efforts, TransUnion is working to build stronger economies worldwide. Founded in 1968 and headquartered in Chicago, TransUnion employs more than 2,600 employees in more than 25 countries on five continents. www.transunion.com/healthcare

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