Liberty Hospital Receives Bridging the Pricing Transparency Gap Leadership Award

We are exceptionally proud to honor Liberty Hospital with this award, said Roger Shaul, President at PMMC. This represents Liberty Hospitals leadership, innovation, and proactive approach to addressing price transparency in todays increasingly consumer-driven healthcare world.

Liberty Hospital is a state-of-the-art 250 bed hospital located just north of Kansas City, MO. The hospital utilizes PMMC Contract PRO to manage their third party payer contracts and monitor underpayments. In April 2014, the organization engaged PMMC to conduct a strategic pricing engagement to responsibly set their prices. The project leveraged the expected contractual calculations in PMMC Contract PRO, to ensure that their prices are in line with the market.

Liberty Hospital is committed to providing our patients with exceptional care and ensuring that our prices are in line with the market, said CFO Dan Williams. With the help of PMMC Contract PRO, we are also more efficient within the revenue cycle.

The Bridging the Pricing Transparency Gap award represents best-in-class hospitals and healthcare systems who have made it a priority to bridge the gap in their revenue cycle between retail prices and accurate reimbursement from third-party payers.

Over 100 other hospitals across the U.S. currently use PMMC Contract PRO to manage complex payer contracts to accurately monitor and simulate expected reimbursements. By accurately calculating the expected reimbursement at the time of billing and comparing it to the posted payments and adjustments, PMMC Contract PRO pinpoints payment variances quickly and efficiently.

About PMMC

PMMC provides industry leading revenue cycle solutions to more than 400 hospitals and 21,400 physician clients. By finding additional cash and creating more efficient workflow processes, PMMC helps healthcare providers improve their margins so they can focus on serving their patients. PMMC is a Microsoft-certified provider and earned the Healthcare Financial Management Association (HFMA) Peer Review designation for its Contract PRO and Estimator PRO products, meeting an objective third-party assessment of overall effectiveness, quality, and value. PMMC also ranks No. 5 on the Largest Revenue Cycle Management Firms list according to Modern Healthcare Magazine. For more information, contact Brad Josephson at (704) 944-3081 or visit http://www.PMMConline.com.

View original post here:

Liberty Hospital Receives Bridging the Pricing Transparency Gap Leadership Award