CHICAGO ? Navigant Consulting Inc., a specialized independent consulting firm, and Ontario Systems, LLC, a leader in providing receivables management information systems to businesses, today announced they have formed a strategic alliance to serve the healthcare industry. Ontario Systems and Navigant Consulting combine best practices in revenue cycle management with years of healthcare consulting experience to offer a comprehensive solution to enhance a hospital?s revenue cycle.
Navigant Consulting?s Receivables Performance Management System (RPMS®) integrates best practice healthcare accounts receivable and denial management processes with Ontario Systems? Artiva™ system to accelerate and sustain improved cash collections for small and large providers. This joint implementation allows providers to make use of a best practice system and revenue management process. RPMS® allows critical financial and operational objectives to be met without replacing existing core hospital accounts receivable information systems. The implementation also costs significantly less than what existing stock solutions charge.
?The Ontario Systems and NCI relationship allows providers to implement a best practice turnkey solution that focuses on accelerating cash, standardizing revenue management and providing effective management reports without unplugging a hospital?s existing million-dollar AR system investment,? said Nelson Lowman, Principal with Navigant Consulting.
Today’s healthcare industry demands critical attention to revenue cycle and cash flow issues. However, many healthcare organizations have ineffective business processes and fragmented technology that block the return on past investments from being realized. Navigant Consulting?s clients have access to an integrated solution that targets critical areas and provides immediate improvement to a hospital?s bottom line.
?In many facilities today, administrators realize changes must be made in the revenue cycle but they cannot identify effectively what changes should be made,? said Steve Beard, Ontario Systems? Vice President, strategic relations. ?In addition, they lack the technology to implement the proper changes. We are excited about this product offering, which combines world-class technology with proven business processes.?
Navigant Consulting and Ontario Systems have applied their collective industry, regulatory and technical expertise to offer their healthcare clients state-of-the-art, HIPAA-compatible solutions to track, control and improve their entire revenue cycle with sustainable results.
For more information about RPMS® or for a free comprehensive assessment, contact Nelson Lowman at 410.454.6216, or Steve Beard, Ontario Systems? Vice President, strategic relations, at 765.751.7103, or via e-mail at RPMS@navigantconsulting.com.
About Navigant Consulting
Navigant Consulting, Inc. is a specialized independent consulting firm providing litigation, financial, restructuring, energy and operational consulting services to government agencies, legal counsel and large companies facing the challenges of uncertainty, risk, distress and significant change. The Company focuses on industries undergoing substantial regulatory or structural change and on the issues driving these transformations. ?Navigant? is a service mark of Navigant International, Inc. Navigant Consulting, Inc. (NCI) is not affiliated, associated, or in any way connected with Navigant International, Inc. and NCI?s use of ?Navigant? is made under license from Navigant International, Inc. More information about Navigant Consulting can be found at www.navigantconsulting.com.
About Ontario Systems
Ontario Systems, LLC provides receivables management solutions to organizations that manage large volumes of accounts receivable. These include hospitals, collection agencies, utility, bankcard and leasing companies. As the largest provider of receivables management products, including the FACS® and Artiva systems, Ontario Systems is recognized throughout the industry as the leader in technology and customer service. With operations in Indiana, Ohio and Washington, it is a privately held company based in Muncie, Ind. For more information, visit www.ontariosystems.com.