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New HTP White Paper Provides Road Map for Revenue Cycle Automation

HTP, Inc., a leading provider of solutions enabling health care information exchange, announced today the release of a white paper entitled "Mission: Revenue - Enabling Technologies for Achieving New Best Practices in Revenue Cycle Management Automation for Healthcare."

The white paper provides a roadmap for health care revenue cycle automation, with special focus given to presenting new best practice processes and clearly identifying those technologies that can be implemented now to deliver an immediate ROI. The report is intended for health care providers looking to improve their financial performance while increasing patient satisfaction.

"Rising health care costs are leading more insurers and employers to shift a greater share of costs to consumers," said Ray Shealy, HTP chief executive officer. "As a result, patient revenue is becoming increasingly important to a hospital's bottom line. By using new, comprehensive technology solutions and cost saving best practices, hospitals can automate patient access and streamline the entire revenue cycle."

The "Mission: Revenue" white paper offers insight on a series of new revenue cycle best practices that are essential to the financial health of today's hospitals. Each best practice is then broken down into succinct processes and affiliated technology solutions that, when combined, enable the desired outcomes of increased efficiency, reduced costs, improved patient satisfaction and true pricing transparency.

The white paper also provides a case study on how these best practices were successfully used by The Ohio State University Health System to recover $3.7 million hidden in its self-pay accounts during their first 12 months of working with HTP.

"Any healthcare provider that does not implement these best practices is living in the past," said Sue Alden, director of access management for The Ohio State University Health System. "HTP has defined new standards for revenue cycle management and has the foresight to take it to the next level."

Return on investment statistics from the OSU Health System and other success stories are included in the white paper, along with a forward-thinking perspective on the concept of Community-Based Revenue Cycle Management.

Download the whitepaper by visiting www.htp-inc.com.

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