The FINANCIAL -- The Woodlands, Texas (Sept. 27, 2011) — In today’s quality-driven
healthcare environment, oncologists balance a commitment to provide
excellent, efficient care while ensuring the ongoing business success of
their practice.
Today, McKesson Specialty Health, a division of McKesson Corporation, announced that through its Onmark Select Program, it is now offering Innovative Practice Services to help oncology practices do both.
Innovative Practice Services is a unique, customizable business solution designed to support a practice’s financial health by providing the business, technology and clinical tools to improve their revenue cycle management and managed care strategy. This results in identifying revenue opportunities, increasing workflow efficiency, and creating the opportunity to achieve successful relationships with payers.
“Based on our vast and deep experience serving community oncology, McKesson Specialty Health is uniquely qualified to help practices better manage and predict their own revenue, as well as collaborate with payers to align reimbursement with quality and cost-effectiveness through the Innovative Practice Services offering,” said Bruce Broussard, CEO, McKesson Specialty Health. “With our expertise, practices are better able to thrive in today’s challenging economic climate.”
Through a targeted practice assessment, areas of opportunity are identified within a practice to help improve revenue, cash flow, and strategies to engage with managed care in pay-for-performance and value-based reimbursement. Based on the results of the practice assessment, Innovative Practice Services specialists partner with qualifying practices to develop actionable plans with management support to address their specific business and clinical needs.
“With all the challenges facing community oncology practices today, we are excited to offer consulting services that support practices in not only addressing their immediate financial concerns, but also positioning them for future financial success,” said Diana Verrilli, vice president and general manager, McKesson Specialty Health. “Given the financial headwinds that many practices face, including decreasing reimbursement from health plans, practices need to be better prepared to operate more effectively and efficiently. There are numerous ways our Innovative Practice Services assist and enable practices to achieve this, so they can focus on what’s most important...caring for patients.”
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