ORTHOARKANSAS JOINS GROWING LIST OF LEADING ORTHOPEDIC GROUPS LEVERAGING ATHENAHEALTH’S NATIONAL PHYSICIAN NETWORK AND ON-DEMAND SERVICES
athenahealth CEO to speak at Arkansas MGMA Conference on the Emergence of Network-Based Business Services in the Physician Practice Community
LITTLE ROCK, Ark. & WATERTOWN, Mass. (September 16, 2008) – athenahealth, Inc. (NASDAQ: ATHN), a leading provider of internet-based business services to physician practices, today announced that a leading orthopedics and sports medicine group, OrthoArkansas, is now leveraging athenahealth’s on-demand practice management and billing service, athenaCollectorSM, for its physician organization.
“We have seen a number of leading orthopedic groups move away from software-based practice management systems and select athenahealth’s network-based services in order to increase operational performance and the overall patient experience,” said Bill Greene, Chief Executive Officer of OrthoArkansas. “As a leading and growing group, we did not want to sustain the costs associated with traditional software, so a web-hosted, service-based solution like athenaCollector was the obvious choice we felt would allow us to focus on optimizing our staff and multiple locations.”
“Our network-based services are designed to provide consistent and measurable results as well as a greater level of transparency, which is especially critical for a multi-facility specialty organization like OrthoArkansas and a core factor in why we are seeing more and more medical groups move away from trying to optimize stagnant software-only solutions,” said Jonathan Bush, Chairman and CEO of athenahealth.
athenaCollector is a physician revenue cycle management offering that integrates web-based practice management software, continually updated payer knowledge, and back-office processing specialists into a single service. athenahealth’s proprietary payer and clinical rules engine, athenaRulesSM, is a real-time database of payer rules and regulations with new rules being continuously added. The claims engine helps catch and correct billing errors before they are submitted in claims and lead to denials. The results can include increased collections, faster reimbursement cycles, and reduced administrative headaches for physician practices.
“We are thrilled to see one of the leading orthopedic practices in Arkansas select athenahealth’s on-demand practice management and billing platform. This is another validation that the Arkansas Medical Society made the right choice when it decided to partner withathenahealth. The AMSdoesn’t make a habit of recommending preferred companies, but in the case of athenahealth,the potential benefit to ourmedical groups in terms of improving their operational and financial success is tremendous and sets them apart from other companies,” said David Wroten, Executive Vice President of the Arkansas Medical Society. “We are also honored to have athenahealth’s Chairman and CEO, Jonathan Bush asa keynote speaker at the upcoming Arkansas MGMA Conference discussing the positive results network-based business services are delivering for medical groups in our state and across the country.”
The Arkansas MGMA event will be held on September 17-19th at the Inn of the Ozarks in Eureka Springs. Jonathan Bush will be speaking on Thursday, September 18th from 9:00-10:00am and 10:30-11:30am. For more information about the Arkansas MGMA, please call Patty Andrews at (800) 981-6462 .
Source: athenahealth
