DALLAS, July 12 /PRNewswire/ -- XactiMed, a provider of claims, remittance and denial management revenue cycle solutions to the healthcare industry, today announced that Houston-based Memorial Hermann Healthcare System will implement XactiMed’s full suite of revenue cycle solutions including XClaim (claim processing and submission), XRM (remittance processing), Automated Claims Status and Denial Management.
“XactiMed’s revenue cycle solution was without question the most responsive to our business initiatives,” said Michael Bennett, Memorial Hermann Healthcare System’s Assistant Vice President of Operations Finance/Patient Business Services. “We are very impressed with the financial and operational benefits that XactiMed is bringing to healthcare organizations across the country. We chose XactiMed because of their applications’ flexibility, ease of use, and ability to automate manual processes while increasing processing speed. Additionally, we believe that XactiMed provides the level of responsiveness and customer service that Memorial Hermann requires of its vendors.”
“Being selected vendor of choice by an organization as prestigious as Memorial Hermann Healthcare System highlights what XactiMed is accomplishing and where we are headed as a company,” said Darin LeGrange, XactiMed’s President and Chief Executive Officer. “Memorial Hermann conducted an extremely vigorous evaluation, the kind of due diligence that XactiMed always welcomes and encourages. It was through that scrutiny that Memorial Hermann realized how seamlessly XactiMed’s system can be integrated and customized to their specific revenue cycle requirements to produce industry leading efficiency and profit-enhancing results. Memorial Hermann’s evaluation truly was the acid test, and I believe that XactiMed’s performance reflects the high quality of product and service XactiMed offers to hospitals and physician organizations.”
Memorial Hermann is the leading healthcare provider for the greater Houston and southeast Texas communities. Memorial Hermann is comprised of nine acute care hospitals, 2 long-term acute care hospitals, a physician network, retirement living, home health and air ambulance services. Totaling 3,189 licensed beds, Memorial Hermann is the largest not-for-profit healthcare organization in Texas and nationally recognized as the originator and owner of the LifeFlight(R) air ambulance service. Memorial Hermann is currently undergoing a $420 million expansion program, and is the teaching institution of The University of Texas Medical School at Houston.
About XactiMed
XactiMed provides web-based revenue cycle solutions and outsourcing services to the healthcare industry. XactiMed’s claims, remittance and denial management solutions improve efficiency and effectiveness across the revenue cycle resulting in improved financial performance for the hospitals we serve. Based in Dallas, Texas, XactiMed was founded by DT Nguyen in 1998. XactiMed is a private company backed by Buena Venture Associates, L.P., an investment fund founded by Sid R. Bass, and Lee M. Bass Inc., of Fort Worth, Texas.
Contact Us
For more information on XactiMed and its advanced revenue cycle solutions for the healthcare industry, please contact Jon Meehan (214) 382-3503 or jmeehan@xactimed.com . Visit us at http://www.xactimed.com/ .
XactiMed
CONTACT: Jon Meehan of XactiMed, +1-214-382-3503, orjmeehan@xactimed.com
Web site: http://www.xactimed.com/
