PLANO, Texas, July 27 /PRNewswire-FirstCall/ -- Perot Systems Corporation today announced that the company has signed a revenue cycle outsourcing agreement with Michael Reese Hospital and Medical Center (MRHMC), a Doctors Community Healthcare Corporation (DCHC) facility located in Chicago. Under terms of the seven-year agreement, Perot Systems will assume operational and administrative responsibility for the business office functions of the 351-bed integrated care delivery organization.
Perot Systems, which serves more than 350 healthcare providers with information technology and business processing solutions, will now manage billing, financial management and reporting, accounts receivable, third party and self-pay collections, service center activities; and patient accounting system support for MRHMC. Perot Systems’ approach will blend technology, expert staff and proven best practices to assist MRHMC with strengthening the financial viability of the 124-year-old institution.
Of the agreement, MRHMC CEO and chairman of the board, Dr. Enrique Beckmann said, “Entrusting the business office to Perot Systems ensures that MRHMC stays focused on its mission of creating a patient-centered institution that empowers our community and physicians. We are confident that Perot Systems will deliver what it has promised in terms of value and expertise.
“We are pleased to enter into this new relationship with MRHMC. This agreement validates Perot Systems’ ability to combine talented people, efficient processes and technology to produce sustained and measurable results,” said Joe Hodge, leader of Revenue Cycle Solutions for Perot Systems’ healthcare group. The company is assisting three other DCHC facilities with revenue cycle operations. Perot Systems’ demonstrated experience with revenue cycle outsourcing has delivered more than $20 million in incremental cash to its customers in FY 2005.
“Perot Systems’ understanding of the unique needs of MRHMC combined with their strong track record for delivering results were among the reasons we chose to partner with Perot Systems,” said Phillip Robinson, chief financial officer for MRHMC. “We are looking forward to working with the company on initiatives to enhance revenue and increase cash flow.”
About Michael Reese Hospital and Medical Center
Michael Reese Hospital is a 351-bed facility that offers a comprehensive array of inpatient and outpatient services. These services range from diabetes management and wound care to full Level III maternity, neonatal and pediatric care and a full range of internal medicine and surgical services. Founded in 1881, the hospital initially opened its doors to provide care to poor immigrants. Michael Reese has continued its mission over the past 124 years to provide quality, compassionate care to all members of the community, especially the underserved. Michael Reese is strategically directing its resources to serve the unmet needs of its community in primary care, cardiovascular disease, pulmonary and critical care, services for mothers and babies and obesity-related diseases. The hospital continues its commitment to teaching and research by preparing students of all disciplines to be tomorrow’s leaders. Visit http://www.michaelreesehospital.com for more information.
About Perot Systems
Perot Systems is a worldwide provider of information technology services and business solutions. Through its flexible and collaborative approach, Perot Systems integrates expertise from across the company to deliver custom solutions that enable clients to accelerate growth, streamline operations and create new levels of customer value. Headquartered in Plano, Texas, Perot Systems reported 2004 revenue of $1.8 billion. The company has more than 16,000 associates located in North America, Europe, and Asia. Additional information on Perot Systems is available at http://www.perotsystems.com .
Perot Systems Corporation
CONTACT: Sharon Lakes of Perot Systems Corporation, +1-972-577-6012, orfax, +1-972-577-5142, or Sharon.Lakes@ps.net
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