PLANO, Texas, Aug. 31 /PRNewswire-FirstCall/ -- Perot Systems Corporation today announced that the company has entered into an agreement to provide revenue cycle outsourcing solutions to Northwest Hospital & Medical Center, based in Seattle, Washington.
Under terms of the 10-year agreement, Perot Systems will assume operational and administrative responsibility for the business office functions of the 281-bed health care delivery system. Perot Systems will provide billing, accounts receivable management, and third party and self-pay collections services for Northwest. In addition to on-site support, the company also will use its Nashville, Tennessee and Bowling Green, Kentucky service centers to bring Northwest an all-encompassing revenue cycle solution.
"Perot Systems has a demonstrated track record of success with revenue cycle management, and we are pleased to be working with them," said Robert Steigmeyer, vice president and chief financial officer of Northwest Hospital & Medical Center. "A relationship with Perot Systems brings Northwest a wealth of healthcare revenue cycle expertise and best practices that we hope to leverage to further enhance our financial performance. Moreover, rapidly identifying and realizing improvements in an already well run business office can be challenging. We believe Perot Systems can help take us to the next level of performance."
Perot Systems serves more than 350 hospitals with information technology and business processing solutions, and is known for its innovative approach to helping providers leverage improvements in the revenue cycle to fund strategic healthcare technology initiatives. "We are honored to be chosen by Northwest for revenue cycle solutions," said Joe Hodge, leader of Revenue Cycle Solutions for Perot Systems' healthcare group. "Northwest joins a quickly growing list of hospitals and health system revenue cycle customers that benefit from our expertise, technology, and scale to enhance revenue cycle metrics. We look forward to implementing a robust revenue cycle management strategy and helping Northwest to self fund its long-term healthcare technology programs."
About Northwest Hospital and Medical Center
Northwest Hospital & Medical Center, located at 1550 N. 115th St. in North Seattle, opened in 1960 as a nonprofit community hospital. Currently, it has 281 licensed beds and more than 1,600 employees. Major clinical programs and services include: emergency services, critical care, cardiac care, stroke care, cancer care, childbirth services, rehabilitation care, neurosciences, diagnostic imaging, geropsychiatric center, Gamma Knife(R) Center, laboratory services, and education and wellness programs. Additional information on Northwest Hospital & Medical Center is available at http://www.nwhospital.org .
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 .
This press release contains forward-looking statements. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "forecasts," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," or "continue" or the negative of such terms and other comparable terminology. These statements are only predictions. Actual events or results may differ materially. Please refer to our Annual Report on Form 10-K/A for the fiscal year ended December 31, 2004, as filed with the U.S. Securities and Exchange Commission and available at http://www.sec.gov , for additional information regarding risk factors. We disclaim any intention or obligation to revise any forward-looking statements whether as a result of new information, future developments, or otherwise.
Perot Systems CorporationCONTACT: Sharon Lakes of Perot Systems Corporation, +1-972-577-6012, orfax, +1-972-577-5142, or Sharon.Lakes@ps.net
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