PLANO, Texas, April 16 /PRNewswire-FirstCall/ -- Perot Systems Corporation today announced a new seven-year Revenue Cycle Solutions agreement with New York Downtown Hospital (NYDH). NYDH selected Perot Systems to deliver comprehensive Revenue Cycle Solutions that will provide management and patient financial service professionals in addition to technology and process improvements in order to drive improvements in cash collection. Under the terms of the agreement, Perot Systems will manage the operations of the NYDH patient financial services function. Perot Systems will utilize the people, processes, and advanced technology of its market-leading Revenue Cycle Solutions to reduce errors, improve through-put, and speed collections to help NYDH increase its cash collections.
"This engagement provides NYDH a new source for improvements in the revenue cycle with Perot Systems providing the additional resources to achieve higher performance. It is a comprehensive solution that addresses the entire revenue cycle, especially the front end processing, to bring technology, process improvement and revenue cycle professionals to drive cash collection improvement," stated Frank Vutrano, Senior VP and CFO for New York Downtown Hospital.
"We are pleased that New York Downtown Hospital has chosen Perot Systems as their service provider for Revenue Cycle Solutions. We are confident that our Revenue Cycle Solutions team will help take them to another level of financial performance. New York Downtown Hospital has a proud history and we look forward to being part of their future," stated Jim Mapes, Director of the Perot Systems' Healthcare Process Solutions Group.
Perot Systems' Healthcare business unit is a market leader in Revenue Cycle Services for Hospitals and Physician Practices, its Revenue Cycle Outsourcing line of business won more than 90 Revenue Cycle Solutions contracts in 2007, resulting in the collection of over $2.4 billion in cash and the resolution of over $4.6 billion in accounts receivable for their healthcare provider clients.
About New York Downtown Hospital
New York Downtown Hospital delivers state-of-the-art healthcare with the intimate attention and compassion of a community hospital. As the closest acute care hospital to the 600,000 people who work and live in Lower Manhattan, our mission is to serve the people who comprise the diverse business and residential communities of Wall Street, Chinatown, SoHo, TriBeCa, Battery Park City and the Lower East Side.
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 2007 revenue of $2.6 billion. The company has more than 23,000 associates located in North America, Europe, MENA and Asia. Additional information on Perot Systems is available at http://www.perotsystems.com/.
This press release contains forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. For factors that could affect our business and cause actual results to differ materially, please refer to our Annual Report on Form 10-K for the fiscal year ended December 31, 2007, as filed with the U.S. Securities and Exchange Commission and available at http://www.sec.gov/, as updated in our Quarterly Reports on Form 10-Q filed after such Form 10-K, 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.
CONTACT: Jonathan Moss of Perot Systems Corporation, +1-972-577-6395,
jonathan.moss@ps.net
Web site: http://www.perotsystems.com/
Company News On-Call: http://www.prnewswire.com/comp/122686.html /
