Advanced contract management technology solutions and associated services will address hospital-based claims and payment recovery services
On June 21st, Emdeon announced the acquisition of Chapin Revenue Cycle Management, LLC (“Chapin”). Based in Tampa, Florida, Chapin is a leading technology-enabled provider of hospital-based revenue cycle services including accounts receivable management, medical denials, appeals and collection improvement initiatives.
Chapin utilizes a proprietary contract management system built specifically for rapid and precise calculations of reimbursement amounts from all types of healthcare payers and contract arrangements. By leveraging this technology and Chapin’s extensive experience in outsourced hospital revenue cycle management services, Emdeon will offer an added service layer designed to enhance the financial performance of institutional healthcare providers across its broad network.
“Healthcare providers continue to face financial challenges associated with rising accounts receivable balances, inaccurate claim submissions and declining cash collections from unpaid or underpaid claims,” said George Lazenby, chief executive officer for Emdeon. “Our acquisition of Chapin will help Emdeon address these industry-wide problems and strengthen our already solid foundation in revenue cycle management solutions across the entire patient encounter.”
In addition to expanding its service portfolio, the acquisition of Chapin further advances Emdeon’s payment integrity initiatives focused on lowering administrative costs and improving accuracy in the billing and payment cycles of both payers and providers. The transaction also will strengthen Emdeon’s ability to drive continued acceleration of the hospital revenue cycle where Emdeon already offers leading technology solutions including eligibility, claim submission, collection, posting, denial management and patient billing.
“Chapin operates as an extension of a provider’s patient financial services staff focusing on specific revenue cycle issues in which providers historically lacked the tools or resources to adequately address,” said Keith Henthorne, executive chairman for Chapin. “Enabling Chapin’s solutions within the Emdeon network will help hospitals improve collections and their ability to cost effectively bill for and monitor complex contractual arrangements.”
For more information about Chapin Revenue Cycle Management, view our recent Press Release or call us at 877.EMDEON.6 (877.363.3666).
Emdeon Acquires Chapin to Enhance Provider-Focused Payment Integrity
