Cerner intros new RevElate patient accounting tool
The aim of the new revenue cycle management technology is to offer health systems more flexibility to integrate data from different sources, such as new provider acquisitions that use different IT systems.
Cerner this week announced the laundCerner RevElate, an accounting tool it says will boost the capabilities of its existing revenue cycle management offerings
WHY IT MATTERS
The new RevElate technology is designed to reduce complexity for provider customers, the company says, enabling easier management of data and workflows for health systems and streamlining clinical, billing and payer workflows.
As hospital mergers and acquisitions continue apace, the aim is to offer customers more flexibility to integrate data from disparate sources, including newly acquired and integrated organizations that may use other IT, the company says.
“It is expected to preserve and advance the clinically driven capabilities of Cerner Millennium while adding scalable, enterprise capabilities of Soarian Patient Accounting software,” according to Cerner, which says RevElate comes after heavy R&D investment and was developed after a “purposeful review of the company’s technology architecture and product portfolio” by Jerome Labat, the company’s chief technology officer.
“Cerner has been a pioneer in the initial wave of healthcare technology and has spent decades leading the way toward a more connected and efficient revenue cycle,” said Labat in a statement.
“As the industry continues to undergo a digital and data transformation, Cerner has also been evolving to best support healthcare organizations’ needs. We are proud we will be able to deliver an outcome of a very comprehensive and deliberate review of our technology architecture and product portfolio that is intended to deliver maximum value to health systems.”
THE LARGER TREND
Cerner says the plan is to “uplift” its clients’ existing patient accounting technology to the RevElate system in phases, and says it will work to prepare clients while creating a customized resource and implementation timeline.
It quotes one of those clients, Tampa, Florida-based BayCare Health System, which currently uses its Soarian Financials technology but plans to transition to RevElate by next year.
“Efficiently managing our enterprise revenue cycle process is paramount to the vitality of our organization,” said Lynda Gorken, vice president, patient financial services at BayCare Health System. “As a longtime client of Cerner’s, we are excited to bring the expected benefits of Cerner RevElate Patient Accounting to our patients and staff.”
ON THE RECORD
“Cerner has been working closely with clients to gather feedback and insights on how our software can drive better results and improve financial strength, especially as they are under tremendous pressure to be, and remain, profitable,” said Brenna Quinn, Cerner’s senior vice president, enterprise market solutions. “A focus of Cerner’s development journey is to simplify and automate revenue cycle through interoperability and improved usability both inside and outside of the suite of Cerner products we offer.”
