LAS VEGAS, Feb. 29, 2016 /PRNewswire/ -- Deloitte announced today that it has earned the 2015/2016 Best in KLAS award for Revenue Cycle Transformation in recognition of its outstanding efforts and results enabling clients to revolutionize their revenue cycle using a broad new approach to revenue cycle redesign.
The Best in KLAS designation is reserved for vendor solutions that lead the software and services market segments with the most significant impact on operational and clinical impact on health care organizations. Deloitte's comprehensive revenue cycle services include strategic advisory services, process redesign, technology enablement, organizational design and performance management. Deloitte provides clients with strategy and implementation approaches that consider the people, process and technologies that typically result in revenue cycle success. Offerings include innovative analytics provided by Revenue Intellect™, developed to help identify hidden or difficult to find sources of revenue loss. Revenue Intellect enables users to access data at the deepest levels for improved revenue cycle performance and provides a subscription solution for sustaining demonstrated benefits.
"We are honored to be awarded the Best in KLAS title and to be recognized by our clients for our ability to help them drive value in their revenue cycle," said Courtney Thayer, principal and national leader of sustaining margin and revenue cycle at Deloitte Consulting LLP. "We are especially honored to receive this designation this year as it further validates our new and expanded approach to revenue cycle that we call the 'revenue evolution.' They are new tools and methodologies for traditional and value-based payment environments that can result in revenue enhancement, system optimization and disruptive cost reduction for acute, physician and ambulatory providers, as well as subacute and retail providers."
Providers in multiple care settings are currently navigating changing priorities within the revenue cycle function – including: the rise of high deductible health plans (HDHPs); increased patient financial responsibility; mandate for cost management; intersections with clinical documentation and revenue cycle; and the need to maximize collections in both traditional and new payment environments. With this increase in complexity, Deloitte's revenue-cycle solutions aim to help provider clients build sustainable margins as they face challenges, including meeting more complicated billing requirements, providing appropriate documentation, driving cost efficiency and ensuring transparency throughout their process.
"To receive this distinction from KLAS is truly a point of pride for Deloitte," said Tony Obey, principal and national provider leader at Deloitte Consulting LLP. "This title is an indication that we are a leader in revenue cycle solutions but, more importantly, our transformational advisory and technology services are making an impact for our clients and helping them achieve their goals, including capturing additional revenue, accelerating cash flow, reducing operating costs and increasing efficiency all while helping improve the patient experience."
Deloitte will be exhibiting at HIMSS16 in Las Vegas, Feb. 29 to March 4 in booth #2544. To schedule a meeting, including demonstrations of Revenue Intellect™, contact jlouis@deloitte.com. For more information about HIMSS16, visit http://www.himssconference.org/.
About Deloitte Consulting LLP
Deloitte helps organizations grow their businesses and enhance value by identifying actionable insights. More than 23,000 professionals provide a broad range of capabilities across human capital, strategy and operations, innovation and technology that are aligned to the particular needs of specific sectors, businesses and organizations. Deloitte provides clients with leading business insights that can help generate a tangible and measurable impact.
About KLAS
KLAS is a research and insights firm on a global mission to improve healthcare delivery by amplifying the provider's voice. Working with thousands of healthcare professionals and clinicians, KLAS gathers data and insights on software, services, and medical equipment to deliver timely reports, trends and statistical overviews. The research directly represents the provider voice and acts as a catalyst for improving vendor performance. Follow KLAS on Twitter at www.twitter.com/KLASresearch.
As used in this document, "Deloitte" means Deloitte Consulting LLP, a subsidiary of Deloitte LLP. Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. Certain services may not be available to attest clients under the rules and regulations of public accounting.
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SOURCE Deloitte
