Thursday, October 20, 2005

Prince William Health System Chooses Perot Systems for Revenue Cycle Outsourcing

Agreement Brings Efficient, Cost Effective Solutions To Growing Health System

Perot Systems Corporation (NYSE: PER) announced [ Oct 13 2005 ] that the company has entered into an agreement to provide revenue cycle outsourcing solutions to Manassas, Virginia-based Prince William Health System.

Under terms of the seven-year agreement, Perot Systems will assume day-to-day operational and administrative responsibility for the business office functions and staff of the 170-bed healthcare delivery system. Perot Systems will provide billing, accounts receivable management, and third-party and self-pay collections services for Prince William, and will assume responsibility for its Medicaid eligibility services. The company will also deliver technology resources to implement contract and denial management systems for Prince William.

Of the agreement, Robert Riley, chief financial officer of Prince William Health System said, “Perot Systems clearly understands revenue cycle management and has demonstrated its commitment to producing sustainable results for our health system. In addition to the company’s expertise, we are excited about the professional development and training opportunities that Perot Systems brings to Prince William’s business office staff. It is this combination of expertise and staff development capabilities that led us to choose Perot Systems as our revenue cycle management partner.”

“We are pleased that Prince William has chosen Perot Systems,” said Joe Hodge, leader of Revenue Cycle Solutions for Perot Systems’ healthcare group. “Leveraging Perot Systems’ dedication to operational excellence and best practices, we are confident that we can help Prince William achieve a new level of financial efficiency that will help fuel its vision and strategy for growth, patient satisfaction and community service.”

Perot Systems currently 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. Prince William joins Seattle, Washington-based Northwest Hospital and Medical Center, and Michael Reese Hospital in Chicago, Illinois as Perot Systems’ newest revenue cycle solutions customers.

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