McKesson : Provides Illinois Radiology Group with Revenue Cycle, Financial Management Assistance

March 30, 2015

Elmhurst Radiologists SC, an imaging practice based in the Chicago suburb of Elmhurst, Ill., has selected McKesson Business Performance Services (McKesson) to provide integrated revenue cycle, financial management and strategic consulting services. Partnering with McKesson will create continuity across the group's billing and financial processes, while enabling effective planning for the future.

Under the agreement, McKesson will take responsibility for a full range of financial processes, including accounting, payroll, accounts payable, quarterly financial reporting, vendor sourcing and coordination with benefit administrators. Revenue cycle services will include clinical documentation assistance, coding, claims management, denial management, compliance and business intelligence reporting.

McKesson will also support the group with strategic assistance on issues ranging from hospital and payer contracting to staffing, recruiting, compensation development and potential mergers and affiliations. Elmhurst is a 12-physician practice operating from a state-of-the-art facility within Elmhurst Memorial Hospital. The group conducts about 188,000 procedures annually.

Lee Dennis, MD, Elmhurst's president, said the practice chose McKesson on the strength of the company's strong local and regional references, as well as its ability to provide a comprehensive financial and strategic solution.

"There comes a time when change is not only wise but necessary," Dennis said. "As healthcare has become increasingly competitive and complex, we've realized that we need to develop a more sophisticated and responsive financial foundation, as well as a clearer strategic vision. McKesson is uniquely equipped to help in both areas. They have a wide range of experience and expertise, and come highly recommended from peer organizations in our area."

Dennis added that using McKesson's benchmark contracting and compensation data to improve competitiveness is just one example of the many ways the company will be able to help strengthen the practice going forward.

Pat Leonard, president of McKesson Business Performance Services, said that physician groups increasingly are seeking assistance not only with their revenue cycle but also their financial management and operations.

"The business side of medicine has become exponentially more complex and thus demands greater management sophistication and a higher level of expertise," Leonard said. "Unfortunately, the days when practices could rely simply on a bookkeeper to manage their affairs are gone. We look forward to working with Elmhurst Radiologists to help ensure that they can remain successful, despite the dramatic changes that continue to unfold in medicine."

Elmhurst Radiologists SC, based in Elmhurst, Ill., is a 12-physician practice affiliated with Elmhurst Memorial Hospital. The organization provides a full range of imaging services and conducts about 188,000 procedures annually.

McKesson Corporation
Sandy Laudenslayer
770-237-7820
Sandy.Laudenslayer@McKesson.com