ATLANTA--(EON: Enhanced Online News)--,Navicure, a leading revenue cycle solution, today announced the company experienced record growth in its third quarter behind its best month ever in September. The company’s September bookings were a 125 percent increase over September 2012. Navicure’s third quarter results were a 31 percent increase over the previous year and a 41 percent increase over the company’s second quarter this year.
“Our health system was looking for a best-in-breed revenue solution and Navicure provides everything we’re looking for”
Several factors contributed to Navicure’s accelerated growth, including an increased demand to have solid revenue cycle management tools in place as organizations prepare for numerous industry changes. New clients acknowledge they chose Navicure as their revenue cycle solution because of the company’s ICD-10 preparedness, coupled with their performance during the 5010 transition. In addition, clients noted that Navicure provides extra value through their acclaimed client service and the variety of complimentary educational resources available to help with ICD-10 training, including www.ICD10Hub.com and the newly launched ICD-10 Analyzer™.
“Every healthcare organization is facing a multitude of changes right now, especially as they prepare for ICD-10. They’re increasingly in need of technology partners with proven track records of helping their clients through similar challenges. History is the best predictor of the future, so we’re pleased that our new clients have put their confidence in us,” said Jim Denny, founder, president and CEO of Navicure. “We’re doing what we can to help not only our clients but our industry transition through ICD-10 with as little disruption as possible. We think that resources like ICD10Hub.com and ICD-10 Analyzer can really help.”
Navicure’s revenue cycle management solutions help practices increase profitability through improved claims reimbursement and staff productivity. Some of the new clients who selected Navicure during the third quarter of the year include:
- Care New England Health System, a 700-provider health system based out of Providence, R.I., serving the southeastern New England region at several hospital and physician practice locations. The health system is dedicated to the advancement of medical education, research and patient care.
- Sumner Medical Group, located in Gallatin, Tenn., is a multi-specialty practice with 34 providers focused on providing high-quality care 24 hours a day, seven days a week, in a patient-centered, ethical and moral environment.
- Tanner Clinic is a multi-specialty practice with 80 providers serving Davis County, Utah, and is the largest clinic in the area. They provide services ranging from primary care to complex surgery for all ages.
“We needed a new revenue cycle management partner that could help us improve billing workflow, specifically with online claims correction, improve back-end processing and enhance our turnaround on remit delivery,” said Kevin Spainhower, business services director at Tanner Clinic. “We had worked with Navicure previously, so we were confident they could not only help us with all of these items, but also provide us with outstanding client service.”
“Our health system was looking for a best-in-breed revenue solution and Navicure provides everything we’re looking for,” said Bill Florio, physician practice applications director at Care New England Health System. “Their excellent service and support track record are just part of why we chose Navicure. The solution integrates seamlessly with our practice management system and allows for regional payer connectivity, which is essential to our business.”
Navicure is a leading revenue cycle solution that helps physician practices, billing companies, and hospitals increase profitability through increased revenue, faster cash flow, and staff productivity. Serving over 50,000 healthcare providers nationwide, Navicure’s solutions automate account receivables processes, including primary and secondary claims reimbursement; patient eligibility verification; rejected and denied claims management, including appeals; electronic remittance and posting; claims and remittance reporting and analysis; and patient statement processing. Navicure’s solution is supported by its unique 3-Ring® Client Service which guarantees that a client service representative will answer every client call in three rings or less, even during times of transition such as 5010 and ICD-10.
Navicure is the exclusive revenue cycle solution of the MGMA AdminiServe® Partner Network. The company received “Best in KLAS” distinctions for the claims and clearinghouse services market segment as part of the 2008, 2010 and 2012 Best in KLAS Awards: Software & Services report (www.KLASresearch.com). KLAS is a leading source of information on healthcare information technology vendor performance. Navicure also received the 2013 Gold Stevie Award for Healthcare Customer Service Team of the Year as part of the 2013 Stevie Awards for Sales and Customer Service.
Navicure is the founding sponsor of www.icd10hub.com, a free educational website devoted to making physician practices’ transitions to ICD-10 easier. Additionally, ICD-10 Analyzer by Navicure (navicure.com/icd10analyzer) is a complimentary online tool that enables medical billers to identify the ICD-9 codes that will most impact a user’s payer reimbursement and suggest corresponding ICD-10 codes. Navicure continues to be ranked among the fastest growing companies nationally in the Inc. 5000 and Deloitte Fast 500 rankings. For more information, please visit www.navicure.com.