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TELCOR Partners with McKesson Provider Technologies
LINCOLN, Nebraska – March 27, 2009 – TELCOR Inc, an industry leader in Outreach Information Systems which includes the TELCOR Billing Information System, announced today a new relationship with McKesson’s Revenue Management Solutions group. McKesson currently helps clinical and molecular laboratories compete with the nation's largest laboratory services by providing a cost-effective billing and practice management solution that helps improve the financial performance of the lab. The combination of TELCOR’s Billing Information System and McKesson’s billing and practice management expertise provides laboratories the tools they need to proactively manage the profitability of their labs, helping to increase revenue, reduce denials and deliver enhanced reporting and information.
“Laboratories need to be able to compete effectively and get paid for their services,” said Mitch Fry, Senior Vice President at TELCOR. “With this new relationship, clients will have an additional choice of using McKesson’s outstanding billing and accounts receivable services coupled with a billing information system that has proven results. TELCOR’s Billing Information System is written and developed with current technologies, including Microsoft SQL 2005 and .NET architecture, and uses a workflow that provides effective billing, management and decision support.”
The TELCOR Billing Information System is designed to efficiently and effectively control the billing and collection processes required to achieve improved billing results. It eliminates compromises often required by billing applications designed for the hospital or practice management environments. It improves customer satisfaction and business office workflow and provides tools that assist with sales and operational management.
TELCOR is currently utilized by 25 labs throughout the United States representing 16 million tests/accessions. With the outreach lab market growing annually by 17%, McKesson will be well positioned to capture this market segment with the combined value of their services and the TELCOR solution.
About TELCOR
TELCOR, an employee owned company founded in 1995, is an industry leader in the laboratory outreach and point of care markets, providing unparalleled software products and services and exceptional customer support. TELCOR’s products follow an extensive set of quality practices and are HIPAA compliant. TELCOR’s proven implementations are performed by clinically experienced, IT knowledgeable resources who understand each customer’s unique environment.
About McKesson
McKesson Corporation, currently ranked 18th on the FORTUNE 500, is a healthcare services and healthcare information technology company dedicated to helping its customers deliver high-quality healthcare by reducing costs, streamlining processes, and improving the quality and safety of patient care. McKesson is a leader in revenue management solutions, helping physicians and laboratories optimize reimbursement, minimize risk and increase revenue in order to keep more of what they earn. For more information, visit www.mckesson.com/labservices
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