FOR IMMEDIATE RELEASE:

CONTACT:
Thomas Stevens, VP Business Development
Altary Inc.
1450-A Circle, Suite 200
Concord, CA 94520

http://www.altary-inc.com/
thomas.stevens
 

Mark Anderson
AC Group

mra

Debbie Schardt
Treo Solutions

dschardt

Altary Shifts to Indirect Sales Channel for Its Flagship Altary Denial Management™ Application

CONCORD, CA - 05/29/2003 - Today’s health care environment has put financial health at the top of most provider priority lists. As a result, visions of health care quality must be integrated with sound business practices to allow providers to collect the revenue they are entitled to. Since the typical hospital revenue cycle has a multitude of patient encounter touch points and providers need significant help to figure out the best order to proceed, Altary has shifted its selling efforts toward partnering with revenue cycle consultants.

Healthcare consultant and IT futurist Mark Anderson, CEO of the AC Group, has been working with Altary’s management team for the last 12 months and thinks this is the right move to accelerate results. “Altary Denial Management™ is a well-designed application that automates comprehensive denial management needs including analysis of denial data, appeal workflow, and rule-based denial prevention, and it needs to be presented to providers as part of a prioritized revenue cycle toolkit. Consultants can help providers feel confident about their implementation plan and generate important early victories that providers can then build on.”

Altary will streamline its staff around software development and integration skills so it can support unique business and solution strategies for each consulting partner. Mrs. Debbie Schardt, Director of Denial Management Solutions with Treo Solutions in Albany, New York, has worked closely with Altary at several industry events and agrees that providers need consulting support to implement a successful denial management initiative. “I see Altary’s new direction as confirmation that valuable healthcare outcomes depend on people, process, and technology improvements. Consultants can bring resources to bear on executive sponsorship, process improvement and initiative leadership which are essential to the denial management transformation.”

CEO Leonard Lafrance sees this as a natural business evolution. “It’s all about delivering measurable results to the customer and right now denial management initiatives have to be associated with a broader revenue cycle perspective to be really understood and embraced by providers. We have refocused the company to work closely with respected revenue cycle consultants to deliver the kind of net revenue performance providers need to be financially healthy. We have poured considerable talent and passion into building and marketing Altary Denial Management™ and we are now positioning ourselves to deliver extraordinary value to healthcare providers’ financial performance.”

# # #