VHA Inc., the national health care alliance, today introduced MasterLink™, an easy-to-use Web-based software tool for ongoing analysis of supply costs and charges. MasterLink was co-developed by VHA and Accuro Healthcare Solutions, the single-source provider of advanced revenue management tools, to help VHA members accurately and efficiently link patient charges with supply costs so they can improve the capture of billable expenses.
"VHA is committed to delivering supply chain and revenue cycle management services that drive sustainable results for our members," says Scott Downing, group senior vice president for supply chain services at VHA. "With the introduction of MasterLink, our members now have a proven solution to seamlessly link their supply chain and revenue cycle data so they can make better business decisions."
MasterLink, which is designed to use data from VHA's Global Spend Analysis and Accuro's CodeCorrect CDM, provides VHA members with a common and consistent framework for linking purchasing and charge information so they can identify discrepancies and take steps to make sure they are accurately reimbursed for their expenses.
In addition, MasterLink will provide members with timely pricing information and help them provide accurate and consistent mark-up across all departments so they can improve charge capture for billable supplies.
"In today's health care marketplace, hospital pricing must not only be transparent, it must also be rational and defensible," said David Karnes, vice president, products, Accuro Business Intelligence. "MasterLink allows VHA members to establish and maintain a defensible pricing strategy. In addition, VHA member hospitals will improve their ability to optimize their revenue by improving charges for billable supplies."
VHA Inc., based in Irving, Texas, is a national health care alliance that provides industry-leading supply chain management services and supports the formation of regional and national networks to help members improve their clinical and economic performance. With 17 offices across the U.S., VHA has a track record of proven results in serving more than 2,400 health care organizations nationwide
Accuro is the industry leader in revenue management solutions to help providers achieve optimal financial results in an era of ever-diminishing resources and expanding regulatory complexities. The company's Web-based applications help maintain an accurate chargemaster to improve reimbursement and ensure compliance; calculate expected payment and manage net revenue; address transparent pricing issues with rational, yet optimum prices; monitor and manage payor performance, and deliver pioneering business intelligence and analytics, including denials management.
