ATLANTA--(BUSINESS WIRE)--Desert Valley Radiology, PLC, a physician-owned private practice with six locations in the Phoenix area, has partnered with McKesson Business Performance Services (McKesson) for revenue cycle management and assistance with regulatory compliance, including mandated quality reporting.
McKesson will provide the practice with comprehensive revenue cycle management services, including coding, billing, claims submission, denial management and financial reporting. McKesson will also help Desert Valley meet the physician reporting requirements of the Centers for Medicare & Medicaid Services’ Physician Quality Reporting System (PQRS), as well as prepare for the ICD-10 coding system transition in October 2015. Desert Valley previously handled coding, billing and compliance through a separately held billing company.
“Radiology is facing a number of external challenges today, from declining reimbursements and rising costs to quality reporting mandates and other major regulatory hurdles,” said Michael McGovern, practice administrator.
“We did our homework and concluded that McKesson was the only company with the depth of resources and expertise needed to help us address the issues confronting us. We are particularly enthusiastic about the ways McKesson can assist in the compliance area, including PQRS reporting and transitioning to ICD-10. Reducing audit risk in today’s environment has become a critical objective.”
McGovern added that McKesson’s dedicated implementation team has been able to accelerate the billing system transition for the practice. “There are always hiccups with something of this magnitude, but McKesson has been extremely responsive when issues do crop up and as a result, the process is ahead of schedule.”
Pat Leonard, president of McKesson Business Performance Services, said the partnership with Desert Valley reflects the increased demand for McKesson’s comprehensive revenue cycle management solutions among established and successful radiology practices.
“Few physician specialties have been as hard hit as radiology when it comes to the combined impact of reimbursement reductions, regulatory requirements and compliance audits,” Leonard said. “We look forward to working closely with Desert Valley to help them sustain their profitability while continuing to provide unmatched service to the residents of the greater Phoenix area.”
About Desert Valley Radiology PLC
Desert Valley Radiology PLC, is a physician-owned, private practice operating in six locations in the Phoenix, Arizona, area. The practice, which is focused on outpatient imaging, works to deliver the highest quality outpatient imaging services in Arizona through outstanding customer service, sub- specialized interpretation and reporting utilizing a fully integrated and accessible medical information system. For more information, visit www.dvrphx.com
About McKesson
McKesson Corporation, currently ranked 14th on the FORTUNE 500, is a healthcare services and information technology company dedicated to making the business of healthcare run better. We partner with payers, hospitals, physician offices, pharmacies, pharmaceutical companies and others across the spectrum of care to build healthier organizations that deliver better care to patients in every setting. McKesson helps its customers improve their financial, operational, and clinical performance with solutions that include pharmaceutical and medical-surgical supply management, healthcare information technology, and business and clinical services. For more information, visit www.mckesson.com.