DSH Management Solutions - Whats New...
Nashville, TN. ,October 1, 2007/PRNewswire-FirstCall -- THA Solutions
Group announced today the endorsement of DSH Management Solutions, LLC (DMS) as
the preferred vendor for Medicare disproportionate share hospital (DSH)/340B revenue/expense
management.
“Hospitals in Tennessee are operating in an increasingly difficult financial environment,
“said Craig A. Becker, president, Tennessee Hospital Association (THA). “Services
provided by DMS can assist institutions in maintaining financial viability, and
allow a continuation of services to those that cannot afford healthcare insurance.
We believe the shift to proactive management of Medicare DSH revenue and 340B pharmacy
cost reduction provided by DMS’s MDSS© proprietary system can be beneficial to hospitals.”
Robert Gricius, president, DMS, noted, “We look forward to working with THA Solutions
Group
to provide
added value to its membership by helping to quantify the community benefits provided and through the provision of tools to ensure that hospitals receive
the full amount of financial benefits available from the Medicare DSH and 340B outpatient
pharmacy expense reduction program. We believe
the ’perfect storm’ confluence of regulatory, judicial and healthcare data set standardization
presents a unique and
timely opportunity for hospitals to capitalize on retrospective Medicare components
of federal revenue, improve 340B revenue, and prospectively manage market share
and revenue streams from the federal Medicare DSH and 340B programs.”
(Bill) F. Jacobs, Jr., president, WFJ Associates, will be leading the marketing
program for Tennessee. Jacobs is a long-time hospital executive who understands
the financial issues facing hospitals today and has worked with THA in the past.
Jim Wade, regional vice president, WFJ Associates, also will be working with THA
Solutions Group.
DMS’s (www.dshmgmtsys.com) MDSS© software suite is a remote hosted, HIPAA compliant, 256-bit SSL secure system available as a stand-alone product that can be leased and operated by clients, serve as the basis for partial or complete outsourcing of client-defined Medicare DSH/340B
revenue cycle management, or used by DMS in a consulting engagement. The system cross references and integrates current and historical hospital admission data, real-time regional and national eligibility/entitlement/claims data; statewide public discharge databases, and federal/state mandated benefit coverage rules-based tables.
For further information contact:
James E. Byrd, vice president, THA Solutions Group, 800-258-9541, jbyrd@tha.com
Robert Gricius, President, DSH Mgmt Solutions, LLC at (888) 550-2708 x705) or robertgricius@dshmgmtsys.com
William Jacobs, President of WFJ Associates @ 804-883-7292 or wfjacobsjr@aol.com
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