KeyBank (NYSE: KEY) and Donnell Systems Inc. have
signed an agreement to jointly market a new product for physicians'
offices that significantly improves management of healthcare
reimbursement, expedited claims processing and compliance with HIPAA
regulations.
The product, an
integrated image lockbox called Key2Image Lockbox Remittance
Manager, combines Donnell System's OCIE(TM) with Key's existing
lockbox image service. The first customer for the integrated product
is MaternOhio, a Columbus, Ohio, physician services organization
that provides management services for more than 100 obstetricians
and gynecologists throughout the
state.
Mike D'Eramo, MaternOhio's
executive director, finds the benefits are unmatched. "From
accelerated payment posting to heightened customer service, this
solution makes good business sense," he
said.
Key2Image Lockbox Remittance
Manager enables MaternOhio to post deposits the same day, which not
only improves cash flow, but also accelerates the revenue cycle,
yielding a high return on investment. Through image technology,
Donnell Systems' OCIE(TM) will also minimize the cost of document
storage and retrieval by matching patient information within the
billing system.
"This unique
product is very important to the marketplace because it allows
health care organizations to take a basic image service to the next
level. Through one electronic window, they can use this system as a
more efficient means of research and document retrieval," said Lynda
Umbreit, KeyBank Commercial Banking cash management sales
officer.
D'Eramo said that his
physician offices' patients will truly reap the benefits.
"When patients call us for information, our business office
employees now have complete access to all documentation at their
fingertips," he said.
Bruce
Wildes, Eastern Region sales manager for Key's eBusiness sees
clients wrestle with document management challenges every day.
"Physicians practices and other health care organizations are
drowning in paperwork, particularly since the institution of HIPAA."
Wildes said. "This solution helps them solve this problem in ways
they've never been able to do before," said
Wildes.
An acronym for Online
Computer Information Exchange, OCIE collects report data and
document images from anywhere within an enterprise. Information is
automatically indexed, archived, secured, and available for
authorized users to view, search, analyze, annotate, data mine, and
extract. OCIE is beneficial to the enterprise far beyond basic
viewing and Web-based distribution. It offers broad functionality
that includes on-demand printing, form overlay viewing and printing,
ad-hoc reporting, and the ability to unlock and mine data from
legacy reporting systems for use in applications and
databases.
Key2Image Lockbox
Remittance Manager is available to KeyBank customers immediately, as
a part of KeyGuide, a suite of scalable eBusiness products, services
and solutions. KeyGuide offerings include electronic invoice
presentment and payment (EIPP), enterprise resource planning (ERP),
document management and more. For more information, visit
http://www.key.com/keyguide
or call (216) 689-3419.
About
KeyBank
Cleveland-based KeyCorp is
one of the nation's largest bank-based financial services companies,
with assets of approximately $86 billion. Key companies
provide investment management, retail and commercial banking,
consumer finance, and investment banking products and services to
individuals and companies throughout the United States and, for
certain businesses, internationally. The company's businesses
deliver their products and services through KeyCenters and offices;
a network of nearly 2,200 ATMs; telephone banking centers
(1.800.KEY2YOU); and a Web site, Key.com(R), that provides account
access and financial products 24 hours a day.
About Donnell Systems,
Inc.
Donnell makes it possible for
customers to harness Internet technology and deliver more powerful
and cost-effective information services to their employees and
partners. From PCViewer(R) to DataDigger(TM) to the new e-doc
viewer(TM) browser module, Donnell provides knowledge management
solutions for the full range of Internet computing models. OCIE is
available as a service; an attractive alternative for organizations
that lack the infrastructure or technical talent to deploy an
enterprise-wide report and document image management solution.
Through this outsource service, customers avoid up-front investment
or technological risk. Donnell assumes total responsibility for
system performance and maintains ownership of all system hardware.
Donnell Systems is headquartered in South Bend, Indiana, and can be
reached at (800) 232-3776, or via email at
ocie@donnell.com. For more
information visit our Web site at
http://www.donnell.com/ .
About MaternOhio
MaternOhio
Management, Inc. (dba MaternOhio Management Services or MOMS) is a
physician services organization founded by local Ob/Gyn physicians
to facilitate a co-operative business model along specialty lines.
Though it was formed to streamline costs and share administrative
functions, MaternOhio has been able to expand to other business
opportunities. MaternOhio has provided a wide range of
services to its member-clients such as: contract negotiations
with suppliers and vendors; group risk-sharing initiatives with
insurers and carriers; the formation of its own captive malpractice
insurance company.
SOURCE KeyCorp
CONTACT: Laura J. Mimura of
KeyCorp, +1-216-689-3786, or
laura_j_mimura@keybank.com
URL:
http://www.prnewswire.com/
