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Current News
Children's Hospital of the King's Daughters Implements XactiMed's Revenue Cycle Solutions
DALLAS, October 11, 2006 – XactiMed, a provider of claims, remittance and denial management revenue cycle solutions to the healthcare industry, today announced Children's Hospital of the King's Daughters has implemented XactiMed's suite of revenue cycle solutions.
To remain competitive, Children's Hospital of the King's Daughters required a comprehensive revenue cycle solution that would not only enhance their overall ability to process claims electronically, but one that would improve payment cycles and be supported by an organization that was both responsive and effective.
"XactiMed has a great reputation for their robust revenue cycle solution capabilities," said Lacy Reeder, Director of Patient Financial Services, Children's Hospital of the King's Daughters. "XactiMed's results-driven product along with their quality customer service made it very easy for us to select XactiMed as our strategic revenue cycle management partner."
Additionally, Children's Hospital of the King's Daughters has selected XactiMed's extended business office (EBO) services to manage and support follow-up and collections for a portion of their aged receivables. XactiMed's EBO services will serve as an extension of Children's central billing office to ensure that their aged receivables are resourced effectively to maximize their cash collections.
"XactiMed welcomes Children's Hospital of the King's Daughters as a new client and we look forward to contributing to their business growth through improved revenue cycle management," said D.T. Nguyen, XactiMed President and Chief Executive Officer. "XactiMed's continued focus on product development and customer service affords Children's Hospital of the King's Daughters a tremendous competitive advantage."
About Children's Hospital of the King's Daughters
Children's Hospital of the King's Daughters is the only facility of its kind in Virginia, serving the medical and surgical needs of children throughout greater Hampton Roads, the Eastern Shore of Virginia and northeastern North Carolina. The not-for-profit hospital was founded in 1961 and provides care to approximately 162,000 children each year as inpatients and outpatients, addressing routine and complex illnesses, injuries and chronic conditions. The CHKD Health System operates primary care pediatric practices, surgical practices, multi-service Health Centers and satellite offices throughout its service region.
About XactiMed
XactiMed provides web-based revenue cycle solutions and outsourcing services to the healthcare industry. XactiMed's claims, remittance and denial management solutions improve efficiency and effectiveness across the revenue cycle resulting in improved financial performance for the hospitals we serve. XactiMed was founded by D.T. Nguyen in 1998. XactiMed is a private company backed by Buena Venture Associates, L.P., an investment fund founded by Sid R. Bass, and Lee M. Bass Inc., of Fort Worth, Texas.
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