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Current News
King's Daughter's Hospital Implements XactiMed's Revenue Cycle Suite to Improve Revenue Cycle Performance
DALLAS, December 4, 2006 - XactiMed, a provider of web-based claims processing, remittance and denial management revenue cycle solutions to the healthcare industry, today announced that King's Daughter's Hospital has implemented XactiMed's Revenue Cycle Suite to improve its revenue cycle performance.
"Improving our revenue cycle profitability and efficiency is critical to the success of King's Daughter's Hospital," said Eric Lashbrook, King's Daughter's Hospital Chief Financial Officer. "XactiMed's solutions provide us with an innovative and sophisticated approach to automating our claims billing processes, increasing our clean claims submissions, increasing cash flow and improving resource allocation."
"We look forward to the opportunity to work with King's Daughter's Hospital and ensure that our revenue cycle solutions are maximized to produce the operational and financial impacts that King's Daughter's Hospital requires," said DT Nguyen, XactiMed President and CEO.
About King's Daughter Hospital
Since being founded in 1896 by a local chapter of the International Order of the King's Daughters and Sons, King's Daughters Hospital has been caring for our community. What began as an act of kindness by a nondenominational group of women is now, 109 years later, a community hospital. We are an independent, not-for-profit hospital licensed for 150 beds and accredited by the Joint Commission on Accreditation for Healthcare Organizations. King's Daughters Hospital has an annual average of 800 births, approximately 35,000 outpatient visits and 4,000 inpatients. Our employees number close to 400. Our medical staff consists of 100 physicians representing 30 specialties. Many of our physicians are affiliated with King's Daughters Clinics.
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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