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Bayside Community Hospital & Clinic Outsource Third-Party Billing and Collections to XactiMed's Revenue Cycle Solutions
DALLAS, August 9, 2006 – XactiMed, a provider of web-based claims processing, remittance and denial management revenue cycle solutions to the healthcare industry, today announced Bayside Community Hospital & Clinic has outsourced its third-party billing and collections to XactiMed.
"Bayside Community Hospital & Clinic selected XactiMed due to its advanced technology, business office expertise, and outstanding service and support," said Robert Pascasio, MHA, CHE, CEO and administrator of Bayside Community Hospital & Clinic. "XactiMed's proven ability to accelerate cash flow and reduce A/R proved to be important factors in our selection process."
"We are excited to bring our software and services to the small and rural market, providing facilities with the revenue cycle tools and expertise needed to succeed through our extended business office services," said D.T. Nguyen, XactiMed President and Chief Executive Officer.
About Bayside Community Hospital & Clinic
Bayside Community Hospital in Anahuac, Texas is a 15-bed Critical Access Hospital located between Houston and Beaumont. The hospital provides general medical and surgical services to the Anahuac community and includes an emergency department and trauma center. Bayside was recognized by the Texas Medical Foundation (TMF) in 2005 with the "Governor's Health Care Quality Improvement Award of Excellence," one of only 31 hospitals in the state to be so recognized. In 2006, Bayside was again recognized for excellence in hospital governance by the Texas Academy of Governance during the 2006 Texas Healthcare Trustees (THT) Spring Forum in Dallas, an award which recognizes hospitals and health systems that achieve knowledge and skills in governance and strive to keep that knowledge current through education and the practice of effective governance. Bayside is the first Critical Access Hospital to achieve this distinction from the Texas Academy of Governance.
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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