News Archive
March 18, 2010
Apollo Health Street to Provide Accounts Receivable Management for
St. Mary’s Health System of Evansville, Indiana
Conshohocken, Penn. – Apollo Health Street, a developer of world-class solutions that
tackle healthcare’s toughest financial and IT challenges, announced today a new
agreement with St. Mary’s Health System of America, Inc. of Evansville, Indiana.
Using technologies proven to streamline the revenue cycle and Apollo’s experienced
billing platform managers, St. Mary’s core goal is to improve the aging of third party
accounts receivable. The partnership, spanning the next 12 months, includes
evaluating an estimated 3,200 claims per month.
“Our process-driven staff ensures the best use of tools, and effective and
comprehensive follow-up of third party accounts,” said Bill Colgan, executive vice
president of hospital services for Apollo. “Our goal at St. Mary’s is to accelerate cash
recoveries, improve the appeals process and gain feedback and correct internal issues
that are causing delays in payment.”
According to Colgan, this is not only a cost-saving process, but also a cash
improvement plan that will guarantee uninterrupted high-quality accounts receivable
management.
“We appreciate Apollo’s use of proprietary and best-of-breed technology to ensure
delivery of the tailored results that will improve our bottom line,” said Barbara Clayton,
vice president of revenue cycle and managed care at St. Mary’s. “Apollo’s commitment
to process management and customer service was absolutely the right fit for us.”
Added Andrew DeVoe, CEO for Apollo Health Street: “At Apollo, we never lose sight of
the goal of effective Third Party Solutions - increased cash collections and reduced
days in A/R. We are looking forward to working with St. Mary’s and helping them reach
their revenue goals.”
About St. Mary’s
St. Mary’s, a member of Ascension Health, is a faith-based health ministry serving
communities in Indiana, Illinois and Kentucky. With a medical staff of more than 805
physicians, St. Mary’s specializes in cardiac, surgical, orthopedic, rehabilitation,
neurosciences, women’s, children’s and emergency and trauma services.
For more than 135 years, St. Mary’s has been guided by its mission of serving all persons, with
special attention to those who are poor and vulnerable.
For more information, please access our website at www.stmarys.org.
For media inquiries, please contact Susan Bender, Director of Marketing and Communications at the following: