Medicine and Healthcare
HealthAxis Names New CEO
TAMPA, Fla., February 16, 2023 (Newswire.com) - HealthAxis, a leading provider of core administrative processing solutions (CAPS) and related software and services to healthcare payors, announced today that Matt Hughes, former COO of HealthAxis, has been named the new chief executive officer of HealthAxis.Â
Revelstoke Capital Partners with the HealthAxis Board of Directors conducted an extensive and arduous search for the exact fit for an organization where the rest of the senior leadership team was already in place.Â
"We felt strongly that Matt was the right person for the role," said Gabriel Gonzalez, Vice President at Revelstoke Capital Partners. "No other candidate possessed the quality experience and cultural drive Matt has demonstrated in the past year."
Mr. Hughes joined HealthAxis as its chief operating officer in May 2022. He brings more than 30 years of experience to HealthAxis. Most recently, he held the position of CFO at HealthEdge Software, Inc. for over 12 years. Matt's forte is creating and maturing a company's operational, financial, administrative, and structural discipline during early and high-growth stages. He is passionate about creating a culture fostering employee engagement and developing a customer-centric organization.Â
"I am honored to be selected as the new CEO of HealthAxis," said Matt Hughes. "I have had the privilege of getting to know the amazing team and see the countless possibilities for our team, our products and services, and our customers. Today's healthcare systems are transitioning to value-based care and are in urgent need of improving efficiency, digitalization, and interoperability. Our team is equipped to meet the challenges ahead and ready to embark on an aggressive plan to be the most advanced healthcare core administration suite in the payer market."
About HealthAxis
HealthAxis is a leading provider of modern Core Administrative Processing Solutions and related software and services to healthcare payors. We offer our clients scalable and flexible solutions for their most complex challenges. Our next-generation enterprise solution suite combines our HxPro, core benefits administration software platform and HxOps, tech-enabled business process outsourcing capabilities under one unified offering. These solutions combine to make HealthAxis the leading partner for payors seeking reliability, innovation, and efficiency across their most mission-critical business functions. Visit HealthAxis.com for more information.
For more information on Matt Hughes' vast experience as well as his new responsibilities as CEO or general questions, contact Peggy Dell'Orfano at [email protected].Â
Contact Information:Peggy Dell’Orfano
Executive Assistant to the Chief Healthcare Operations Officer
[email protected]
888-972-2947
Original Source: HealthAxis Names New CEO
Patient Supply Recovery Strategy ‘PSRP’ Results in a 952% ROI
Patient Supply Recovery Strategy
Utilizing the RDS-32a, Rapid Decontamination System, combined with Supply Recovery Software, facilities can now instantly disinfect \"unopened\", \"unsoiled\" packaged supplies for safe handling.
LAS VEGAS, February 13, 2023 (Newswire.com) - The dramatic rise in the costs of patient supplies and equipment continues to put enormous pressure on the financial health of providers to adequately care for patients and communities. "The pandemic has clearly demonstrated that America cannot be strong without its hospitals being strong." (ICT, Pollack 2022) TMG Health Technologies recently received feedback from an Infection Control Manager at an Alabama children's hospital advising that a 952% ROI was achieved through implementation of the "PSRP" Patient Supply Recovery Program using TMG's products.Â
Many cost-containment strategies are being discussed, but one strategy in particular offers documented results. Recently, the Critical Care Nurse Manager of the ICU and Infection Control Manager* realized that the practice of discarding unopened patient supplies left in the room after patient transfer or discharge had a direct impact on inventory shortages, department budgets, supply and disposal costs.Â
"Having a two-year history utilizing the RDS 32a Rapid UVC Decontamination disinfecting health electronics, devices and non-critical patient tools, we already knew it was an effective and reliable solution for the disinfection of equipment. Upon review of the independent testing certifying High-Level Disinfection on soft surface, packaged tools and supplies and a Johns Hopkins study of a documented $387,000 patient supply savings in their ICU, we knew we could use the RDS for our own cost-savings strategy. Our NICU patient supply recovery program saved us $100,000 in supply costs in the first seven months," said the Infection Control Manager.Â
The Infection Control Manager explained further: "We knew that the disposal of unused, unopened packaged supplies had direct costs in terms of purchase value, but learned there are indirect costs associated with their disposal and the hospital's environmental burden. The ability to efficiently disinfect multiple items simultaneously in a single 30-second cycle within the department, retain the budget savings, and restock the item to inventory couldn't be easier. We were able to achieve a 952% ROI on the RDS-32a system we already owned, and the program was easy to implement. With these savings confirmed, our executive team plans to expand this program to other patient areas. Imagine what a 5% savings in supply cost would mean to anyone's facility."Â
Now more than ever, healthcare needs innovative strategies to achieve cost containment and expense reduction. Manual disinfection of typical supply items is not feasible due to high volume, complex shapes and structure, labor time, the reliance on the operator to ensure adequate coverage and "wet-time" of the disinfectant ("Human Error" Factor). The RDS-32a Rapid UVC Decontamination System will disinfect these unused, unopened patient supplies in 30 seconds for immediate dollar-for-dollar savings. Additional savings are realized on disposal costs and cleaning supplies. For more information on this Patient Supply Recovery Program, contact TMG Health Technologies at TMGHealthTech.com or 888-443-1528.
Contact Information:Sanford Green
President and CEO
[email protected]
7025217253
Denise Hood
Marketing and Communications Director
[email protected]
4349647511
Original Source: Patient Supply Recovery Strategy 'PSRP' Results in a 952% ROI
