FOR IMMEDIATE RELEASE
Parallon Earns Top Honors in 2014 Best in KLAS Report for a Second Year
FRANKLIN, Tenn., February 3, 2015—Parallon, a leading provider of healthcare business and operational
services, announced today its Revenue Cycle Services business unit received the top revenue cycle
outsourcing performance ranking by independent research firm KLAS for the second year running.
Parallon was named Category Leader in Revenue Cycle Outsourcing in KLAS’ annual report, “The Best in
KLAS Awards for Software and Professional Services,” released January, 2015. Based on interviews with
thousands of providers over the course of 2014, the report recognizes high-performing vendors, with
the goal of enabling providers to make more informed decisions.
“We continue to deliver an integrated approach to help improve operational outcomes for healthcare
providers through our revenue cycle solutions. This is especially important as revenue cycle
management becomes increasingly more complex,” said Eric Ward, president and chief executive
officer, Parallon Revenue Cycle Services. “Earning this designation again is a great honor.”
In the KLAS research report, “Revenue Cycle Outsourcing: Tools, Expertise and Resources Key to
Improved Collections,” released January, 2014, Parallon was named the highest overall performing
revenue cycle outsourcing company, scoring the highest in reducing accounts receivable days and the
cost to collect, and in increasing the net collection ratio due to strong tools, technologies and processes.
It noted that due to its proven workflow and technology, Parallon had the highest impact in nearly every
key metric.
Parallon Revenue Cycle Services offers solutions from patient registration through full account
resolution, serving approximately 700 client hospitals and more than 2,500 physician practices. With
more than 15,000 revenue cycle professionals, Parallon drives real solutions for healthcare providers,
including collecting approximately $35 billion in annual cash, recovering $650 million in underpayments
and denials annually and reducing cost to collect by 10 to 20 percent.
- more -
Parallon Earns Top Honors in 2014 Best in KLAS Report for a Second Year – Add one
About KLAS
KLAS is a research firm on a global mission to improve healthcare delivery by enabling providers to be
heard and counted. Working with thousands of healthcare professionals and clinicians, KLAS gathers
data on software, services, medical equipment, and infrastructure systems to deliver timely reports,
trends, and statistical overviews. The research directly represents the provider voice and acts as a
catalyst for improving vendor performance. Follow KLAS on Twitter at www.twitter.com/KLASresearch.
About Parallon
Headquartered in Franklin, Tenn., Parallon Business Solutions, LLC is a leading provider of healthcare
business and operational services. Parallon partners with hospitals and healthcare systems to improve
their business performance through proven practices in revenue cycle; technology; workforce
management and consulting, in addition to group purchasing and supply chain management through
HealthTrust Purchasing Group, L.P. Parallon is dedicated to bringing deep and evolving industry
knowledge, a long track record of operational excellence and a broad portfolio of services to all
partnerships in order to help clients thrive in the communities they serve. Together with its affiliates,
Parallon employs more than 25,000 professionals and serves nearly 1,400 hospitals and 11,000 nonacute care providers, including ambulatory surgery centers, physician practices and alternate care sites.
Visit www.parallon.com or follow @ParallonConnect.
###
MEDIA CONTACT
Danecia Jones
Parallon
Phone: (615) 807-8427
Email: [email protected]