VitalCDM® Ranked #1 in KLAS Revenue Cycle, Chargemaster Management Category for Third Year in a Row

Rhea-AI Summary

Vitalware by Health Catalyst announced that its chargemaster management solution, VitalCDM, has ranked number one in the Revenue Cycle - Chargemaster Management category of the 2021 Best in KLAS Awards. This marks the third consecutive year VitalCDM has received this accolade. The recognition stemmed from client feedback in 2020, highlighting client satisfaction, functionality, and support. This achievement underscores VitalCDM's ability to enhance operational efficiency, ensure compliance, and improve reimbursement accuracy for hospitals amidst challenging economic conditions.

Positive

• VitalCDM ranked number one in KLAS for Revenue Cycle - Chargemaster Management.
• This is the third consecutive year that VitalCDM achieved this top ranking.
• The solution enhances operational efficiency and improves reimbursement accuracy.

Negative

• None.

SALT LAKE CITY, Feb. 2, 2021 /PRNewswire/ -- Vitalware by Health Catalyst today announced that its chargemaster management solution, VitalCDM, ranked number one in the Revenue Cycle - Chargemaster Management category, of the "2021 Best in KLAS Awards." This is the third year in a row that VitalCDM has achieved this distinction.

"This year's top ranking from KLAS is especially meaningful in consideration of the complex financial and business challenges that impacted hospitals and health systems in 2020," said Dan Unger, Senior Vice President and General Manager, Health Catalyst Financial Transformation Business. "We are humbled by this achievement and grateful to our clients who continue to turn to Vitalware to support their financial and regulatory needs."

By organizing, displaying, and managing all chargemaster data within one connected solution, VitalCDM enables hospital billing departments to operate more transparently, price strategically, and present an accurate bill or claim with consistency. The tool is proven to create more accurate reimbursement, increase operational efficiency, and minimize compliance risk. These attributes are the ones KLAS has recognized in its VitalCDM rating.

"Each year, thousands of healthcare professionals across the globe take the time to share their voice with KLAS," said Adam Gale, President of KLAS. "They know that sharing their perspective helps vendors to improve and helps their peers make better decisions. These conversations are a constant reminder to me of how necessary accurate, honest, and impartial reporting is in the healthcare industry. The Best in KLAS report and the awards it contains set the standard of excellence for software and services firms. Vendors who win the title "Best in KLAS" should celebrate and remember that providers now accept only the best from their products and services. The Best in KLAS award serves as a signal to provider and payer organizations that they should expect excellence from the winning vendors."

Best in KLAS 2021 Software & Services recognizes the leading vendors of healthcare IT solutions, services, and management consulting. VitalCDM's Best in KLAS ranking is based on feedback from Vitalware clients throughout 2020, focusing on areas such as client satisfaction, functionality, implementation, and support.

About Vitalware
Vitalware is the leading mid-cycle revenue SaaS solutions provider, specializing in Health IT applications aimed at making the business of healthcare easier through its intuitive cloud-based technologies and regulatory content expertise. Vitalware's product portfolio is the healthcare industry's best solution for providing visibility and continuity in chargemaster management, pricing transparency, charge capture, and regulatory code references. Beyond providing tools, and healthcare regulatory and compliance resources, Vitalware offers professional services designed to support organizations' need of coding guidance, process improvement, education, and financial impact solutions. In September 2020, Vitalware was acquired by Health Catalyst, Inc. ("Health Catalyst," Nasdaq: HCAT), a leading provider of data and analytics technology and services to healthcare organizations.

About Health Catalyst
Health Catalyst is a leading provider of data and analytics technology and services to healthcare organizations committed to being the catalyst for massive, measurable, data-informed healthcare improvement. Its customers leverage the cloud-based data platform—powered by data from more than 100 million patient records and encompassing trillions of facts—as well as its analytics software and professional services expertise to make data-informed decisions and realize measurable clinical, financial, and operational improvements. Health Catalyst envisions a future in which all healthcare decisions are data informed.

Media Contact:
Amanda Hundt
amanda.hundt@healthcatalyst.com
575-491-0974

View original content to download multimedia:http://www.prnewswire.com/news-releases/vitalcdm-ranked-1-in-klas-revenue-cycle-chargemaster-management-category-for-third-year-in-a-row-301220576.html

SOURCE Health Catalyst

FAQ

What is the significance of VitalCDM's ranking in the 2021 Best in KLAS Awards?

VitalCDM's ranking reflects its effectiveness in enhancing hospital billing operations, achieving top client satisfaction, and operational efficiency.

How many years in a row has VitalCDM been recognized by KLAS?

VitalCDM has been recognized as the number one solution in its category for three consecutive years.

What does the KLAS ranking indicate about Health Catalyst's VitalCDM?

The KLAS ranking indicates that VitalCDM is highly regarded by clients for its functionality, implementation, and support in the healthcare revenue cycle.

Who owns Vitalware and its solutions?

Vitalware is owned by Health Catalyst, a leading provider of data and analytics technology to healthcare organizations.

What challenges did VitalCDM help hospitals navigate in 2020?

VitalCDM assisted hospitals in managing complex financial and business challenges during the difficult economic climate of 2020.