LOS ANGELES, Feb. 19, 2013 (GLOBE NEWSWIRE) -- In a major business expansion, Professional Data Services (PDS) announced today that its innovative web-based market intelligence and revenue management tool is now available to hospitals in Oregon and Oklahoma.
PDS recently signed agreements with the Oregon Association of Hospitals and Health Systems (OAHHS) and the Oklahoma Hospital Association (OHA) under which the two industry associations will market the PDS product to their members. OAHHS membership includes 58 hospitals and health systems in Oregon. OHA represents more than 130 hospitals and health care entities across the state of Oklahoma.
PDS collects inpatient, outpatient and emergency room paid claims data from participating hospitals and offers it in aggregated form to users. The information allows hospitals that purchase the PDS tool to quickly and accurately benchmark specific service line revenues by payor against those at comparable hospitals. PDS clients find the data to be invaluable – and highly cost-effective – when entering into managed care contract negotiations or when establishing realistic and attainable long-term revenue management goals.
"PDS gives Oregon hospitals a level of insight into their marketplaces that they have never had before," said Eric Schulz, Business Development Director of Apprise Health Insights, the Data & Analytics Subsidiary of the Oregon Association of Hospitals and Health Systems. "With PDS, Oregon hospitals will be better able to plan and make strategic, data-driven decisions regarding the ongoing transformation of our healthcare system. This is an especially important time to have access to this kind of meaningful data."
"PDS will help us achieve our board's strategic goal of bringing more data to our members," said Rick Snyder, Vice President, Finance & Information Services, for the Oklahoma Hospital Association. "Having access to PDS comparative payment data will help ensure Oklahoma hospitals do not leave money on the table or set unrealistic goals in contract negotiations with payors. PDS also offers invaluable market intelligence to support their business development and performance improvement efforts."
PDS is a service of the Hospital Association of Southern California. Leslie Gold, Vice President of PDS, said, "We're excited to be able to share the successes we've experienced to date in California and Arkansas with the hospital associations and hospitals in Oregon and Oklahoma. The PDS data enables our sister associations to help their members generate the revenues they need to continue serving their communities."
About the Hospital Association of Southern California
The Hospital Association of Southern California (HASC), founded in 1923, is a not-for-profit 501(c)(6) regional trade association. The mission of HASC is to serve the political, economic, informational and educational needs of hospitals and to help improve the quality and accessibility of health services.
The Hospital Association of Southern California logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=17220