DoeLegal’s doeBilling™ Allows Bayhealth Medical to “Regain Control” of Outside Vendor Legal Spend
In today’s recessionary climate, it is common to see hospitals and healthcare facilities forced to cut costs and limit expenditures or face closures, increasingly reduced budgets, and company bankruptcies. doeBilling provides Bayhealth Medical Center, Inc. advanced legal spend management and real-time budgeting applications to help monitor and control their outside legal expenses.
Wilmington, DE (PRWEB) January 23, 2010
doeLegal announces Bayhealth Medical Center, Inc. has completed its first year of using doeBilling to provide advanced legal spend management and real-time budgeting applications to help monitor and control their outside legal expenses. Invoices received from 3rd-party legal vendors can now be efficiently analyzed with doeBilling™ - an all-in-one, user-friendly solution aimed at making legal expenses more transparent to the management staff. The solution also provides for trend analysis, proper task budgeting, and savings projections through early payment discounts and automated invoice compliance.
Developed primarily for corporate legal departments seeking greater total control over their legal expenditures - doeBilling™ has been proven to span far beyond the standard corporate model and offer significant benefits to the healthcare industry. Proving the healthcare facility will realize an ROI within one year, doeLegal has opened the door to a much larger market with those organizations spending as little as $2 million in outside legal expenses per year. “Allowing Bayhealth Medical Center to accurately track and report their true costs in real-time, made the decision easy,” said Diane Andrews for Bayhealth Medical Center.
In today’s recessionary climate, it is common to see hospitals and healthcare facilities forced to cut costs and limit expenditures or face closures, increasingly reduced budgets, and company bankruptcies. To fend off these outcomes, budgeting and forecasting features can reveal trends in past spending and offer new opportunities for saving. Using historical billing data from the digital system, executives can proactively predict what tasks will cost and when to settle matters rather than continue to litigate beyond budget. Viewing real-time reports allows management to evaluate how each decision relates to open matters. This level of granular analysis was simply unavailable with the paper invoice system. doeLegal has existing clients showing an operational cost savings of as much as 70%. The capabilities of the hosted package are configurable to fit the needs of any industry desiring to better control their electronic invoices from 3rd-party vendors.
DoeBilling™ promotes collaboration and strategic planning with outside vendors. By utilizing universal task-based coding, doeBilling™ standardizes the entire billing process and automates the first pass rules check. This allows only invoices that meet pre-determined corporate criteria to enter their review queue. Its design separates billing by phases and then into specific tasks, allowing a standard electronic format for use in forecasting and managing the legal billing cycle.
Bayhealth Medical Center chose doeBilling™ for the following reasons:
Providing a common platform for In-House counsel to forecast their legal expenses. Giving their legal department the ability to summarize and compare proposed budgets against historical data and against best industry practice results. Isolating task-based billing timekeepers and their tasks for better analysis of individual and overall performance, as well as the ability to measure budgets, individuals, and other firms’ performance. Ensuring compliance with corporate billing guidelines by using an automated rules engine. The system can be set up to flag or reject bills that fail to meet established criteria prior to staff evaluation. Delivering real-time reports displaying summary details or detailed information
Diane M. Andrews, Esquire, In-House Counsel for Bayhealth Medical Center, states, “Paper invoices generated by outside counsel provided little if any information regarding trending, and forecasting of legal needs. The automated doeBilling module has enabled Bayhealth Medical Center to reclaim control of our outsourced legal expenditures while simultaneously providing valuable time for the performance of executive functions previously utilized for the tedious review of manual bills.”
To learn more about this unique solution call the experts at doeLegal at 302-798-7500 or email info(at)doelegal(dot)com. Visit http://www. doelegal. com/demo-doebilling (http://www. doelegal. com/demo-doebilling) to see an online demo featuring the benefits and application. Learn how to take better control of corporate outside legal expenses. To contact BayHealth Medical Center please can visit http://www. bayhealth. org (http://www. bayhealth. org).
About doeLegal, LLC:
DoeLegal, founded in 1971, is a premier solutions provider delivering comprehensive online legal services and technology support for corporate legal departments and law firms. The acclaimed legal hosting suite provides all-inclusive hosting and support for eDiscovery, EDD, eBilling, Matter Management, and CLE administration as effective solutions to the increasing challenges of document selection and sharing, daily communications, and cost control. Leveraging technology into the flexible, hosted packages ensure that each solution is configured to suit your organization's needs perfectly. doeLegal is committed to providing the answers to save time, save money, and deliver value to the legal community. Relationships, expertise, and innovative insight position doeLegal as a trust advisor to its worldwide clients. http://www. doelegal. com (http://www. doelegal. com)
About Bayhealth Medical Center, Inc.:
Bayhealth Medical Center, southern Delaware's largest healthcare system is comprised of Kent General and Milford Memorial Hospitals, Middletown Medical Center and numerous satellite facilities. Bayhealth is a technologically advanced not-for-profit healthcare system employing over 2,900 with a medical staff of 455 physicians. In the 2008 fiscal year, Bayhealth recorded 73,189 emergency department visits, 17,448 patients admitted to beds and 2,454 births. Last year, as part of its mission, Bayhealth provided more than $30.9 million in unreimbursed care to patients. http://www. bayhealthmedical. org (http://www. bayhealthmedical. org)
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