|[May 07, 2012]
Pathway Senior Living and Yardi Share ALFA Best of the Best Award
SANTA BARBARA, Calif. --(Business Wire)--
Yardi and Pathway Senior Living, a Yardi client, have been named
recipients of the 2012 Best of the Best Award in the technology adoption
category by the Assisted Living Federation of America (ALFA).
The award recognizes contributions from Pathway Senior Living, a Top 80
assisted living provider with a strong background in providing
Medicaid-supported services, to Yardi's development of the Yardi
Medicaid Billing Solution, which is available to users of Yardi
Voyager™ Senior Housing.
The Yardi Medicaid Billing Solution differentiates between room and
board, care and other types of services. When used in conjunction with
the Yardi general ledger, it allows for differences between accounting
periods and Medicaid service periods. For state Medicaid programs that
follow a resident income-based model, the software is capable of
tracking changes in resident finances, and it adjusts the distribution
of charges between the private payer and Medicaid accordingly.
Additionally, Yardi Medicaid Billing Solution's built-in functionality
recognizes that Medicaid program rules for reimbursement vary depending
upon a variety of factors, such as the reason for a leave of absence or
the number of payable bed-hold days that a resident incurs within a
fiscal year, and automatically adjusts billing calculations accordingly.
The Yardi Medicaid Billing Solution can help senior living communities
satisfy audits, meet state reporting requirements and avoid payment
"Before we implemented the Yardi Medicaid Billing Solution, changs in
patient income levels and leaves of absence were not always reported on
time or with the correct reason. This often produced a Medicaid payment
adjustment months after Medicaid made the initial payment," said Michael
Vick, chief financial officer for Pathway. "Now, the automated process
always gets it right, and our clinical staff can focus on delivering
resident care rather than manually tracking LOAs. The Yardi Medicaid
Billing Solution expands staff efficiency, improves the quality of the
information we receive and reduces our billing management costs."
Vick added, "The solution expedites accurate submissions of data to the
state, resulting in quicker payments and better cash flow. The billing
process is simpler and clearer for residents, their families and our
staff, as well as for regulators and auditors charged with deciphering
complex Medicaid billing rules."
Eric Kolber, vice president of senior housing for Yardi, said, "When we
evaluated current industry practices, we found that highly specialized
employees spent multiple days at the end of every month reconciling
their Medicaid billing. The automation provided by our software has
virtually eliminated that need. The billing is fast, reliable and
transparent. This solution will benefit every assisted living community
that accepts Medicaid payments."
ALFA bestowed the award following extensive review and grading. Award
criteria included uniqueness, innovation, business excellence and
quantitative assessment. "The Medicaid Billing Solution is truly a
program we believe will advance excellence in senior living," said
Jamison Gosselin, ALFA senior vice president of marketing and
Yardi and Pathway will receive the Best of the Best Award at ALFA's
Community Conference 2012 in Dallas this month.
About Pathway Senior Living LLC
Formed as a partnership in 1997, Pathway Senior Living is a privately
held, Chicago-based company managed by an experienced team dedicated to
improving the lives of older adults. With the support of various
partners, Pathway develops, owns, operates, and/or manages market-rate
and mixed-income independent living and assisted living communities. For
more information, visit www.pathwaysl.com.
Yardi Systems has been committed to the design, development and support
of innovative software solutions for 30 years. With its senior housing
software and investment management software solutions, Yardi Voyager™ is
the most comprehensive senior
housing management software on the market today. More than 70 senior
housing providers use Yardi Voyager to serve residents in more than
1,500 communities. Yardi serves clients around the world from offices in
Asia, Australia, Europe, the Middle East and North America. More
information about Yardi products and services is available at www.yardi.com.
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