Healthcare News June 2, 2013

  • MTBC Launches ChartScribe™, an EHR-Integrated Transcription Service that Helps Providers Transition to an EHR and Meet Meaningful Use Stage 2

    SOMERSET, NJ, May 10, 2013 – MTBC, a leading electronic health record (EHR), practice and revenue cycle management company, today announced the launch of ChartScribe™, a fully integrated transcription service that enables healthcare providers to avoid lost productivity when adopting an EHR and satisfy the requirements of Meaningful Use Stage 2.

    Digital patient charts, which are created by leveraging an EHR, are becoming increasingly important in the interconnected healthcare industry. They enable healthcare providers to optimize decision making, ensure the continuity and coordination of care, and earn Meaningful Use incentives.

    While the advantages of using an EHR are clear, industry studies consistently demonstrate that many practitioners, particularly in small practices, struggle to find the time and technical know-how to create their own digital patient charts. MTBC’s ChartScribe™ addresses this challenge by enabling practitioners to easily dictate notes from patient visits and have them converted into searchable text that is automatically inserted in the appropriate fields within the patient’s chart.

    Explaining the advantages of ChartScribe™, Dr. Glenn Zeidman of Z Wound Care, McComb, Mississippi, explained, “MTBC’s ChartScribe™ has simplified my workflow by avoiding the need to manually type data into my EHR. I simply create an audio recording and it goes directly into my patient charts. It has enabled me to save time, reduce personnel expenses, meet Meaningful Use requirements and treat more patients.”

    “Under Meaningful Use Stage 2 rules, patient charting is more important than ever,” said MTBC Vice Chairman David Rosenblum. “That is why it’s critical to make the process of charting as efficient and intuitive as possible. ChartScribe™ is built around a provider’s workflow and offers providers an efficient method to manage and update charts, ensuring a smooth transition to an EHR with the least amount of disruption to practice workflow.”

    Through ChartScribe™, providers can simply upload their digital audio dictation into MTBC’s practice portal and receive updated patient charts within MTBC’s EHR. Since ChartScribe™ is fully integrated with MTBC’s proprietary EHR ChartsPro™, users’ patient charts and data will be seamlessly updated and will be readily available to all participating clinicians.

    ABOUT MTBC

    Founded in 1999 and based in Somerset, New Jersey, MTBC provides practice and revenue cycle management services and proprietary software solutions to private physician offices and hospital-employed provider groups throughout the United States. Its integrated and competitively priced premium products, PracticePro™ and ChartsPro™, present a service suite unmatched in the industry in scope and value. MTBC has been consistently recognized as a Deloitte Technology Fast 500 company – 2009, 2010, 2011 and 2012 – and has also been recognized during each of the last three years as an Inc. 500│5000 company.

    To learn more about MTBC, please visit www.mtbc.com.

  • Value-Based Payment Models Expected to Reach Tipping Point by 2018

    Availity Research Study Yields Significant Insights into Health Plan Direction and Progress

    Implementing Real-Time Information Exchange with Providers is Key to Operational Success

    JACKSONVILLE, Fla.–(BUSINESS WIRE)– 82% of health plans responding to a recent survey consider payment reform a ‘major priority.’ Nearly 60% forecast that more than half of their business will be supported by value-based payment models in the next five years. And, of those, 60% are at least mid-way through implementation. That is according to a study published today by Availity, one of the nation’s leading health information networks.

    The Health Plan Readiness to Operationalize New Payment Models study delves into the progress of the country’s commercial health plans, as they migrate from fee-for-service to value-based models of compensating physicians. Importantly, the study highlights the consensus among plans that information sharing with physicians must be automated – primarily in real-time – for these models to achieve success.

    “With such a strong focus on payment reform in this country, we felt it was important to study how the health plan community was progressing and what connectivity barriers may be delaying or preventing their ability to transition to value-based models,” said Russ Thomas, Availity CEO. “As a health information network, we are keenly aware of our role in enabling the exchange of information needed [by health plans and physicians] to ensure these models work efficiently. This study endeavors to identify the information-oriented problems that need solving so the industry can achieve success as quickly and efficiently as possible.”

    Transitioning to payment models that base compensation on outcomes requires physicians and health plans to exchange new kinds of information – different than what is required under today’s predominant fee-for-service arrangements. 90% of health plans agree that automating the exchange of ‘new’ information required under value-based payments is critical to success, with 85% saying the highest value will come from real-time exchange, though less than half have real-time capabilities.

    The study further details the lines of business targeted for new payment models, payment model maturity, and expectations for growth over the next 18 months. Please click or visit http://www.availity.com/news-resources/case-studies/ to download a copy of the study.

    “The physician revenue cycle is changing and the data collected in this study gives us guidance on how quickly that may happen,” said Thomas. “WEDI (Workgroup for Electronic Data Interchange) recently announced plans to publish a report highlighting areas of focus for health IT over the next 20 years, and value-based payment models made the top three. We’re seeing the shift begin; we’re excited about the future and the contributions we are making to ensure the health of our customers’ businesses.”

    About Availity

    Availity delivers revenue cycle and related business solutions for health care professionals who want to build healthy, thriving organizations. Availity has the powerful tools, actionable insights and expansive network reach that medical businesses need to get an edge in an industry constantly redefined by change. To learn more, visit www.availity.com.

  • HIM Connections, Inc. Recruits The Coding Center to Deliver a Broader Range of HIM Services

    Companies Join Forces to Augment Customer Staffing Needs for ICD-10

    May 6, 2013, Birmingham, AL— HIM Connections, Inc., an expert recruitment and staffing firm for health information management (HIM), proudly announces the merger with The Coding Center, LLC, a specialty outsourced remote coding services company and division of Doozer Software, Inc. Both companies are located in Birmingham, Alabama and focus exclusively on clinical coding and health information management services. The announcement was made by Kayce Dover, MSHI, RHIA, who is the President and CEO. The new entity will operate as HIM Connections, LLC.

    Hospitals can’t locate the experienced HIM staff they need to maintain quality, productivity, and patient or physician satisfaction. “Our companies recognize the enormous staffing needs associated with the implementation of ICD-10; even as provider organizations already struggle to find qualified coding talent,” mentions Dover. “The synergies between the two companies made it a great opportunity to come together and serve our clients with a broader blend of services. The two companies have aligned core values of integrity, client focus, financial responsibility, development and balance.”

    “By joining forces we are able to not only help our customers find and employ the best HIM talent, but also augment their existing HIM staff,” adds Sandy Syx, President, Doozer Software, Inc. “We know that recruitment and staffing is not a one size fits all model. The company is now better aligned to offer solutions that are designed to fit and evolve with our client needs”, says Syx.

    The transition from ICD-9 to ICD-10 represents HIM’s greatest challenge thus far in the 21st century and industry experts predict nationwide coder shortages before, during and after the October 1, 2014 transition. In a recent KLAS report, HIM Services 2012: Helping to Weather the Storm, “nearly one-fourth of providers in the study plan to increase use of coding services”.

    The merger includes the remote coding technology designed and developed by Doozer Software, Inc. “The technology will continue to be used as a remote coding platform, and also as a document management solution for facilities with a hybrid EHR and as an option for facilities and/or physician offices without an EHR”, mentions Syx. “HIM Connections, Inc. and The Coding Center have always been committed to providing quality HIM services. This merger further solidifies our commitment to our clients as well as the HIM industry”, adds Dover.

    About HIM Connections, LLC
    HIM Connections is a results-driven staffing and recruitment firm specializing in HIM. The company quickly locates qualified, credentialed and experienced HIM professionals to fill hospitals’ HIM staffing needs; short-term or long-term. The company saves time for their customers by presenting fully-vetted candidates, building relationships with passive candidates, and offering flexible service options: staffing, recruitment and outsourcing. For more information, visit www.himconnections.com.

  • Ingenious Med Announces New CFO

    Mike Vandiver joins Atlanta-based physician performance company

    ATLANTA. May 8, 2013– Atlanta-based Ingenious Med, provider of the nation’s largest multispecialty charge capture and physician performance solution, has announced the appointment of Mike Vandiver as its new chief financial officer.

    Vandiver brings more than 20 years of experience in finance, accounting, human resources, legal, tax and treasury, and risk management to Ingenious Med. He previously served as executive vice president and chief financial officer for SecureWorks, chief financial officer for Digiquant, and vice president of finance for LHS Group, Inc.

    “We are thrilled to welcome Mike as we continue to expand our team,” said Hart Williford, CEO at Ingenious Med. “His demonstrated track record and extensive financial experience will help drive the future success of Ingenious Med.”

    Ingenious Med’s point-of-care solution automates the revenue and charge capture processes allowing physicians to capture a larger number of charges while improving the quality of care. The application, currently used by more than 25,000 clinicians and physicians in the U.S., also provides cleaner, more accurate bills, enabling billers to review and submit physician charges within hours of an encounter, minimizing charge lag and increasing hospital revenue.

    According to Williford, the company’s software can save hospitals millions of dollars as revenue leaks are addressed and charges are captured more accurately.

    “This increased revenue allows hospitals and private groups to maximize profits and get a solid return on investment for implementing the solution,” he said.

    About Ingenious Med

    Founded in 1999 by a group of practicing physicians, Ingenious Med is an award-winning platform that automates the activities of inpatient physicians. Ingenious Med automates the revenue and charge capture processes for more than 25,000 users in the nation’s leading healthcare facilities. Ingenious Med’s Inpatient Physician Management Platform is the nation’s largest charge capture and physician performance solution in the healthcare industry today. The cloud-based, charge capture and analytics platform provides real-time data that helps hospital systems and physician groups improve physician productivity and efficiency, enhance quality of care, maximize revenue, increase billing accuracy and ensure compliance. For more information, visit www.ingeniousmed.com or call 404-815-0862.

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