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Kareo Acquires Medical Billing Company ECCO Health

Acquisition accelerates growth of Kareo’s medical billing services, strengthens team, and adds specialty and geographic expertise  

IRVINE, CA – July 24, 2013 – Kareo, Inc., the cloud-based medical office software and services provider for small medical practices, announced today its acquisition of privately held ECCO Health, a full-service provider of medical billing and associated solutions. Kareo has extended employment offers to all ECCO managers and employees and all are expected to join the new combined company. The acquisition of ECCO follows Kareo’s January 2013 launch of Kareo Billing Services, and the combined business now provides medical billing services to over 500 medical practices nationwide.

“Having worked with hundreds of billing companies since Kareo’s founding in 2004, we’ve developed a deep understanding of the range of capabilities from billing company to billing company,” said Dan Rodrigues, founder and CEO of Kareo. “ECCO is noteworthy due to the strength of its team, the quality of its customer relationships, the efficiency of its operational model, and the company’s track record of innovation. The combination of ECCO’s considerable strengths with Kareo will enable us to deliver an even stronger solution to the market. We welcome ECCO’s customers and team to the Kareo family.”

ECCO Health has provided medical billing services for the last decade, building a national capability from the company’s base in Las Vegas. Through insights created by ECCO’s deep customer relationships, the company has extended its billing services to include physician credentialing, front office services, and best practice consulting. ECCO has built considerable expertise across a wide range of specialties, including Primary Care, Gastroenterology, General Surgery, Plastic Surgery, Otolaryngology, Pain Management, Endocrinology, Internal Medicine, Podiatry, Infectious Diseases, Hospitalist and Hospitalists Groups, Surgery Centers, Urgent Care, Anesthesia, Neurology, Cardiology, Dermatology and Durable Medical Equipment organizations. ECCO has succeeded by helping its medical practice customers operate more efficiently and effectively while ensuring they get paid for their important work of providing patient care.

“The strengths of Kareo’s practice management and EHR applications have been a key element of our success with our customers over time,” said Jim Sholeff, founder and partner of ECCO Health. “We also appreciate Kareo’s commitment to working in an open and collaborative way with its partners, including billing companies. Now we have a remarkable opportunity to join forces and deliver to our customers an even stronger set of solutions.”

According to a new report by Frost & Sullivan, U.S. Physician Revenue Cycle Management (RCM), the market for physician RCM solutions in 2012 was $11.1 billion and is expected to grow to $14.6 billion by 2016. “Medical Practices realize they must take every measure to maximize revenue and address inefficiencies and shortfalls in getting paid fully and on a timely basis,” wrote Nancy Fabozzi, Principal Analyst, Connected Health, Frost & Sullivan. “Medical practices will need to significantly re-engineer their entire RCM function, and most will seek solutions that offer robust integration between clinical and financial systems.”

The acquisition of ECCO positions Kareo well for the expected growth in integrated physician RCM solutions. The company now serves over 20,000 providers across the U.S. representing all medical specialties. Kareo delivers an integrated cloud-based platform comprised of EHR, practice management, and technology-enabled medical billing services. Kareo also provides a broad selection of specialty EHRs and value-added applications delivered through integrated partner solutions and maintains a network of over 600 medical billing companies that deliver their unique services utilizing Kareo’s practice management application. In 2013, over $25 billion in medical billing will be managed through the Kareo platform with software and services enabling providers to achieve the highest possible collection rates.

About ECCO Health

ECCO Health is a trusted nationwide professional medical billing service and practice management company based in Las Vegas, Nevada, with BPO operations in Chennai, India and San Jose, Costa Rica.  The Company focuses on relieving administrative duties of small and medium sized medical practices, allowing doctors to focus on patient care. ECCO provides full-service medical billing and coding, practice management, bilingual scheduling and operator service, referral and recall management, patient eligibility verification, prior authorizations and credentialing & contracting services.

About Kareo

Kareo is the only cloud-based medical office software and services platform dedicated to small practices. At Kareo, we believe that, with the right tools and support, small practices can do big things. We offer an integrated suite of products and services designed to help small practice physicians get paid faster, run their business smarter, and provide better care. Our Practice Management software, Billing Services, and free, full-featured EHR help more than 20,000 medical providers more efficiently manage the business and clinical sides of their practice. Headquartered in Irvine, California, Kareo’s mission is to help providers spend their time focused on patients, not paperwork. For more information, visit www.kareo.com.

July 24, 2013 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 5000 articles with John having written over 2000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 9.3 million times. John also recently launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and Google Plus.

HealthTronics Selects CareCloud’s Cloud-Based Solutions to Help Physicians Optimize Patient Care and Practice Management Operations

Collaboration Will Bring Integrated Electronic Health Record and Practice Management Offering to Urology Practices Nationwide

MIAMI–(BUSINESS WIRE)– CareCloud, a leading provider of cloud-based practice management, electronic healthcare record (EHR), revenue cycle management and medical billing software and services, today announced that the company has partnered with HealthTronics, Inc., a subsidiary of Endo Health Solutions Inc. (Nasdaq: ENDP), to bring to market a new integrated electronic health record and practice management offering specific to urology practices across the nation.

Under the terms of agreement, HealthTronics, a urology solutions company, will combine CareCloud’s practice management solution, CareCloud Central, with its UroChartEHR® and meridianEMR™ urology specific EHR systems, to provide urologists with a fully integrated clinical and financial platform to help enhance patient care and drive improved practice performance.

“As more medical groups continue to understand how getting onto the cloud can help them automate their practice it’s imperative that we help them do this in the least disruptive and most cost effective manner possible, and we feel this exciting new platform addresses this need in the urology-specific market,” said Albert Santalo, Chairman and CEO for CareCloud. “Healthcare is a complex industry and as such, not all physician practices need to outsource their billing or need a vendor’s full suite of products. It’s important we provide medical groups with a flexible model that allows them to leverage the cloud in the way that best meets their immediate needs. We are excited about joining with HealthTronics by coupling our practice management offering with their urology-specific clinical offering and providing them with a platform designed specifically for their needs and the care they provide.”

As part of HealthTronics and CareCloud’s new integrated offering, urology practices can select between HealthTronics’ two EHRs, each of which will have a unique interface to CareCloud’s practice management system. CareCloud’s practice management software will provide physician’s practices with dynamic billing rules intelligence, expert support, reporting tools, automated claim submission, and comprehensive analytics reporting that will enable medical groups to track and optimize revenue and operations performance in real-time. With the UroChartEHR and meridianEMR systems both being fully ONC-ATCB certified as complete EHRs, this new offering will also allow physicians to qualify as “Meaningful Users” of their EHR and receive their federal incentive. Additionally, HealthTronics’ clients will also have the potential to access CareCloud’s revenue cycle management service, CareCloud Concierge. Supported by CareCloud’s practice management platform, this service includes a virtual billing back office, dynamic rules intelligence and a reimbursement management system.

“After making the decision to use UroChartEHR for my transition to electronic health records, it became clear that I would need a new practice management system as well. In researching different options, there was great appeal to using a cloud-based platform and obviate the need to have servers in my office. I chose CareCloud because of its many features and almost intuitive simplicity of use,” said Dr. Marcus H. Loo, a New York City-based Urologist. “The integration of UroChartEHR and CareCloud in my practice has been seamless and the training of my staff by the CareCloud implementation specialists has exceeded my expectations. I also came away from the experience with the sense that the CareCloud and UroChartEHR teams coordinated the integration well with minimal disruption to my office workflow and patient care.”

About CareCloud

CareCloud is a leading provider of cloud-based practice management, electronic health record (EHR) and medical billing software and services for medical groups. The company’s products are connecting providers to one another – and to their patients – through a fully integrated digital healthcare ecosystem that can be accessed on any browser or device.

CareCloud is helping thousands of physicians to increase collections, streamline operations and improve patient care in more than 45 states. The company received over $20 million in Series A funding from Intel Capital and Norwest Venture Partners in 2011. To learn more about CareCloud, please visit www.carecloud.com.

February 6, 2013 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 blogs containing almost 5000 articles with John having written over 2000 of the articles himself. These EMR and Healthcare IT related articles have been viewed over 9.3 million times. John also recently launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. John is highly involved in social media, and in addition to his blogs can also be found on Twitter: @techguy and @ehrandhit and Google Plus.

Baptist Health South Florida Selects CareCloud to Drive Adoption of Electronic Health Records by Physicians Across Florida

Largest Not-for-profit Healthcare Organization in the Region Looks to Improve Patient Care and Efficiency by Subsidizing CareCloud’s EHR to Over 2,500 Affiliated Physicians

MIAMI–(BUSINESS WIRE)– CareCloud, a leading provider of cloud-based practice management, electronic healthcare record (EHR), Revenue Cycle and medical billing software and services, today announced that Baptist Health South Florida, the largest not-for-profit healthcare organization in the region, will subsidize CareCloud’s integrated electronic health record and practice management solution to more than 2,500 community-based physicians in an effort to improve patient care across South Florida. Affiliated physicians will also have access to CareCloud’s revenue cycle management services as part of this new partnership aimed at connecting physicians across South Florida to drive better care coordination for patients and lower healthcare costs.

“As a leading provider of care in South Florida, we are in constant communication with community physicians regarding their technology needs and market trends impacting their practice operations. With national and other various payer programs now in place granting financial incentives to physicians who can meaningfully use electronic healthcare record technology, we are committed to providing and subsiding the latest in cloud-based technologies that help drive better patient care while also connecting community physicians to our hospitals and other care givers,” said Mimi Taylor, Corporate Vice President and Chief Information Officer for Baptist Health South Florida. “With their flexible architecture and modern design, we feel CareCloud’s EHR offering will enable physicians across our care continuum to move their practices online with greater ease, less disruption to their practice workflow while also gaining greater insight into their patient population and ability to coordinate care.”

As part of Baptist Health’s community connectivity program, Baptist Health will subsidize up to 85% of CareCloud’s cloud-based EHR and practice management solution to South Florida medical groups. In addition to the subsidies they receive from Baptist Health, physicians may also be eligible for up to $44,000 in Medicare incentives over five years as part of the American Recovery and Reinvestment Act and using CareCloud’s certified product.

Along with having discounted access to the company’s EHR and practice management offering, physicians will also have access to CareCloud Concierge, a complete revenue cycle management service that utilizes dynamic rules intelligence software, expert live support and real time business analytics and reporting tools to help medical practices increase collections and streamline operations. To learn more about CareCloud and its full product offering and pricing visit; www.carecloud.com/pricing/.

“Baptist Health South Florida continues to fortify their leadership position in healthcare both locally and nationally, as they look to aggressively connect area physicians using the latest cloud-based technology. The promise of electronic health record technology can only be fully realized if all key stakeholders in the healthcare continuum are connected and can act on real-time health information,” said Albert Santalo, Chairman and CEO of CareCloud. “They also understand that healthcare is seeing massive change in how physicians deliver care and are reimbursed for it. We are thrilled to be able to offer our leading revenue cycle management service as part of this program and help area medical groups deliver the best care possible while bolstering their overall business outcomes.”

About Baptist Health South Florida

Baptist Health South Florida is the largest faith-based, not-for-profit healthcare organization in the region. Baptist Health includes Baptist Hospital, South Miami Hospital, Baptist Children’s Hospital, Baptist Cardiac & Vascular Institute, Mariners Hospital, Homestead Hospital, Doctors Hospital, West Kendall Baptist Hospital and Baptist Outpatient Services. Baptist Health Foundation, the organization’s fundraising arm, supports services at all hospitals and facilities affiliated with Baptist Health. For more information, visit BaptistHealth.net, and connect with BaptistHealthSF on FacebookTwitter and YouTube.

About CareCloud

CareCloud is a leading provider of cloud-based practice management, electronic health record (EHR) and medical billing software and services for medical groups. The company’s products are connecting providers to one another – and to their patients – through a fully integrated digital healthcare ecosystem that can be accessed on any browser or device.

CareCloud is helping thousands of physicians to increase collections, streamline operations and improve patient care in over 30 states. The company was named a winner of IBM’s SmartCamp Silicon Valley 2010 for its innovative technology and received over $20 million in Series A funding from Intel Capital and Norwest Venture Partners. To learn more about CareCloud, please visit www.carecloud.com.

November 18, 2012 I Written By

Doctors Access Selects CareCloud To Launch New Practice Management Solution for Physician Network

Partnership Will Utilize CareCloud’s Cloud-Based Software and Services as Foundation for Doctors Access Pro Practice Management Offering for Hundreds of Healthcare Providers

NASHVILLE, Tenn. & MIAMI–(BUSINESS WIRE)–CareCloud, a leading provider of web-based practice management, electronic healthcare record (EHR) and medical billing software and services, today announced that Doctors Access, Inc., a nearly 20 year old practice management company and a division of iPractice Group, has entered into a unique partnership with CareCloud. Through this agreement, Doctors Access will utilize CareCoud’s platform in its new cloud-based practice management offering, Doctors Access Pro™, which will be made available to the approximately 500 current users of the Doctors Access practice management software.

As part of this strategic partnership, CareCloud’s cloud-based practice management software and services will act as the backbone of Doctors Access Pro, which will be an intuitive-to-use, easy-to-adopt and HIPAA 5010 compliant solution. The new practice management system will provide dynamic rules intelligence, expert live chat and phone support, reporting tools, automated claim submission, and comprehensive analytics reporting that will enable medical groups to track and optimize revenue and operations performance in real-time.

“Given the growing demands on medical and chiropractic practices to comply with new medical billing protocols, we believed it was time to offer our clients a cloud-based practice management solution to more easily navigate evolving compliance mandates like HIPAA 5010 and ICD-10, while at a price point that’s within the budget of smaller independent practices. After a lengthy search, we felt that CareCloud and its cloud-based practice management and revenue cycle management products clearly stood out in the industry,” said Ting Chang, Chief Executive Officer of Doctors Access.

Doctors Access plans to present the new Doctors Access Pro cloud-based solution to its clients starting in August 2012. iPractice Group, Inc., the parent company of Doctors Access, has already successfully migrated to the new cloud-based system for its revenue cycle management and billing services.

“We are thrilled to partner with Doctors Access as we look to bring a unique cloud-based practice management solution to hundreds of doctors across the country. Healthcare is seeing massive change, and no population in the industry is facing greater challenges than doctors and healthcare providers as they look to stay current with emerging IT and regulatory mandates,” said Albert Santalo, CareCloud’s Chairman and CEO. “Given the inherent flexibility of our cloud-based platform, CareCloud can partner with firms like Doctors Access to bring market-unique offerings to hundreds of diverse providers across a wide geographic region. We’re excited to enable Doctors Access’ healthcare providers to experience a network effect that bolsters their practices’ operations through capabilities that aren’t always available in traditional software solutions.”

About Doctors Access, a division of iPractice Group, Inc.

Doctors Access is a customer-focused technology services firm who provides practice management software and billing services to smaller, independent medical and chiropractic practices. Having nearly 20 years success working with hundreds of practices across the U.S., Doctors Access understands the challenges facing today’s healthcare providers across all specialties. As a division of iPractice Group, an all-inclusive IT products & services company headquartered in Nashville, TN, Doctors Access works with customers to update their businesses’ IT systems and improve their revenue management by offering practice management software, services, and IT support. Doctors Access is located at 51 Century Boulevard, Ste 125, Nashville, TN, 37214. For more information on Doctors Access, visit www.doctorsaccess.com or www.doctorsaccesspro.com.

About CareCloud

CareCloud is a leading provider of cloud-based practice management, revenue cycle management, electronic health record (EHR) and medical billing software and services for medical groups. The company’s products are connecting providers to one another – and to their patients – through a fully integrated digital healthcare ecosystem that can be accessed on any browser or device.

CareCloud is helping thousands of physicians to increase collections, streamline operations and improve patient care in over 30 states. The company was named a winner of IBM’s SmartCamp Silicon Valley 2010 for its innovative technology and received over $20 million in Series A funding from Intel Capital and Norwest Venture Partners. To learn more about CareCloud, please visit www.carecloud.com.

August 5, 2012 I Written By

CareCloud Appoints Brad Blakey as Vice President of Sales

Healthcare IT Industry Veteran Brings More Than 20 Years of Sales and Operational Experience

MIAMI–(BUSINESS WIRE)– CareCloud, a leading provider of web-based practice management, revenue cycle management, electronic healthcare record (EHR) and medical billing software and services, today announced that the Company has hired Brad Blakey as Vice President of Sales. Mr. Blakey brings decades of experience establishing and scaling sales operations in the healthcare technology industry. He will join CareCloud as a member of its executive leadership team and will be responsible for managing and streamlining the Company’s growing sales organization. Mr. Blakey will report to Richard Lopez del Rincon, Executive Vice President of Sales.

Brad Blakey most recently served as Vice President of Sales at NextGen Healthcare, a wholly owned subsidiary of Quality Systems, Inc. (NASDAQ: QSII) and provider of healthcare information systems and connectivity solutions. He was responsible for all new business sales in the Southern Region. Prior to his role at NextGen Healthcare, Mr. Blakey was Vice President of Sales at athenahealth, Inc. (NASDAQ: ATHN), a provider of cloud-based revenue cycle management and electronic health record services. During his time at athenahealth, he worked to launch the company’s original web-based revenue cycle management service offering, athenaCollector, and established the company’s brand and sales operations in the Midwestern region.

“CareCloud continues to add some of the top executive talent in the healthcare technology market. Brad brings tremendous sales management experience in an entrepreneurial environment, having been a key member of athenahealth’s sales team as it was scaling from less than $1 million in revenue to nearly $100 million by the time of his departure,” said Albert Santalo, Founder, Chairman and CEO of CareCloud. “Given the growing demand for our cloud-based technology, it’s vital that we have top sales leadership talent on the team to ensure that our sales engine is unrivaled.”

“I could not be more excited to join CareCloud at such a pivotal time in its evolution. Having worked in healthcare technology and been exposed to so many different technologies, it is very clear that cloud computing will be the dominant model for how doctors manage their operations and deliver care,” said Blakey. “I cannot think of a company better positioned or with a more disruptive business model than CareCloud. I look forward to working with the leadership and sales teams to bring in new business and sales opportunities.”

Mr. Blakey received his Bachelor of Science from Western Illinois University.

About CareCloud

CareCloud is a leading provider of web-based practice management, revenue cycle management, electronic health record (EHR) and medical billing software and services for medical groups. The company’s products are connecting providers to one another – and to their patients – through a fully integrated digital healthcare ecosystem that can be accessed on any browser or device.

CareCloud is helping more than 1,200 physicians to increase collections, streamline operations and improve patient care in over 30 states. The company was named a winner of IBM’s SmartCamp Silicon Valley 2010 for its innovative technology and received over $20 million in Series A funding from Intel Capital and Norwest Venture Partners. To learn more about CareCloud, please visit www.carecloud.com.

May 5, 2012 I Written By

WebPT Adds Revenue Cycle Management Service to Deliver End-to-End Solution for Clinics

The reason this new offering is significant is because it extends WebPT beyond just an EMR provider and now they are becoming a full, cloud solution for PT clinics to help them run better.  You hear how unhappy healthcare providers are with having EMR thrown upon them, and not realizing a benefit for their patients or their practices. WebPT has proven the opposite within their market, and with this new offering, they are helping clinics come fully into the modern age with software that actually makes their clinics more efficient, and more profitable, so they can focus on patient care.

Customers See Increased, Faster Reimbursements with New Dedicated Billing Service

(Phoenix, Ariz. April 3, 2012) – WebPT, developer of cloud-based software that makes clinics more efficient, now offers a Revenue Cycle Management service in addition to its industry leading EHR system for physical therapists. Leveraging a team of deeply experienced billing specialists; WebPT is now offering a complete, turnkey solution to make billing and collections more efficient.

Electronic documentation of billable services and demographics will flow directly from the WebPT EHR system to a dedicated billing team, which will handle claims processing, reimbursement management and accounts receivable.  This enables physical therapists to focus on patient care instead of back office billing. It also improves front office efficiency and saves time with the elimination of data double entry.

“We’re expanding the WebPT solution to help clinic owners become successful in all areas of their practice,” says Paul Winandy, CEO of WebPT. “Faced with declining reimbursements, it’s critical for therapists to get paid promptly and accurately for every service they provide. Our dedicated team of expert billing specialists makes sure that happens with our new “white glove” billing service.”

WebPT has an impressive 95 percent first-pass claim acceptance record, resulting in an accelerated reimbursement process. Supported by the same premium level of customer service that WebPT members are familiar with, all billing and insurance filing needs are handled domestically with no automated phone systems or overseas staff.

Using WebPT’s integrated billing service is like having a dedicated expert employee on staff. Tasks such as posting and reconciling payments, and investigating, correcting and appealing insurance denials are all performed with WebPT’s all-in-one solution. Also available is real-time, 24/7 access to billing and claim information, which can be accessed from any computer, tablet, or Web ready device. Customers are given access to a robust dashboard that will provide daily, weekly and monthly reports for their review. The dashboard will give insight into account aging, revenue per visit, payer mix and more, to help provide a deeper understanding into the cash flow of their clinic.

“WebPT’s billing experts are so Accessible and knowledgeable of my clinic, that I feel like they are part of my staff, I know exactly who is handling my account, and appreciate never being handed off to a third party or offshore team,” says Zach Sutton, DPT, MS, OCS of McMinnville Physical Therapy. “The prompt service and communication WebPT provides has helped my clinic identify small errors that get claims rejected, and they fight for every dollar we can. As an integral part of my clinic’s success, WebPT handles important tasks which allow me the freedom to spend my time on treating my patients and growing my practice.”

More information on the WebPT Billing Service visit: http://www.webpt.com/features/billing

About WebPT

WebPT, Inc. is the fastest growing Web-based EHR for Physical Therapists. It is the easiest, most affordable, and most complete solution for private practice physical therapy clinics on the market today. WebPT ensures compliance, security, and efficiency while providing a truly mobile solution that meets the needs of today’s PT. More information can be found at http://www.webpt.com.

April 3, 2012 I Written By

Availity Launches Professional Development Product

Availity Learning Center to Provide Industry Education to Health Care Business People

JACKSONVILLE, Fla.–(BUSINESS WIRE)–Health information network Availity is launching a new professional development product that will provide continuing education to hospital and medical group practice administrators, managers, office and billing staff. The Health Care Business Expert Series, accessible through the Availity Learning Center, begins Nov. 3.

Upcoming webinar topics include understanding the effect of HIPAA version 5010 transaction standards, applying best practices in revenue cycle management, using technology to manage office workflow and preparing for the industry migration to the ICD-10 code set. These timely and relevant topics will equip health care staff with knowledge needed to broaden their skills, train for expanding job responsibilities, fulfill continuing education requirements, or simply enhance value to their employers.

“As the health care industry applies information technology to reduce costs throughout the system, we’re seeing an increased demand for workplace training on how to navigate this shifting dynamic,” said Kristina Oliver, Director of Learning and Documentation Services at Availity. “We’ve responded by extending Availity’s experience in health care information to deliver useful, timely information that helps people effect change.”

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Availity Learning Center webinars will feature recognized experts in the business of health care and information technology, including Robert Tennant, senior policy advisor on federal legislative and regulatory HIT issues; Elizabeth Woodcock, a national trainer and author specializing in physician practice and revenue cycle management; and Rosemarie Nelson, a health care consultant specializing in information technology systems implementation for medical group practices.

Webinars are $129 each and come with a certificate of completion and continuing education units, where applicable. To register for the Availity Learning Center and enroll in a webinar, click here.

About Availity, LLC – Patients. Not Paperwork.

Availity optimizes information exchange between multiple health care stakeholders through a single, secure network. The Availity Health Information Network encompasses administrative, financial, and clinical services, supporting both real-time and batch electronic data interchange via the web and through business to business integration. For more information, including an online demonstration, please visit www.availity.com or call 1.800.AVAILITY (282.4548).

November 6, 2011 I Written By

Bizmatics Announces Medical Billing Services to Complement PrognoCIS EMR and PM Solutions

Bizmatics’ new electronic medical billing service works with their certified PrognoCIS EMR system to maximize a practice’s collections.

San Jose, CA (PRWEB) October 19, 2011  Leading EMR software provider Bizmatics Inc. has officially introduced their full-service, in-house electronic medical billing service to complement PrognoCIS EMR – their flagship electronic medical record system. This new service, which focuses on improved Revenue Cycle Management (RCM), offers practices an integrated EMR, practice management and billing service to streamline office efficiency and simplify collection processes.

Medical practice collections have been cut significantly in the recent years, thereby increasing the importance of maximizing a practice’s collections. The new medical billing service from Bizmatics will ensure quick submission of claims (within 24-48 hours of the visit) as well as seamless transitions from patient visits to billing to actual revenue generation.

“With our leading Five Star ONC-ATCB-rated PrognoCIS EMR, we at Bizmatics have earned our stripes in the medical industry,” says Bizmatics CEO Vinay Deshpande. “Our team knows what today’s medical practices are faced with: strict regulations from CMS (Centers for Medicare and Medicaid Services) and the private insurance carriers. Our program has been built to bill and track collections for optimal payments.”

The new service combines the benefits of electronic medical billing with the benefits of hiring a trusted medical billing service. Physicians will have a team of medical billing experts working on their accounts, and the integrated clinical and billing data from its own software system gives Bizmatics’ billing service staff a tremendous advantage. Known for their superior medical coding and collections skills as well as their PrognoCIS electronic medical record system, Bizmatics originally conceived a billing service to satisfy a few niche customers, but demand for it has been so great that it has grown into a full product services offering. Many PrognoCIS customers have already adopted medical billing from Bizmatics and are extremely satisfied with the service.

With medical billing services from Bizmatics, PrognoCIS users will see the collections process executed with professionalism and respect for each patient. Medical billing agents are trained to investigate denied claims and underpayments and also have access to information showing medical practice visit types with full reporting tools. Billing agents are extremely knowledgeable about the medical industry, and Bizmatics offers highly competitive rates for their medical billing services.

About Bizmatics

Bizmatics, Inc. offers healthcare software and services for practices and hospitals of all sizes. Their PrognoCIS EMR system, rated as one of the best EHR software systems, integrates seamlessly with their new medical billing services to improve collections and reduce unpaid debts. For more information, visit http://www.bizmaticsinc.com.

October 25, 2011 I Written By

GE Healthcare Launches Centricity Business 5.0

As healthcare providers prepare to tackle the complexity of ICD-10 and face increasingly lower reimbursement rates, revenue cycle management continues to be a priority at hospitals and practices across the country.

On Monday, August 22, GE Healthcare will introduce Centricity Business 5.0 to help hospitals, academic medical centers and large practices prepare for the ICD-10 transition and other revenue cycle challenges. Built on a foundation of best metrics, interoperability and versatility, this newest version of GE Healthcare’s revenue cycle management solution helps improve profitability and efficiency by streamlining administrative tasks, accelerating revenue collection, enabling connectivity with any EMR and improving patient access.

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Next-generation Revenue Cycle Management Solution Combines Best Metrics, Interoperability and Versatility

BARRINGTON, Ill. – Aug 22, 2011 – GE Healthcare, a leading provider of healthcare information technology, today launched Centricity* Business 5.0, the next-generation revenue cycle management solution for hospital networks, academic medical centers, large practices and physician billing groups.  As healthcare organizations continue to face surging costs combined with the challenges of ICD-10 and healthcare reform, Centricity Business 5.0 helps enterprises achieve greater profitability and efficiency by streamlining administrative tasks from front desk to billing office, and accelerating revenue collection from payers to providers.

“Healthcare providers need to find new ways of managing the process and payment of patient care,” said Nancy Fabozzi, Senior Industry Analyst, Healthcare, Frost & Sullivan. “With continued financial pressures, industry shift to ICD-10, and emerging healthcare reform driving lower reimbursement levels, revenue cycle management solutions continue to be a critical investment for hospitals, physician practices, and integrated delivery networks. In preparing for transformational health system change, providers will increasingly seek vendor partners who offer robust and flexible revenue cycle management solutions that are versatile and deliver proven metrics such as lower A/R days and high collection rates in order to drive efficiency and profitability.”

Announced today at the Centricity Business National Users’ Conference in Boston, Centricity Business 5.0 is a new release that builds upon the solution’s core foundation of best metrics, versatility, and interoperability. Used by hundreds of leading healthcare organizations – including 75% of those in the July 18, 2011 US News & World Report  “2011-12 Best Hospitals Honor Roll” (http://health.usnews.com/health-news/best-hospitals/articles/2011/07/18/best-hospitals-2011-12-the-honor-roll) – Centricity Business meets emerging industry needs with a highly flexible architecture, can help improve margins by lowering A/R days, and can help enhance patient care by seamlessly connecting with any EMR.

“The versatility of Centricity Business allows us to drive real-time clinical and financial interoperability between Centricity Business and our EMR system for a seamless patient experience,” said Chuck Podesta, Chief Information Officer, Fletcher Allen Health Care.  “Centricity Business supports our hospital system’s revenue cycle automation strategy with low touch billing capabilities, and is a key part of our readiness for the ICD-10 transition. GE Healthcare has put a lot of resources into enhancing Centricity Business, and we’re looking forward to implementing the latest version.”

Armed with 206 new features, Centricity 5.0 supports customers in five key areas:

  • Low touch billing – Improves ability to meet risks of growing self-pay patient population by reducing human touch across the patient access and revenue cycle processes
  • Clinical connectivity – Drives real-time clinical and financial interoperability through tighter, closed-loop connectivity between Centricity Business and any EMR
  • Regulatory compliance – Provides organizations with native ICD-10 support two years ahead of the US Department of Health and Human Services’ compliance date of October 1, 2013
  • Better patient access – Streamlines enterprise-wide patient scheduling
  • Lower total cost of ownership – Reduces cost to implement, support, and maintain Centricity Business through virtualization

“Healthcare customers are struggling to deploy infrastructures that have the interoperability and flexibility they need without dramatically increasing the complexity of the environment,” said Hugh A. Rivers, Sr. Director, US Solution and Partner Sales, Health and Life Sciences, HP. “Using GE’s Centricity Business 5.0 with HP Converged Infrastructure, customers can address these needs through enhanced interoperability between any EMR system and Centricity Business’s open standards-based architecture.”

“Centricity Business 5.0 is extraordinarily versatile, building on 40 years of proven revenue cycle management experience which enables our customers to stay well ahead of emerging healthcare reform needs,” said Mike Friguletto, Vice President and General Manager of GE Healthcare IT.  “With technology that seamlessly connects clinical and financial information, supports the needs of ICD-10, and delivers top cash performance, Centricity Business 5.0 allows organizations to maximize their IT investment, support profitability, and dramatically shorten the appointment to payment cycle.“

To learn more about Centricity Business, visit www.gehealthcare.com/centricitybusiness.

*Centricity is a registered trademark of General Electric Company.

ABOUT GE HEALTHCARE:

GE Healthcare provides transformational medical technologies and services that are shaping a new age of patient care. Our broad expertise in medical imaging and information technologies, medical diagnostics, patient monitoring systems, drug discovery, biopharmaceutical manufacturing technologies, performance improvement and performance solutions services help our customers to deliver better care to more people around the world at a lower cost. In addition, we partner with healthcare leaders, striving to leverage the global policy change necessary to implement a successful shift to sustainable healthcare systems.

Our “healthymagination” vision for the future invites the world to join us on our journey as we continuously develop innovations focused on reducing costs, increasing access and improving quality around the world. Headquartered in the United Kingdom, GE Healthcare is a unit of General Electric Company (NYSE: GE). Worldwide, GE Healthcare employees are committed to serving healthcare professionals and their patients in more than 100 countries. For more information about GE Healthcare, visit our website at www.gehealthcare.com.

August 22, 2011 I Written By