Neurosurgery Department First to Benefit from Automated Facility Billing Processes
BOSTON, June 21 / / - MedAptus(R) today announced that the newest offering in its suite of revenue cycle solutions, Facility Charge Capture, is now live and in the process of enterprise-wide deployment at the world-class Lahey Clinic Medical Center.
Facility Charge Capture is a point-of-care system that supports comprehensive management and reconciliation of technical charges, which, for hospital ambulatory centers, include facilities charges, procedures, materials and medications. At Lahey Clinic Medical Center, based in Burlington, Massachusetts and a MedAptus customer since 2001, the solution is seamlessly integrated with the MedAptus Professional Charge Capture system. Currently more than 400 physicians, clinicians and administrative staff use MedAptus for professional coding and compliance at the point-of-care.
The first department at Lahey Clinic to utilize Facility Charge Capture is Neurosurgery. Approximately 75 patient appointments are scheduled daily at the busy clinic, which is experiencing both 100 percent clinical staff adoption of the new system as well as 100 percent electronic charge submission.
"Having observed physicians use MedAptus for their charge capture for a number of years, it is exciting to finally have a system designed to streamline the billing processes of clinical staff. The system is extremely easy-to-use and as a result, allows staff to spend less time on paperwork and more time delivering patient care," said Lahey Clinic's Administrative Director for Neurosciences, Susan Dignan.
Cynthia Trapp, CHFP, CMPE, CPC, CCS-P, director of professional coding and project lead on the Facility Charge Capture deployment at Lahey Clinic, added, "We have had a long and highly favorable relationship with MedAptus and are thrilled to see the results of our close collaboration over the last 18 months on a dedicated facility charge capture solution. All signs indicate that we will enjoy the same results for our facility related charges as we have with professional charges - the elimination of lost charges, a streamlined billing process and compliance gains."
A key component of the Lahey Clinic deployment of Facility Charge Capture is the MedAptus Cross Reconciliation Engine(TM), a tool that seamlessly auto- populates shared data elements between the physician's professional charge and related facility and materials charges. This tool not only improves compliance and reduces data entry, but also is hugely beneficial in identifying previously overlooked charge opportunities.
"Shortly after the successful implementation of MedAptus for our professional charge capture, we started exploring the opportunity of working with MedAptus to create a product that allows our outpatient hospital nursing colleagues to utilize physician coding to create the facility charge - from within the same software product. Computerizing both the professional and facility charge components provides many benefits, including the ability to cross reference the professional and facility charge records before any charge data is sent to our IDX TES and MEDITECH billing systems," stated Roger Cameron, senior vice-president, patient financial services, Lahey Clinic. "As we move forward with MedAptus on this product, we plan to build additional quality check edits that will further improve our ability to meet the ever changing outpatient facility coding and billing requirements."
"Since joining MedAptus in 2004, it has been a vision of mine to extend the strong return on investment and improved compliance we provide physicians through our professional product to hospitals for technical charge capture. Our Facility product leverages MedAptus' demonstrated strengths in revenue cycle management and interoperability to tightly couple the hospital charge master with charges captured at the point-of-care to yield impressive financial benefit. We are proud to have worked so closely with our oldest customer to see this product evolve from a concept to a deployed solution," stated David Delaney, MD, chief medical officer at MedAptus. "Given no other vendor currently offers a system capable of capturing and processing facility charges across an enterprise, we anticipate significant demand from new customers in the hospital market, which we are fully prepared to meet."
Attendees at the 2007 Healthcare Financial Management Association (HFMA) ANI: The Healthcare Finance Conference in San Diego, June 24-26, are invited to stop by the MedAptus booth, number 107, for a demonstration of Facility Charge Capture.
About Lahey Clinic Medical Center
Lahey Clinic Medical Center, a physician-led, nonprofit group practice, is world-renowned for innovative technology, pioneering medical treatment, and leading-edge research. A teaching hospital of Tufts University School of Medicine, the Clinic provides quality health care in virtually every specialty and subspecialty, from primary care to cancer diagnosis and treatment to kidney and liver transplantation. For more information, please visit http://www.lahey.org/.
About MedAptus Corporation
MedAptus believes that in order for point-of-care technologies to make sense, they must be easy to use, deliver demonstrable returns and also leverage an organization's current information technology investments. MedAptus' Revenue Cycle Management suite of products includes both Professional and Facility Charge Capture; the company also offers complementary clinical applications such as Dictation, Clinical Content, Electronic Prescribing, and Clinical Results. Enterprises that have deployed MedAptus solutions have realized millions of dollars in increased revenue, improved organizational productivity, and enjoyed enthusiastic user adoption. For more information, visit www.medaptus.com/ or call 617.523.1221.
Source: MedAptus Corporation
CONTACT: Jennifer Crowley of MedAptus Corporation, +1-617-896-4030, or firstname.lastname@example.org
Web site: www.medaptus.com/