Software streamlines medical billing processes.
Press Release Summary:
Integrated with Professional Charge Capture and Charge Data Master, Technical Charge Capture provides management and reconciliation of point-of-care technical charges, such as materials and medications, facilities charges, and technical procedures. Cross Reconciliation Engine(TM) provides data cross analysis between professional and technical sides to locate missed charge opportunities. Software also includes real-time dashboard view of all entered and outstanding charges.
Original Press Release:
MedAptus Introduces New Technical Charge Capture Solution for Streamlined Facility Billing and Optimized Revenue Cycle Management
Lahey Clinic Medical Center Signed as Beta Site
BOSTON, Dec. 19 / -- MedAptus® today announced the launch of the latest addition to its family of revenue cycle solutions, Technical Charge Capture. The solution provides for comprehensive management and reconciliation of point-of-care technical charges, including facilities charges, technical procedures, materials and medications. The company additionally announced that the prestigious Lahey Clinic Medical Center, based in Burlington, Massachusetts and a MedAptus customer since 2001, has agreed to serve as a beta site.
MedAptus' Technical Charge Capture is seamlessly integrated with its Professional Charge Capture, which supports physician coding and compliance at the point-of-care. The two products utilize the MedAptus Cross Reconciliation Engine(TM), a powerful tool capable of driving revenue improvements through data cross analysis between the professional and technical sides to locate missed charge opportunities. In addition, common data elements auto-populate between the systems greatly reducing administrative burden and improving compliance.
The Technical Charge Capture product is fully integrated with the hospital Charge Data Master (CDM), providing for seamless propagation of relevant CDM changes to point-of-care charge capture. Without such an electronic solution in place, the management of CDM changes is time-consuming, highly manual, and commonly a source of both revenue loss and compliance issues.
Lahey Clinic Medical Center, which has more than 400 users of MedAptus' Professional Charge Capture, sought a solution for the management of its facility-related charges to improve revenue capture for technical services as well as reduce administrative burden related to capturing and reconciling charges with a paper-based system. "Given the success that the Lahey Clinic has had with MedAptus' Professional Charge Capture, when we decided it was time to automate our facility billing, MedAptus was the logical choice," said Linda Cagle, senior vice president of clinical services at Lahey Clinic Medical Center. "We are excited to be serving as the beta site for the new Technical Charge Capture application and expect that the end result will be a solution that is easy to use, improves staff efficiencies and further optimizes our revenue cycle."
Similar to MedAptus' Professional Charge Capture, the new Technical Charge Capture solution also includes a real-time, automated dashboard view of all entered and outstanding charges for a select timeframe, specialty, location and/or physician, giving an institution tighter control over its facility billing process. Other benefits include the elimination of costs related to paper-based encounter forms and data entry related expenses.
"MedAptus has long been known as a company that provides primarily physician- and group practice-oriented solutions. With the addition of Technical Charge Capture, we are broadening our target market and potential user base significantly and anticipate being able to deliver the same type of demonstrable revenue results," stated Dennis Mitchell, president and CEO of MedAptus. "We are honored that Lahey Clinic is serving as an early adopter site given how technologically savvy the institution is and we expect that our efforts will yield the most comprehensive charge capture offering available."
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 Technical 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 physician adoption. For more information, visit www.medaptus.com/ or call 617.523.1221.
MedAptus Contact:
Jennifer Crowley
p. 617.896.4030
jcrowley@medaptus.com
Source: MedAptus Corporation
Web site: www.medaptus.com/
http://www.lahey.org/
