Web-Based Software manages health plan provider information.
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Press Release Summary:
Enterprise-wide Portico(TM) v5.0 addresses data integrity, management, and accessibility challenges associated with health plan Provider Network Operations. Accessible by any secure user, software integrates disparate provider systems with secure, single source of truth for provider information. It tracks and stores multiple provider relationships, contracting, and pricing information needed to adjudicate and pay claims, as well as supports automated credentialing.
Original Press Release:
FMG Offers Health Plans Big Savings, Increased Efficiency and Enhanced Quality with Portico(TM) 5.0 Release
PHILADELPHIA, Jan. 10 - FMG Technologies (FMG), a leading software and business solutions firm focused exclusively on improving the efficiency of health plan Provider Network Operations, is pleased to announce the release of Portico(TM) 5.0, its proprietary provider information management system. Portico(TM) 5.0 is the only enterprise-wide software platform designed specifically to address the data integrity, management and accessibility challenges associated with health plan Provider Network Operations. Many leading regional and national health plans throughout North America are already realizing immediate efficiencies, significant savings and enhanced provider and member relations from Portico's robust capabilities.
A web-based application, Portico(TM) 5.0 maintains enterprise-wide provider information in a central repository. Accessible by any secure user, Portico(TM) 5.0 improves interdepartmental workflows by integrating disparate provider systems with a secure, single source of truth for provider information. A robust business rules engine enforces data integrity and allows users to build, automate and track business processes specific to their plan.
The tool tracks and stores multiple, complex provider relationships, contracting and pricing information needed to properly adjudicate and pay claims, as well as supports automated credentialing, provider maintenance and provider site visit workflows. Portico's flexible user interface enables ease of configuration and responsiveness to the ever changing healthcare environment. Robust reporting capabilities provide visibility upon which key strategic decisions are based.
Portico(TM) 5.0 is also designed to meet future compliance requirements such as the National Provider Identifier (NPI), mandated by the Health Insurance Portability and Accountability Act of 1996 (HIPAA).
According to Mike Flanagan, FMG Vice President of Products and Services, Portico(TM) 5.0 makes it easier for payers to streamline the flow of quality provider information, reducing administrative costs and improving provider and member services.
According to Flanagan, because Portico(TM) was built specifically with a view of broader Provider Network Operations challenges in mind, it is uniquely positioned to address all of the complex needs of health plan organizations. "While other administrative solutions tout point solutions or provider data management services, but continue to maintain provider data within separate data silos, Portico(TM) is a true Provider System, developed specifically and only to ensure efficient Provider Network Operations. From our experience, such an effective operation is only possible by enabling enterprise-wide departments real-time access to a centralized database of accurate provider information," Flanagan said.
"From our earliest days of delivering highly efficient provider credentialing software, FMG paid close attention to the operational needs of provider networks. We gained a clear sense of how things were in most Provider Network Operations and developed a vision of how things could be. We then engineered the Portico(TM) solution to be a more efficient way for health plans to manage their Provider Network Operations," Flanagan said. "With fully supported implementation and integration services, leading payer organizations are now depending on Portico(TM) 5.0 to begin leveraging more effective Provider Network Operations to meet strategic business objectives and provide enhanced business value throughout the enterprise."
About FMG
FMG Technologies is a leading software and business solutions firm focused exclusively on health plan Provider Network Operations. FMG's flagship platform, Portico(TM), is the only enterprise-wide software platform designed specifically to address the data integrity, management (including NPI) and accessibility challenges associated with health plan Provider Network Operations. Many leading regional and national health plans throughout North America have benefited from FMG's deep industry expertise. Coupled with Portico's robust capabilities, these plans are realizing significant cost savings, enhanced member and provider satisfaction, improved quality, mitigated risk and improved workforce productivity. For product or partner information, please contact Amy Gugger at agugger@fmgtech.com or at 484-533-6209. You can also visit our website at www.fmgtech.com/.
CONTACT: Amy Gugger, FMG Technologies, +1-484-533-6209, agugger@fmgtech.com
