|
PatientKeeper Launches Charge Aggregator Solution to Streamline Healthcare Billing for Health Networks
Thursday, October 22, 2020
As health systems face financial challenges, PatientKeeper's proprietary technology increases billable charge volume by 20% on average
WALTHAM, Mass., Oct. 14, 2020 /PRNewswire/ -- PatientKeeper®, Inc. a national provider of electronic health record (EHR) optimization software solutions, today announced the immediate availability of PatientKeeper Charge Aggregator(TM). This software enables a healthcare network's central billing office (CBO) to efficiently consolidate, reconcile, and process charges generated across multiple facilities, specialties, and systems.
The PatientKeeper Charge Aggregator launch comes at a critical moment for healthcare, as consolidation continues to occur at a rapid rate. One Deloitte study estimates that the rate of hospital acquisitions will leave only 50 percent of current health systems remaining in 10 years. This degree of consolidation leads to many health systems working with an average of 16 different EHR vendors at any given time, which makes it time and labor intensive for CBO professionals to access, confirm, and process clinical charges.
PatientKeeper Charge Aggregator provides billers and coders, many of whom are working remotely amid the pandemic, user-friendly technology to efficiently consolidate and normalize charges coming from multiple EHRs and hospital departments. It also utilizes automated logic to optimize the billing process. When used in conjunction with PatientKeeper's charge-note reconciliation tool, billing professionals can match charges to clinical notes to help ensure billing accuracy and completeness.
Using PatientKeeper Charge Aggregator increases the volume of a hospital's billable charges by an average of 20 percent, potentially leading to millions of dollars in previously lost revenue. This equates to an estimated extra $1,500 in billing per month per hospitalist, with additional opportunity for specialists.
"At a time when COVID-19 has devastated the traditional workflow and finances of many health systems nationwide, we are proud to offer a product that can help improve a provider organization's bottom line quickly," said Amy Sullivan, Vice President of Revenue Cycle at PatientKeeper. "We know that many billing professionals spend hours trying to compile and make sense of various professional charges, and often have to track down their colleagues for clarity. Charge Aggregator can help directly reduce that burden and increase workflow efficiency in the CBO."
Moffitt Cancer Center in Tampa, Florida, was an early adopter of PatientKeeper Charge Aggregator.
"At Moffitt, the use of multiple specialty systems creates a challenge for managing the coders' work. With PatientKeeper Charge Aggregator, we are able to pull in charges from disparate systems throughout the hospital, such as the Pathology, Radiology, and Radiation Oncology, into one foundational and flexible platform," said Hilda Garcia, Supervisor, HIM Professional Practice Coding. "Without this technology, my team could not have a standard workflow, and I would not be able to easily manage the charges that they code across the organization."
PatientKeeper's product launch is especially timely as healthcare providers and billing teams prepare to meet the annual ICD-10-CM diagnosis codes changes, effective October 1, 2020, and the Current Procedural Terminology (CPT®) code annual changes, effective January 1, 2021. With PatientKeeper Charge Aggregator, these often-confusing code changes that result in millions of dollars in lost revenue, can be streamlined on the back-end saving both providers time and hospitals lost revenue.
To learn more about PatientKeeper Charge Aggregator, visit PatientKeeper's website; and read more from Amy Sullivan in her recent TransforMED blog post.
About PatientKeeper, Inc. PatientKeeper's EHR optimization software solutions help streamline clinician workflow, improve care team collaboration, and fill functional gaps in existing hospital EHR systems. With PatientKeeper, clinicians can easily access and act on all their patient information from PCs, smartphones and tablets. PatientKeeper has more than 75,000 active users today.
Media contact: David Domeshek PatientKeeper, Inc. (781) 373-6232 256669@email4pr.com
View original content to download multimedia:http://www.prnewswire.com/news-releases/patientkeeper-launches-charge-aggregator-solution-to-streamline-healthcare-billing-for-health-networks-301151780.html
SOURCE PatientKeeper, Inc.
|
|
|
|
Computer Guidance Corporation Successfully Passes SOC 1 Type II and SOC 2 Type II Audits | Mar 29, 2024
|
|
ATTENTION SEEKERS SELECTS ELUVIO FOR NEXT-GEN KEYSTREAM: SERVICE TO ENABLE BRANDS TO SECURELY STREAM EMBARGOED PRODUCT LAUNCHES AND PRIVATE EVENTS TO PRESS AND GLOBAL INFLUENCERS | Mar 29, 2024
|
|
INCYBER FORUM ANNOUNCES INAUGURAL U.S. CONFERENCE TO TAKE PLACE JUNE 2025 IN SAN ANTONIO, TEXAS | Mar 29, 2024
|
|
Former SEC Senior Cybersecurity Advisor Christopher Hetner Joins EXTEND Resources | Mar 29, 2024
|
|
Countdown to Crunch Time: How Early and Continual Regulatory Engagement Leads to Regulatory and Commercial Success, Upcoming Webinar Hosted by Xtalks | Mar 29, 2024
|
|
New Oriental to Report Third Quarter 2024 Financial Results on April 24, 2024 | Mar 29, 2024
|
|
High Net Worth (HNW) Asset Allocation Trends Report 2024: Impacts Around Inflation, Interest Rates, Geopolitical Risk, and War | Mar 29, 2024
|
|
Telecom Capex Declined in 2023 as Operators Scale Back on 5G, According to Dell'Oro Group | Mar 29, 2024
|
|
Netwrix Offers Six Tips to Avoid Being Scammed When Traveling to the Olympics | Mar 29, 2024
|
|
Risas Dental & Braces Provides Notice of Data Security Incident | Mar 29, 2024
|
|
|
|