Craneware and CoxHealth to Share Best Practices for Improved
Physician Charge Documentation to Achieve Revenue Integrity at 2012
HFMA MAP Event
ATLANTA, Oct. 22, 2012 /PRNewswire/ -- Craneware,
Inc., the market leader in automated revenue integrity solutions,
today announced it will join its client, CoxHealth, at the 2012
HFMA MAP Event to present CoxHealth's success in engaging
physicians in the hospital's revenue integrity initiative.
CoxHealth will describe how they improved shared accountability
for documentation and charge capture by successfully engaging
physicians with hospital staff into their documentation and charge
capture compliance initiative. Specifically, CoxHealth leveraged
data revealed by Craneware Revenue Integrity Solutions®
in tandem, with CoxHealth's internal audit expertise and
leadership. The Healthcare Financial Management Association's
(HFMA) introduction of the Physician Practice Management MAP
(Measure, Apply, Perform) Keys for hospitals who manage physician
practices, is the latest demonstration of the healthcare industry's
increasing emphasis on physician financial performance as the
industry works to improve its business performance. HFMA's
pioneering MAP metrics program is greatly assisting healthcare
organizations in charting their path to achieve revenue integrity
and optimal business performance.
CoxHealth is a 2012 IMS Top 100 Integrated Healthcare
Network, serving southwest Missouri and northwest Arkansas. Carol
Conley, director of Audit and Compliance at CoxHealth, and
Lamon Willis, Craneware consultant,
will present the session, titled "CoxHealth: Improving Charge
Capture and Reimbursement Using a Physician Shadow Auditing
Program," on Monday, October 29 from
7:00-7:50 a.m. in San Diego, CA.
During this session, CoxHealth will detail the best practices
they developed for implementing centralized charge management and
physician-auditing strategies, and identify critical success
factors for engaging physicians to support accurate documentation
and compliant charge capture for optimal reimbursement, which
helped the organization improve the documentation accuracy of
physicians in the program to greater than 90 percent.
"To meet the constantly changing demands of audits and other
regulatory requirements, it is vital that healthcare organizations
adopt strategic practices and technologies that assist in managing
risk and improve financial performance," said Keith Neilson, Craneware CEO. "CoxHealth's
innovative physician auditing program and enterprise-wide effort to
improve documentation at the point of care and beyond is a great
case study demonstrating how organizations can master challenges
using technologies and process improvements to achieve revenue
integrity. It is a privilege for Craneware to participate with
CoxHealth in presenting this case study in front of the HFMA
community, as we strive towards the common goal of achieving
operational efficiency and financial success in healthcare."
For eight consecutive years, Craneware's Chargemaster Toolkit,
Chargemaster Corporate Toolkit®, Online Reference
Toolkit®, Bill Analyzer, and Interface Scripting Module
have achieved HFMA Peer-Reviewed status, indicating that the
products met stringent Peer-Reviewed requirements (*HFMA does
not endorse or guarantee the use of these products).
About HFMA
The Healthcare Financial Management
Association (HFMA) provides the resources healthcare organizations
need to achieve sound fiscal health in order to provide excellent
patient care. With more than 39,000 members, HFMA is the nation's
leading membership organization of healthcare finance executives
and leaders. HFMA helps its members achieve results by providing
education, analysis, and guidance, and creating practical tools and
solutions that optimize financial management. The organization is a
respected and innovative thought leader on top trends and
challenges facing the healthcare finance industry.
About HFMA MAP
HFMA's MAP is a comprehensive strategy
to transform the revenue cycle by helping leaders Measure
performance, Apply evidence-based practices, and Perform to the
highest standards. MAP establishes the definitive indicators of
revenue cycle excellence (MAP Keys); offers a web-based application
to track and compare performance (MAP App); honors revenue cycle
excellence and improvement (MAP Awards); and share lessons from
industry leaders (MAP Event).
About CoxHealth
CoxHealth is accredited by The Joint
Commission and distinguished as one of the nation's Top 100
Integrated Healthcare Systems (2006-2012). Established in 1906 and
based in Springfield, Mo.,
CoxHealth serves more than 900,000 people in a 25-county service
area in southwest Missouri and
northwest Arkansas. Our
comprehensive array of primary and specialty care includes three
hospitals and more than 50 physician clinics in 20 communities. Our
health system includes Oxford HealthCare (a home health agency),
Home Parenteral Services (home infusion therapy), CoxHealth
Foundation, Cox College, Cox Family
Medicine Residency Program and much more.
About Craneware
Craneware (AIM: CRW.L) is the leader in automated revenue integrity
solutions that improve financial performance for healthcare
organizations. Craneware's market-driven, SaaS solutions help
hospitals and other healthcare providers more effectively price,
charge, code and retain earned revenue for patient care services
and supplies. This optimizes reimbursement, increases operational
efficiency and minimizes compliance risk. By partnering with
Craneware, clients achieve the visibility required to identify,
address and prevent revenue leakage. To learn more, visit
craneware.com and
stoptheleakage.com.
SOURCE Craneware, Inc.