WARREN, N.J., Jan. 28, 2016 /PRNewswire/ -- AdvantEdge
Healthcare Solutions ("AdvantEdge"), one of the nation's leading
providers of medical billing, practice management, and coding
services for specialty physicians, hospitals, behavioral health
facilities and surgery centers, today announced results of its
"Total Confidence" approach to medical billing and coding,
demonstrating that its standards go "above and beyond" those of
most firms in the industry. As a result, healthcare providers have
confidence that their financial results meet the most rigorous
standards. AdvantEdge will discuss its Total Confidence approach to
medical billing and coding at PRACTICE MANAGEMENT 2016 later this
week in San Diego.
Aspects of AdvantEdge's Total Confidence approach include SSAE16
SOC 1, Type II compliance, a complete HIPAA security assessment and
a comprehensive compliance plan. Companies that complete an annual
SOC 1 examination are able to demonstrate a substantially higher
level of assurance and operationally visibility than those
companies that do not. The completion of the SOC 1 Type 2
examination typifies AdvantEdge's ongoing commitment to create and
maintain the most stringent controls needed to ensure the highest
quality and security of services provided to its
customers.
In addition, AdvantEdge has a third-party HIPAA security audit
conducted of its operations on an annual basis. For the past three
years, AdvantEdge's audit results demonstrate that its operations
meet the rigorous data security requirements of HIPAA and the
HITECH act.
The AdvantEdge compliance plan proactively embraces all seven
core strategies that enable healthcare providers to ensure
compliance with regulations and avoid serious risks and penalties.
The seven core elements and actions in the AdvantEdge compliance
plan include:
- Compliance officer
- Written plan (policies and procedures)
- Training and education
- Lines of communication
- Auditing and monitoring
- Exception/incident procedures
- Response and corrective action
"Taken together, these strategies proactively respond to
regulations and provide improved communications, quality, and
potentially lower costs," said David
Langsam, President & CEO. In addition to its own
comprehensive compliance plan, AdvantEdge offers a wide variety of
compliance services to its clients, including an Internet-based
compliance training program. (Please download this fact
sheet for more information.)
"The AdvantEdge Total Confidence approach means that regulatory
and HIPAA compliance is assured while, at the same time, daily
operations achieve the highest financial performance for physician
practices, hospitals, ambulatory surgery centers, and behavioral
health agencies," said Mr. Langsam.
About AdvantEdge Healthcare Solutions
AdvantEdge is a
technology-enabled provider of healthcare business management
solutions and business intelligence tools that substantially
improve decision-making, maximize financial
performance, streamline operations, and eliminate compliance
risks for healthcare providers. AdvantEdge continues to gain
meaningful scale through organic growth and strategic acquisitions,
having completed seven since 2007. AdvantEdge is recognized as one
of the top 10 billing, coding, and practice management companies in
the U.S.; has more than 500 employees in eight regional offices in
the U.S. and one office in Bangalore,
India; and collects over $1
billion annually for its physician and hospital clients
using its own proven technology. AdvantEdge clients include
hospital-based physicians, hospitals, ambulatory surgery centers,
behavioral health agencies and large office-based groups.
AdvantEdge is backed by major investors Safeguard Scientifics
(NYSE: SFE) and Founders Equity. For more information about
AdvantEdge, please visit our website at www.ahsrcm.com, "like" us
on Facebook, or follow us on Twitter at @DoctorBilling.
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SOURCE AdvantEdge Healthcare Solutions