These folks are not doing anything that everyone else in healthcare is doing but since the press release came out today they can be the example of where tons of money goes in Health IT and the question always arises about the ROI on buying more software and algorithms. Should it today be just another core option in a total package, me thinks yes as all the add ons end up going cha ching cha ching with every new querying algorithmic process that gets created.
I guess in writing this blog I have seen a few very similar to this with a dashboard and all kinds of reports available which is becoming pretty much standard practice today. From the other side of the coin how do you keep systems affordable and how much time does the physician or office manager really have time to delve into this? On the peer activity, there might be some isolated cases to where one might want to know what a peer MD makes but it’s not something one is going to need daily. The company also has other software services it sells and when all the various pieces come together with aggregators that make them talk, and I’m not even talking an HIE yet, along comes the big expenditures that add up for all of this. Thus, I hope some folks begin to collaborate soon as the cost is going out the affordability zone soon. BD
“HOW MUCH IS THAT ALGORITHM IN THE WINDW <GRIN>”
DALLAS--(BUSINESS WIRE)--RemitDATA Inc., an expert in reimbursement, productivity and utilization solutions in outpatient healthcare, today launched TITAN, a new, data-rich solution that provides a real-time, transparent view of essential business metrics. With a level of insight only available previously to payers, Medicare and regulators, now physicians and practices have the ability to identify and correct revenue cycle and performance issues like never before.
“RemitDATA is leveling the industry playing field with TITAN by enlightening healthcare practitioners with data analysis that simply wasn’t available to them”
TITAN, a first-of-its-kind, SaaS solution provides straight-forward, real-time comparative analysis of ANSI 835 electronic remittance notices for benchmarking against regional peer practices, based on specialty and geography. The technology delivers crucial information to help refine day-to-day processes that reduce denial rates, accelerate cash flow, increase administrative efficiencies and anticipate audits. Allscripts, Dell, Doc-tor.com, LeonardoMD, MedEvolve, NextGen Healthcare and Post-N-Track are among the first adopters to offer TITAN to their customers through the RemitPARTNER program.