As incentives and penalties ramp up over the next couple of years, more medical groups will be obligated to focus on PQRS.
Atlanta, GA (PRWEB) June 11, 2013
Ingenious Med, the nation’s largest multispecialty charge capture and physician rounding platform, has announced clients using its Physician Quality Reporting System (PQRS) registry had a 100-percent reimbursement rate in 2012.
This is the third consecutive year Ingenious Med’s PQRS clients had a perfect reimbursement rate from the Centers for Medicare & Medicaid Services (CMS).
“We are very proud to once again show that every one of our clients using our PQRS registry received reimbursement from CMS,” said Steven Liu, M.D., executive chairman and founder of Ingenious Med. “Not only are we excited to provide added value for our clients, we’re also proud of the large role we’ve played in this government drive for quality and data.”
Ranked among the top-10 registries by volume in 2012, Ingenious Med has one of the largest PQRS registries in the country. Moreover, Ingenious Med PQRS registry participants consistently beat the national averages in success rate, reporting rate, and performance rate.
“As incentives and penalties ramp up over the next couple of years, more medical groups will be obligated to focus on PQRS,” Liu said. “Not participating in PQRS this year means groups will be actively losing money due to the new rules.”
In addition to the perfect reimbursement rate, Ingenious Med Quality Reporting users tend to have a higher quality rating than the national average, according to 2011 CMS statistics.
“The landscape of healthcare is changing,” Liu said. “But the record speaks for itself. We’ve earned a reputation for offering innovative solutions for complex issues, and we’re excited to continue down that road to ensure our clients’ practices are successful, whatever may come their way.”
About Ingenious Med
Founded in 1999 by a group of practicing physicians, Ingenious Med is an award-winning platform that automates the activities of inpatient and outpatient physicians. Ingenious Med automates the revenue and charge capture processes for more than 25,000 users in the nation’s leading healthcare facilities. Ingenious Med’s physician rounding platform is the nation’s largest multispecialty charge capture and physician performance solution in the healthcare industry today. The mobile and cloud-based, charge capture and analytics platform provides real-time data that helps hospital systems and physician groups improve physician productivity and efficiency, enhance quality of care, maximize revenue, increase billing accuracy, and ensure compliance. For more information, visit http://www.ingeniousmed.com or call 404-815-0862.