Provident Consulting CEO Featured in Finance Monthly

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Provident Consulting, a leading Healthcare Clinical and Financial Performance Improvement firm, is honored to announce that Michael Dougherty, CEO, is featured in the June issue of Finance Monthly.

Provident Consulting, a leading Healthcare Clinical and Financial Performance Improvement firm, announced that CEO, Michael Dougherty, was featured in the June 2015 issue of Finance Monthly in the section titled Spotlight on Healthcare. Finance Monthly is a global publication that regularly interviews CEOs and other high-level leaders. The article discusses the roll out of Provident and its suite of Technology-Enabled Clinical Solutions ™.

In the article, Dougherty discusses factors that he sees driving the healthcare market today. Specifically, he discusses the reality every healthcare organization confronts; pay for volume will be replaced by pay for quality and clinical documentation will be the key driver of reimbursement for hospitals systems and providers. At the same time, there will be an historic increase in the Medicare and Medicaid populations in a period of significantly constrained public finances. He notes that by 2030, every Baby Boomer will be in Medicare with beneficiaries increasing to 80 million from 54 million today.

In the article Dougherty describes DocEdge™ Communicator, one of the technology solutions Provident built to help clients thrive in the future of healthcare. DocEdge™ Communicator drives integrity and clinical performance improvement into medical records through enhanced, compliant, communication between physicians and care team members (e.g. Nurses, Physician Advisors, Case Managers, Clinical Documentation Specialists, etc.) leading to:

  •     Accelerated cash flow through accelerated reimbursement and reduced denials
  •     Reduction in Length of Stay (LOS) and Case Mix Index (CMI)
  •     Less administrative burden on physician, reduced errors, increased time with patients
  •     Greater compliance with clinical documentation being entered directly into the medical record (can interface with any EHR system)
  •     Increase in the quality of the patient experience through coordinated care

Staying up to date with key issues and leading clients through change cycles requires a strong team. The team at Provident is made up of physicians, healthcare attorneys, nurses, clinical documentation specialists, clinical auditors and coders, and healthcare technologists. Provident team brings continuous improvement to healthcare through its management consulting and suite of technology-enabled clinical solutions which are focused on the integrity of the clinical record to support quality patient care, manage compliance with law and regulation, secure appropriate reimbursement and give healthcare leaders actionable clinical data to drive success.

In response to a question from Finance Monthly regarding future plans, Dougherty said he plans to: “Deliver and stay close to clients and help them as they navigate a very difficult course to clinical excellence and financial stability in the years ahead.”

To read the entire article, visit: http://finance-monthly.com/magazines/FM0615/#page=51

About Provident Consulting
Provident Consulting is a leader in Healthcare Management and Compliance Solutions. We understand the diverse risks our healthcare clients face. Our proven solutions, expertise and specialized tools transcend traditional strategies and assumptions and focus on regulatory, operational and financial optimization to help clients thrive in the future of healthcare.

Provident’s solutions are focused on the integrity of the clinical record to support quality patient care, manage compliance with law and regulation, secure appropriate reimbursement, and give healthcare leaders actionable clinical data to drive success.

Visit us on the web at: http://www.providentedge.com/

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Michael Dougherty
@providentedge
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