AdvantEdge Healthcare Solutions’ New InfoEdgeBI Makes Data the Cure for Medical Practices
InfoEdgeBISM’s flexibility and customized reports help practices and hospitals drill down into billing trends, potential pitfalls, and performance metrics
WARREN, N.J.—Oct. 5, 2012—AdvantEdge Healthcare Solutions, one of the nation’s leading providers of medical billing, practice management, and coding services, has released its new InfoEdgeBISM platform. Building on the success of the InfoEdgeSM Dashboard, InfoEdgeBI gives medical practices and hospitals more in-depth insight into their medical billing and coding information. Custom reports and deep drill down capabilities allow users to view specific, detailed areas of interest at the procedural level with simple point and click navigation. As with the InfoEdge Dashboard, InfoEdgeBI also provides users with their own customized set of standard reports, such as physician productivity, practice financial performance, payor trends, and more.
For several years, clients have used the InfoEdge Dashboard to provide online, graphical displays of current results and scheduled and ad-hoc reports, including comprehensive information for current charges, cash receipts, adjustments, and accounts receivable (A/R). InfoEdgeBI features the same comprehensive data, but now clients can dissect and display that information in any way they like—e.g. by payor, location, physician, or business unit—to examine productivity and quality metrics as well as track trends and details for specific procedures.
The flexibility of the new platform enables AdvantEdge’s clients to design their own custom reports based on their practice’s specific priorities. For example, users can generate reports comparing the current month’s results to any previous month or year, examine cash postings to ensure all checks have arrived, or analyze A/R trends for the top payors.
“Under continuing economic pressure, healthcare practices and institutions need actionable data to make effective business decisions and better understand the economic impact of various patient, payor, and clinical trends,” said David Langsam, CEO at AdvantEdge Healthcare Solutions. “Our commitment to all of our clients is total transparency—anytime, anywhere access to insightful data that enables them to manage their practice and measure our performance. InfoEdgeBI offers our clients greater control, improved usability, and deeper insight into their medical billing and coding, clinical activity, and physician productivity, as well as the ability to share data with colleagues and advisors. Practices and hospitals now have a more powerful tool to examine their performance, uncover trends, anticipate issues, and build a stronger future.”
Today medical practices face new payment models and more complex arrangements with the payor and patient community, which challenge physicians to expand their traditional channels of information. InfoEdgeBI gives every practice and hospital the ability to tie quality and other performance metrics to various payment models. This is but one example of how InfoEdgeBI helps AdvantEdge clients respond to these challenges.
AdvantEdge Healthcare Solutions will offer clients a first look at the new features and functionality of InfoEdgeBI at the RBMA Fall Education Conference on October 7- 9 in Chandler, Ariz.; the ACEP Scientific Assembly on October 8-10 in Denver, Colo.; and the ASA Annual Meeting on October 13-15 in Washington, D.C. For more information on the company’s events, please visit https://ahsrcm.com/about/events/.
About AdvantEdge Healthcare Solutions (AHS)
AHS is a technology-enabled provider of revenue cycle management services, informatics, and expertise which enable healthcare providers to maximize financial performance and eliminate compliance risks. AHS has over 500 employees in 8 operating centers and collects nearly $1 billion for its physician clients using its own proven technology. In an industry with over 1,000 companies, AHS is recognized as one of the top 10 medical billing, coding, and practice management companies in the nation. AHS clients include hospital-based physicians, hospitals, ambulatory surgery centers, and large office-based groups. AHS is an IBM Business Partner for physician billing solutions. For more information about AHS, please visit our website at www.ahsrcm.com, Like Us on Facebook (www.facebook.com/AdvantEdgeHealthcareSolutions) or Follow Us Twitter @DoctorBilling.