ATLANTA, August 17, 2010 – Ingenious Med has completed an extensive vetting process by Centers for Medicare & Medicaid Services (CMS) to achieve official status as a 2010 Physician Quality Reporting Initiative (PQRI) Registry, the company announced Tuesday.
The process involved verification of Ingenious Med’s expertise in measure implementation, validation of processing of physician responses and confirmation in the ability to submit performance data in accordance with established CMS guidelines.
Depending on each practice, reimbursement for participation can typically be in the range of $1,000-$2,000 per FTE. With the ease of use the Ingenious Med quality tool provides, very little effort is required to become eligible for these reimbursements.
“The PQRI program is here to stay for the foreseeable future and will continue to evolve and grow as Value Based Purchasing gains traction in the healthcare field,” Steven Liu, Ingenious Med founder and Chairman said. “Ingenious Med allows physicians to gain experience with PQRI while the program is still voluntary, which is instrumental in avoiding considerable revenue loss once the program becomes mandatory and practices ultimately are penalized for non-participation.”
Ingenious Med has been facilitating successful PQRI participation since the inception of the program in 2007. Now, as a registry, Ingenious Med can submit performance data directly to CMS, bypassing the claims-based system, an often complicated process which utilizes CPT II codes, information and expertise from a billing company or back office. In addition to creating a smoother submission process, registry-based reporting yields more than a 90 percent success rate, while claims-based may yield only forty percent.
Activation of the Ingenious Med quality tool greatly simplifies PQRI participation. Users select the measures they wish to report and the system will analyze each billing scenario in real-time and at the point-of-care. Additionally, physicians are prompted with educational feedback, documentation advice and quality measures questionnaires when appropriate. The Ingenious Med quality tool is designed to ensure each physician’s reporting rate is 100 percent on every active measure triggered.
About Ingenious Med, Inc.
Founded in 1999 by a group of practicing physicians, Ingenious Med is an award-winning mobile platform that automates the activities of physicians when they are away from their office, whether they are rounding at a hospital, an outpatient clinic, a nursing home or even at home. Ingenious Med automates the revenue and charge capture processes for over 6,000 users in more than 500 healthcare facilities across the United States.
Ingenious Med’s all-inclusive software solution, IM Practice Manager, is a handheld and Internet-based application that enables physicians to capture charges, enhance documentation, coding and compliance, improve quality of care, increase revenue and communicate digitally. In addition, the program aggregates management data separately from the hospital information system, so individual physician and total department performance can be accurately evaluated. For more information, visit www.ingeniousmed.com or call 404.815.0826