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Thomson Reuters and Ingenious Med Improve Inpatient Billing Efficiency for Hospitals and Physician Practices
Feb 16, 2010 (03:02 PM EST)
ANN ARBOR, Mich., Feb. 16 /PRNewswire/ -- Thomson Reuters and Ingenious Med, Inc. have combined their clinical workflow offerings into a unified billing solution for hospitals and physician practices.
The solution will help hospital clinicians improve inpatient billing efficiency and accuracy — so they capture all appropriate charges for the treatment they provide.
The solution weds Clinical Xpert™ Navigator from Thomson Reuters and IM Practice Manager from Ingenious Med. Navigator, a KLAS Category Leader for eight consecutive years, provides comprehensive patient data to clinicians via mobile devices and a web portal. It aggregates data from across the hospital information system to give clinicians real-time access to patient information such as demographics, laboratory reports, medications, radiology results, transcribed reports and more.
IM Practice Manager is built upon Ingenious Med's Charge Capture and Coding Suite, which helps physicians capture a larger number of charges, decrease denials, improve collections per encounter, and improve denial reimbursements.
With this combined solution, clinicians can monitor their patient's clinical data from a single desktop view using Navigator and, with single-sign-on capability, launch directly from Navigator into IM Practice Manager. All relevant patient information in Navigator is automatically pre-populated in IM Practice Manager to avoid duplicate or incorrect data entry. This allows clinicians to quickly record procedure and diagnosis codes and automatically transmit billing data to a physician practice.
"This collaboration allows users to access a more comprehensive solution by combining Ingenious Med's successful charge capture solution with Thomson Reuter's clinical application," said Hart Williford, CEO of Ingenious Med. "Users will be able to access both vital products in one seamless solution addressing business and clinical needs."
"The combination of Clinical Xpert Navigator and IM Practice Manager will help hospitals improve their ability to document all charges for the treatment they provide," said Thomas Hegelund, executive vice president for the Healthcare & Science business of Thomson Reuters. "Through our partnership with Ingenious Med this solution will help hospitals improve revenue capture and cycle time at a time when many need it most."
Thomson Reuters is the world's leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, healthcare and science and media markets, powered by the world's most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people and operates in over 100 countries. Thomson Reuters shares are listed on the Toronto Stock Exchange (TSX: TRI) and New York Stock Exchange (NYSE: TRI). For more information, go to www.thomsonreuters.com.
Ingenious Med, Inc.
Founded in 1999 by a group of practicing physicians, Ingenious Med is an industry-leading 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 6000 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 404.815.0862.
SOURCE Thomson Reuters