ATLANTA, May 24, 2012 /PRNewswire/ -- Ingenious Med, leader in innovative products for inpatient physician management and automated revenue capture, is pleased to announce the release of MasterCoder 2.0, a physician coding application that increases accuracy of documentation of patient charges and ensures coding compliance. MasterCoder essentially walks physicians through the coding process and assists them in selecting the correct level of charge in conjunction with their patient documentation.
The Tax Relief and Health Care Act of 2006 made permanent the Medicare Recovery Audit Contractor (RAC) program to identify improper Medicare payments. Many hospitals and medical practices have found themselves unprepared for such an audit and the resulting government penalties for discrepancies in documentation accuracy — both undercoding and overcoding — between the physician and hospital claims. MasterCoder 2.0's user-friendly yet sophisticated technology ensures selection of the correct codes at point-of-care, which, in turn, provides billing departments with more accurate patient charge documentation, thereby reducing the likelihood of discrepancies that could result in audit penalties.
Designed by physicians with input from medical coders, MasterCoder 2.0 builds upon the already-successful MasterCoder 1.0. The new version is easily embedded into the physician's daily workflow and its thorough integration into the charge capture process decreases the possibility of improper coding when used at the point-of-care.
"One of the main focuses of the MasterCoder 2.0 design was to make it even easier for physicians to correctly code their documentation. We've basically extended the coder's reach to the actual point-of-care where they've traditionally had difficulty providing real-time coding feedback to physicians," states Steve Liu, M.D., founder and executive chairman of Ingenious Med. "As a result, when healthcare organizations perform self-audits, they'll see an improvement in documentation and increased coding compliance."
MasterCoder 2.0 benefits and features:
For more information about this and Ingenious Med's other revolutionary products, visit www.ingeniousmed.com or call 678.486.4219
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 physicians. Ingenious Med automates the revenue and charge capture processes for more than 15,000 users in the nation's leading healthcare facilities. Ingenious Med's Inpatient Physician Management Platform is the nation's largest charge capture and physician performance solution in the healthcare industry today. The 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, go to www.ingeniousmed.com
SOURCE Ingenious Med