Precyse Receives the Highest Scores of Providers’ Perception for Meeting Coding Needs in KLAS CAC Report
Wayne, PA and Alpharetta, GA Jun 1, 2012 – Precyse, a leader in Health Information Management (HIM) technology and services, announces that it has received the highest scores for provider perception that its precyseCode™ computer assisted coding (CAC) solution will meet their needs. In a KLAS report titled “Computer-Assisted Coding: A Glimpse at the Future of HIM Technology,” Precyse was “praised for [its] strong technology and … received the highest scores of providers’ perception that their solution will meet their needs,” wrote Graham Triggs, author of the KLAS report. “These providers have liked what they have seen compared to competing vendors.”
According to the KLAS perception report, a Precyse client said, “We chose Precyse because we wanted to help our coders be more efficient and enhance our productivity. We knew ICD-10 was going to create an even bigger deficit in their productivity. Precyse had a nice way of showing us the difference between ICD-9 and ICD-10 so we could know what documentation we might be missing for ICD-10.”
The ICD-10 implementation deadline has been pushed back to a proposed date of Oct. 1, 2014, but many providers are still looking seriously at purchasing inpatient CAC solutions within the next two years; 33% of providers who don‟t currently have a CAC solution plan to buy one in 2012, and another 15% are considering a CAC purchase in 2013. Providers understand that solutions aimed at improving clinical documentation and coding will lead to productivity improvements and enhanced reimbursement. They are not waiting, despite the delay.
“While ICD-10 readiness, increased productivity and improved efficiency are major forces behind the interest in CAC, Precyse believes providers should also focus on the clinical and quality implications of CAC,” said Chris Powell, president of Precyse. “Precyse’s CAC has solid science behind it, with a well-designed Natural Language Comprehension™ (NLC) engine and supporting applications to effectively support the ICD-10 transition. Precyse also has a large group of experienced coding and clinical documentation improvement (CDI) professionals to support CAC and CDI during the ICD-10 transition.”
PrecyseCode offers the combination of NLC-enabled computer assisted coding with intelligent workflow for clinical documentation improvement and coding. PrecyseCode provides a single, comprehensive platform that unifies the clinical documentation improvement workflow to optimize coding processes. This combination is the single best solution for providers as they face the imminent challenges on the horizon for the healthcare industry.
The Baptist Health System (BHS), which includes four hospitals in the greater Birmingham, Alabama area, saw immediate improvements when it began working with Precyse’s expert resources and implemented precyseCode. BHS experienced a 20% increase in coding quality, 5% increase in DRG based revenue through more accurate coding and improved Case Mix Index (CMI), 10% reduction in voluntary auditing and an overall reduction in audit costs, coder productivity improvement, and a revenue increase due to better information and more accurate coding.
“Not only were we pleased with Precyse’s team of experts, but we’ve also found their technology solutions to be instrumental to our coding department. Using PrecyseCode, we’ve seen a significant improvement in our coding department’s quality, productivity and accuracy,” said Chloe Phillips, corporate director of HIM, BHS. “They are, truly, a partner for life.”
Geisinger Health System (GHS) of Danville, PA, is also seeing positive results from precyseCode. “We’ve already seen 20% increases in coder productivity with precyseCode, and we expect that figure to climb as high as 50% as the system ‘learns’ from its earlier coding assignments,” said Sue Trewhella, senior director of coding for GHS.
“We made the decision to partner with Precyse because we shared in their vision about how Natural Language Comprehension could be applied to computer assisted coding technology to significantly accelerate the revenue cycle,” said Barbara Tapscott, vice president, revenue cycle for GHS. “Though we are still early on in our implementation of precyseCode, the results we are achieving thus far are already validating our combined vision. I have no doubt the improvement will continue and we will be well prepared for ICD-10 and other challenges on the horizon.”