Plano, TX and Pleasanton, CA Jan 10, 2014 – GAFFEY Healthcare is excited to announce the latest release of its professional billing platform, GAFFEY Professional v 3.9.
Hospitals with affiliated physician practices, physician groups and other professional providers continue to lose revenue at an alarming rate. This is due to the low focus hospitals put toward 1500 billing as well as a lack of sophistication and insufficient capabilities of most physician billing systems. The problem of revenue attrition is only exacerbated by the industry’s drive towards hospitals accelerated acquisition of physician practices, making the need for better systems even more pressing.
With the release of Professional v 3.9, GAFFEY Healthcare now allows hospitals that provide professional healthcare services to have a centrally and comprehensively managed physician billing function for collecting all associated revenue with equal attention and enhanced workflow, editing & reporting capabilities. Also featured in the release is automation technology for claims statusing and automated Coordination of Benefits secondary billing of professional claims.
“The product release and integration come from our commitment to revenue cycle automation and consistently meet the evolving needs of our customers. As the healthcare industry continues on its trend of consolidation, these latest developments build upon an already powerful claims management platform to accommodate our client hospitals billing both professionally and institutionally,” said GAFFEY Healthcare CEO, Derek Morkel.
The integration within GAFFEY Claims Management and within the hospitals’ billing process enables the same level of GAFFEY EDI expertise to achieve high levels of efficiency and the country’s highest claims acceptance rates for both institutional and professional claims.
Tag: HealthTech
HealthTech Solutions Group announces new name and brand strategy – GAFFEY Healthcare.
Plano, TX and Pleasanton, CA Oct 31, 2013 – HealthTech Solutions Group (HTSG), a leading cloud-based revenue cycle management software business, has announced that it will operate under the new name, GAFFEY Healthcare, effective November 5, 2013. After the acquisition of GAFFEY in July of 2013 and the successful integration of GAFFEY’s products and services, the combined business offers a unique and comprehensive Revenue Cycle solution focused on utilizing technology to drive unprecedented financial results for healthcare providers.
On August 1, 2013, HealthTech Solutions Group announced its acquisition of GAFFEY, a pioneer in the eligibility and billing segments of the hospital revenue cycle software industry. The move was backed by HTSG’s private equity sponsor, Altaris Capital Partners, a New York-based private equity firm focused exclusively in the healthcare industry.
“The new company name – ‘GAFFEY Healthcare. Technology. Results. is a reflection of the successful unification of our respective staff and product suites as well as a reaffirmation of our mission – to drive positive financial results for our customers. We chose the GAFFEY Healthcare name due to their industry brand recognition as well as their strong reputation built over 26+ years in the business,” said Derek Morkel, CEO of GAFFEY Healthcare.
HealthTech Solutions Group® acquires billing and claims management software company GAFFEY™
Plano, TX and Pleasanton, CA July 31, 2013 – HealthTech Solutions Group, a leading cloud-based revenue cycle management software business serving more than 150 hospitals and $10 Billion in net patient revenue, announced the acquisition of GAFFEY™, a pioneer in the eligibility and billing segments of the hospital revenue cycle software industry.
The combination of HealthTech and GAFFEY™ creates an end-to-end revenue cycle software company dedicated to optimizing revenue capture and collection efficiency. The combined business offers hospitals and healthcare providers a unique and robust set of software tools that span the revenue cycle, including:
• Best-in-class technology-based solutions for: Patient Eligibility, Billing/Claims Management, Denial Management, Contract Calculation, Follow-up and Collections, Workflow Automation, and Business Intelligence
• Services and BPO Solutions for: Collections, Revenue Recovery Solutions, Billing Bridge Routine Consulting, and Best Practices Management
The acquisition is backed by HealthTech’s private equity sponsor, Altaris Capital Partners, a New York-based private equity firm focused exclusively in the healthcare industry.
“We are thrilled about becoming part of HealthTech and to be joining the Altaris portfolio of companies”, said HunMi Pak, CEO of GAFFEY™ and President of the combined business. “Their breadth of experience in building successful technology companies coupled with the deep domain expertise of the Altaris and HealthTech teams, provides GAFFEY™ with vast resources to draw upon as we embark on the next chapter of growth of our software and solutions to our customers.”
Derek Morkel, HealthTech’s CEO commented on the acquisition, “We are extremely excited about the addition of GAFFEY™’s team and customers to HealthTech. The combination creates an end-to-end and seamlessly integrated set of SaaS-based revenue cycle software & workflow technologies. Our customers routinely are requesting solutions that reduce the number of vendors and provide a single workflow platform for their entire revenue cycle. The combination of GAFFEY™’s claims management software suite with HealthTech’s workflow and automation tools will provide our customers with an even more compelling ROI.”
HTSG™ Announces Release of Dedicated Denial Management & RAC Tracking Platform – HTSG AlphaCollector DenialGenie™
Plano, TX Jun 27, 2013 – The DenialGenie includes tracking and reporting modules and workflow that ensures that all rejects and denials are immediately prioritized and worked by the appropriate person.
HTSG™ announces the extension of its industry leading collections management platform to improve the productivity of working more complicated claims. Along with cloud-based collection tools, the DenialGenie includes tracking and reporting modules and workflow that ensures that all rejects and denials are immediately prioritized and worked by the appropriate person.
HTSG™ suite of products, including HTSG AutoStatus™ (claims statusing), enables users to identify denials and potential denials almost immediately – this greatly increases the ability of a business office to collect on these accounts.
Derek Morkel, CEO of HTSG™, commented on the release: “We are extremely excited at the release of this dedicated platform. With over $10 billion of revenue being collected on our AlphaCollector platform we are continually working to create new tools to improve the productivity of our clients. The DenialGenie application leverages the power of our workflow technology to dramatically increase the productivity in this area.”
HTSG AlphaCollector DenialGenie™ includes the added management and Business Intelligence tools of our virtual CBO Platform, HTSG AlphaCollector™, where in-depth reports can be provided to management and staff can successfully manage denial claims and work them accordingly.
HTSG™ Announces Release of Dedicated Denial Management & RAC Tracking Platform – HTSG AlphaCollector DenialGenie™
Plano, TX Jun 27, 2013 – The DenialGenie includes tracking and reporting modules and workflow that ensures that all rejects and denials are immediately prioritized and worked by the appropriate person.
HTSG™ announces the extension of its industry leading collections management platform to improve the productivity of working more complicated claims. Along with cloud-based collection tools, the DenialGenie includes tracking and reporting modules and workflow that ensures that all rejects and denials are immediately prioritized and worked by the appropriate person.
HTSG™ suite of products, including HTSG AutoStatus™ (claims statusing), enables users to identify denials and potential denials almost immediately – this greatly increases the ability of a business office to collect on these accounts.
Derek Morkel, CEO of HTSG™, commented on the release: “We are extremely excited at the release of this dedicated platform. With over $10 billion of revenue being collected on our AlphaCollector platform we are continually working to create new tools to improve the productivity of our clients. The DenialGenie application leverages the power of our workflow technology to dramatically increase the productivity in this area.”
HTSG AlphaCollector DenialGenie™ includes the added management and Business Intelligence tools of our virtual CBO Platform, HTSG AlphaCollector™, where in-depth reports can be provided to management and staff can successfully manage denial claims and work them accordingly.
HealthTech Solutions Group® Promotes Brian Montfort to Vice President of Software Development
Plano, TX Jul 20, 2012 – Brian Montfort has been promoted to vice president of software development at HealthTech Solutions Group®, a leading provider of cloud-based revenue cycle management solutions.
“Brian’s expertise has been instrumental in the development and expansion of our breakthrough, cloud-based receivables management platform, myCLAIMIQ AlphaCollector™,” said Derek Morkel, chief executive officer at HealthTech. “His knowledge and experience will continue to lead our talented team of technology professionals while supporting our company vision.”
Since joining HealthTech Solutions Group in 2010, Montfort had held the position of senior software engineer, focusing on the development of new revenue cycle software solutions. He also was responsible for providing implementation and technical guidance to hospitals accessing the company’s proprietary software.
“The incredible reception that we have had to myCLAIMIQ AlphaCollector™ and the exciting pipeline of new software developments is a direct result of the work from Brian and his team,” said Morkel. “We are extremely excited at the possibilities as we extend the functionality of our integrated, cloud-based platform to new areas of the revenue cycle.”
HealthTech Teams with Allscripts to Connect Physicians and Hospitals
Franklin, TN Apr 13, 2012 – HealthTech, LLC today announced an agreement with Allscripts to become an authorized reseller of Allscripts MyWay physician Electronic Health Record (EHR) and practice management software.
The value-added agreement provides additional growth opportunities for both companies as it represents an important addition to HealthTech’s well-established revenue cycle, technology and hospital management services. Allscripts MyWay is an ONC-ATCB certified EHR with integrated practice management and claims management that helps independent and small physician practices improve the quality, safety and efficiency of their patient services. Physicians who adopt an ONC-ATCB certified EHR and demonstrate its “meaningful use” can qualify for between $44,000 and $64,000 in payments under the American Recovery and Reinvestment Act (ARRA).
“We are very excited to expand our relationship with Allscripts to become a value-added partner for their MyWay physician EHR system,” said Derek Morkel, CEO of HealthTech. “HealthTech has a long history of helping community hospitals across the United States improve their operational, clinical and margin management expertise. Over the past several years, we have expanded our portfolio to include technology and revenue cycle products and services. We see this agreement with the leading EHR company as a great addition as we help our hospitals navigate the technological transformation that our industry is facing. HealthTech will now be able to assist rural and community hospitals and their associated physician groups attain meaningful use in a cost effective and efficient manner.”
Designed specifically to meet the needs of small physician practices, the Allscripts MyWay EHR is available via Software as a Service (SaaS) over the Internet or as an on-premise application installed on a server. The web-based SaaS approach provides additional flexibility by enabling physician practices to avoid many upfront and ongoing expenses tied to equipment, IT personnel and operations.
“To qualify for the maximum amount of federal incentives under ARRA, physicians must have an electronic health record in place and must be using it in their everyday practice as soon as possible,” said Kelley Schudy, Vice President of Channel for AllScripts. “We are pleased to team with HealthTech in helping hospitals provide their affiliated and independent physicians with a practical, cost-effective EHR and practice management solution from a trusted partner.”
HealthTech Teams with Allscripts to Connect Physicians and Hospitals
Franklin, TN Apr 13, 2011 — HealthTech, LLC today announced an agreement with Allscripts to become an authorized reseller of Allscripts MyWay physician Electronic Health Record (EHR) and practice management software.
The value-added agreement provides additional growth opportunities for both companies as it represents an important addition to HealthTech’s well-established revenue cycle, technology and hospital management services. Allscripts MyWay is an ONC-ATCB certified EHR with integrated practice management and claims management that helps independent and small physician practices improve the quality, safety and efficiency of their patient services. Physicians who adopt an ONC-ATCB certified EHR and demonstrate its “meaningful use” can qualify for between $44,000 and $64,000 in payments under the American Recovery and Reinvestment Act (ARRA).
“We are very excited to expand our relationship with Allscripts to become a value-added partner for their MyWay physician EHR system,” said Derek Morkel, CEO of HealthTech. “HealthTech has a long history of helping community hospitals across the United States improve their operational, clinical and margin management expertise. Over the past several years, we have expanded our portfolio to include technology and revenue cycle products and services. We see this agreement with the leading EHR company as a great addition as we help our hospitals navigate the technological transformation that our industry is facing. HealthTech will now be able to assist rural and community hospitals and their associated physician groups attain meaningful use in a cost effective and efficient manner.”
Designed specifically to meet the needs of small physician practices, the Allscripts MyWay EHR is available via Software as a Service (SaaS) over the Internet or as an on-premise application installed on a server. The web-based SaaS approach provides additional flexibility by enabling physician practices to avoid many upfront and ongoing expenses tied to equipment, IT personnel and operations.
“To qualify for the maximum amount of federal incentives under ARRA, physicians must have an electronic health record in place and must be using it in their everyday practice as soon as possible,” said Kelley Schudy, Vice President of Channel for AllScripts. “We are pleased to team with HealthTech in helping hospitals provide their affiliated and independent physicians with a practical, cost-effective EHR and practice management solution from a trusted partner.”
HealthTech to Participate in NRHA Rural Health Conference May 3-6
Franklin, TN Mar 3, 2011 — HealthTech will be a gold sponsor exhibitor at the upcoming National Rural Health Association (NRHA) Rural Health Conference in Austin, Texas this May.
During the conference attendees will have a chance to win an iPad 2 by visiting HealthTech’s exhibitor booth #300. To enter the drawing, you must be a participant of the conference and fill out an entry form at our booth. The drawing will be held before 2:30 p.m. on May 4.
HealthTech is a gold-level corporate partner with the NRHA which is an advocate for rural healthcare across the United States.
HealthTech Offers New Medicaid Retroactive Eligibility Service
Franklin, TN Jan 1, 2011 — HealthTech today announced it is offering Medicaid Retroactive Eligibility Services for hospitals that are challenged with reimbursement of healthcare services for self-pay patients.
HealthTech’s Eligibility Service provides a retroactive review of self-pay patients for Medicare or other third-party payment source through one of its data partners. If a patient has qualified to receive financial assistance during the same time frame, the hospital can resubmit claims for back payments.
“We are excited to offer this new service to our clients,” said Derek Morkel, HealthTech CEO and President. “It can be very beneficial especially since there is a growing number of self-pay patients visiting community hospitals every year. It is another way we can help hospitals improve their revenue cycle and overall financial stability.”