Las Vegas, NV Feb. 20, 2012 — Precyse, a leader in health information management (HIM) services and technologies, announced that more than 1,000 facilities are now using Precyse University for comprehensive ICD-9 and ICD-10 education programs. The growing roster of clients are preparing their coders, billers, physicians, nurses, case managers, administrative staff, and other impacted populations for the transition to ICD-10. Leveraging Precyse University these providers are also able to focus on courses and educational applications equally applicable for ICD-9, supporting better clinical documentation and improved coding today.
“Precyse has put a lot of time and energy into looking at our coding process and our coding staff from a quality perspective,” said Sandy Wood, Director of Revenue Cycle, Naples Community Healthcare System. “With the training they are providing, we are confident that we will be prepared to meet the challenges that arise when ICD-10 goes into effect.”
To mitigate the anticipated workflow challenges of ICD-10, Precyse University students are educated on the foundation and guidelines of the new system, as well as the necessary medical terminology and anatomy and physiology that ICD-10 requires to assign very specific diagnosis and procedure codes for medical services. In preparation for this change, Precyse University courses are built to improve the basic skills of coders in ICD-9 areas that will also be required in ICD-10. Precyse has found that additional training needs related to anatomy, physiology, and pathopharmacology, as well as opportunities to improve the understanding of coding system logic and principles, are beneficial regardless of the coding system in use. Precyse achieves this through unique, innovative applications created to provide learners the opportunity to practice applying their knowledge in practical and interactive ways. Some of these applications include labs, simulators, computer animations, video games, as well as other valuable resources facilitating competency today in ICD-9, while preparing for the transition to ICD-10.
In June 2011, Precyse and HealthStream (NASDAQ: HSTM), a leading provider of learning and research solutions for the healthcare industry, formed a partnership to deliver Precyse University, a comprehensive ICD-10 education program for healthcare providers, through HealthStream’s learning platform, the HealthStream Learning Center®. (HIMSS Booth #1376)
“Healthstream Learning Center delivers the Precyse University program to all required learners, whatever their role and wherever in the enterprise they work, in whatever manner they best can learn,” said Mollie Condra, Associate Vice President, HealthStream. “Together, our solutions are helping people adapt to a bewildering amount of changes in healthcare systems, procedures, and workflow—providing in-depth training to medical billing and coding personnel, educating
Precyse University™ Education Preparing More than 1,000 Facilities Page 2 of 2
doctors and nurses who have limited time, and explaining to diverse healthcare populations how ICD-10 will touch their work lives.”
“We are pleased to educate Precyse University students from widely respected, forward-thinking healthcare organizations who see beyond billing accuracy and recognize the opportunity that vastly more—and more precise—data ultimately brings to healthcare,” said Chris Powell, president, Precyse. “HealthStream is the mostly widely used hospital learning platform. Hospitals are moving quickly to Precyse University because we bring together in one program our unique combination of experience in medical coding, healthcare information management, and learning delivery.”
More than 1,000 hospitals are now committed to Precyse University education. Equipped with more than 300 coders and hundreds of HIM and clinical professionals on staff, Precyse has a track record of developing tried and true educational content to keep its team of experts consistently meeting or exceeding industry accuracy and timeliness benchmarking standards. Precyse has used this same approach for building its ICD-9 and ICD-10 education content. The Precyse ICD-10 education content is available online through Precyse University or the HealthStream Learning Center®.
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Precyse Open Letter on the Proposed ICD-10 Delay—Should providers move forward with planned ICD-10 implementation roadmaps?
Las Vegas, NV Feb. 20, 2012 — Precyse, a leader in health information management (HIM) technologies and services, leading up to the HIMSS 2012 Annual Conference and Exposition, released the following open letter from Chris Powell, president of Precyse, to all healthcare colleagues regarding the proposed ICD-10 delay. The open letter, answering a critical question at this hour: “Should we move forward with our planned ICD-10 implementation roadmaps?” is available below and in hardcopy at the Precyse HIMSS Booth. HIMSS attendees are encouraged to visit Precyse at Booth #8116 to continue the ICD-10 conversation.
Healthcare Colleagues,
Over the past few days, all of us received the surprising news from Centers for Medicare and Medicaid Services (CMS) Acting Administrator Marilyn Tavenner and Health and Human Services Secretary Kathleen Sebelius about the intent to revisit the timeline for transitioning from ICD-9 to ICD-10. As always, we monitor CMS, American Medical Association, and American Health Information Management Association positions carefully so that we properly advise and meet the needs of nearly 1,000 clients who rely on our management, staffing and technology solutions.
Many clients are contacting us for guidance, given the likely delay for certain health care entities from October 2013 to a later deadline. Their key question is: Should we move forward with our planned ICD-10 implementation roadmaps? Because Precyse not only supports, but actually operates, entire HIM and coding departments for some of these same hospitals, here are our recommendations:
1. Documentation. Increase your clinical documentation training programs for physicians and other caregivers. You should develop processes, guidance and support for improved clinical documentation, either under ICD-9 or ICD-10. Improved documentation skills—even minor changes such as more specificity in their notes—create obvious financial and non-financial rewards: fewer claims denials, reduced RAC audit exposure, improved case mix index, and improved cash flows. Most important for all of us, patient care is improved when downstream clinicians can review more complete chart notes and better data is available for analytics and comparative studies. Target high volume specialties in your organization most impacted by ICD-10 and train these specialists in proper documentation while training the coding team on accurate coding; then, move to the next specialty for training.
2. Training and Development. Take this time to invest in the training of your coders AND those who will use the data. Improve the basic skills of your coders in ICD-9 areas that will also be required in ICD-10. The transition to ICD-10 has pushed healthcare to appropriately invest in training our coders as skilled knowledge workers. In 2010, as part of our own ICD-10 preparations, Precyse assessed the coding skills of nearly 300 coders on our staff to evaluate their ICD-10 readiness. We found additional training needs related to anatomy, physiology, and pathopharmacology, as well as opportunities to improve their understanding of coding system logic and principles. So Precyse invested in and developed a comprehensive and multifaceted training program that can be delivered via virtual webinars and our online Precyse University, while developing individual training plans for every coder. This investment has paid off for Precyse clients handsomely, yielding a better case mix index for hospitals, improved coding compliance audit results, increased coder retention, and attracting new coder recruits who are eager to develop and perfect their skills. So we recommend that you perform side-by-side ICD-9 and ICD-10 coding, assess the documentation and coding gaps and target training based on these findings.
3. Build a strong foundation for process improvement. Assess the flow of your information across your organization and develop a plan to address gaps through process improvement and technology. Invest in automated systems that streamline the entire clinical documentation process. ICD-10 was never just about re-training medical coders—it was and is about having better data about patients and their treatments, affording vast opportunities for improvement in how data are captured and processed. This leads to a more complete and useful set of codes, which is crucial in a fully automated electronic medical record environment. Today, inefficient, labor-intensive workflows abound, whether involving clinical information inputs such as dictation and transcription; service approvals, coding, physician queries, and other myriad facets involved in billing for services; or abstracting and analyzing quality indicators to improve patient care. We also recognize the promise of future innovations such as automated speech recognition, Computer Assisted Coding using Natural Language Comprehension™ (NLC), and clinical decision support tools—but know that realizing their full promise tomorrow requires that we improve how current users interact with and use their systems today. Those of us in the health care information management/information technology community must use our skills to innovate for clinicians. We must develop workflow platforms and applications that allow health care providers to do their jobs more efficiently and effectively. We do not want to add more time and complexity to an already burdensome process.
At Precyse, our vision is a world in which meaningful information is available, whenever and wherever needed, and this information helps save time, money and lives. We are an innovation company that listens carefully to our clients and prospects; every day we challenge ourselves to come back to these clients with solutions that solve their business problems while improving patient care and outcomes. None of this is changed by a potential change in the ICD-10 deadline. We still pledge to our clients and future prospects that we will never stop innovating in the midst of very challenging times.
Precyse Ranks 2nd in the 2011 Best in KLAS Software and Services Report
Wayne, Pa. and Alpharetta, Ga., Jan 19, 2012 — Precyse, a leader in Health Information Management (HIM) technology and services, announces that it has once again achieved high scores for its Transcription Services in the “2011 Best in KLAS Awards: Software & Services” report. Precyse received the second highest overall performance ranking with its score less than one tenth of one percent behind the first-place vendor.
Criteria used by KLAS to survey Precyse customers include services delivered as sold, money’s worth, quality of service staff, vendor executive involvement, lives up to expectations and real problem solving.
In 2010, Precyse earned KLAS’ highest scores for money’s worth and real problem resolution and tied with the highest score for report quality in the “Transcription Services: Competition, Technology, Consolidation” report. In 2009, Precyse Transcription Services received the second highest KLAS Medical Transcription Services Organization (MTSO) ranking and honors for on- time delivery and tied with the highest ranking for budget and cost in the “Transcription Services: Steady Demand in a Volatile Market” report.
Precyse is well recognized for its large remote workforce of high-quality and experienced medical transcriptionists that consistently produce documents with 98% accuracy or above. Precyse consistently delivers 99.9% uptime, helping physicians experience reliable dictation and document receipt. At the heart of Precyse Transcription is precyseNetTM, a single platform that supports both hospital-employed medical transcriptionists and editors and transcription outsourced to Precyse.
“Quality, turnaround times and response times are all stellar with Precyse as our Transcription partner,” said Nadine Polasko, Corporate Director for HIM at Valley Health Systems in Winchester, Virginia. “Transcription is a non-issue now that I have outsourced my six HIM Departments to Precyse.”
“In the midst of an industry that is faced with ever-increasing health information management pressures and costs, we focus on combining the most advanced technologies with top-notch experts to transform the patient narrative into meaningful health information, while allowing our clients to reach their financial and clinical goals,” said Precyse president Chris Powell. “I am thrilled to see the excellent scores for Precyse in the 2011 Best in KLAS Awards report, as well as the year over year consistency of our ranking as seen in the last three years; something no other transcription vendor can claim. I am very proud of our team’s day-to-day commitment to our clients. I see their dedication to our vision and mission, I believe it makes a difference in how we deliver outcomes and I am not surprised that our clients take the time to share this positive feedback with KLAS each year.”
“Since 1998, KLAS has been committed to helping healthcare providers make decisions based on candid peer feedback,” said Adam Gale, KLAS president. “Best in KLAS rankings mark those vendors who best keep their promises in their market segments for offering a combination of superior products, strong service and high customer value. We hope these ratings continue to help providers find transparency from their vendors in making purchasing decisions.”
KLAS is an independent-research company that conducts surveys of healthcare executives and professionals, the hospital and physician client base. Data referenced herein is taken from the December 2011, 2010 and 2009 “Best in KLAS Awards: Software & Services” reports. KLAS Enterprises, LLC. All rights reserved. www.KLASresearch.com.
Precyse Awarded Strategic Healthcare Information Management (HIM) Contract from Adena Health Systems
Wayne, PA and Alpharetta, GA Dec 20, 2011 — Precyse, a leader in health information management (HIM) technology and services, was awarded a five-year contract by Adena Health Systems in Chillicothe, Ohio for its Healthcare Information Management Strategic Sourcing Services.
“I have all the confidence in the world in Precyse,” said George A. Semko, Revenue Cycle System Director for Adena Health System. “Having used Precyse’s services at a former healthcare system, I have seen first-hand the elimination of backlogs, a decrease in Discharged Not Final Billed (DNFB) days as well as improvements in quality, workflow, efficiency, and cash- flow. Their in-depth knowledge and experience in meeting healthcare regulatory and compliance requirements coupled with their background in health information systems are the reasons we selected Precyse as the ideal HIM partner.”
“The Adena management team was very impressed with the HIM knowledge and experience of the Precyse team and we look forward to this long-term partnership with Precyse,” said Keith Coleman, Adena’s Chief Financial Officer. “As a result of the cost savings and efficiencies that we expect to gain in the HIM department, we look forward to adding personnel and resources to other areas of Adena’s health system.”
“Providers are facing numerous challenges in meeting regulatory and compliance healthcare requirements and partners like Precyse with innovative solutions and expert staff and best practice processes help them to meet those challenges head on,” said Chris Powell, President of Precyse. “Our HIM strategic sourcing services implement changes without compromise. We help strengthen health data integrity, drive EHR adoption, improve productivity and processes and prepare for a successful ICD-10 transition. We pride ourselves in taking care of the health information that is taking care of patient lives.”
As part of the five-year agreement, Precyse will provide transcription services which include use of precyseNetTM, Precyse’s transcription and patient record document management system. Precyse will also provide HIM administration, staffing support and education, processing of all patient records, reports and reconciliation, and regulatory and compliance review and adherence.
Precyse currently provides HIM support to hundreds of hospitals and health systems nationwide and is the only company able to assume full responsibility for the entire HIM function for a hospital or health system on a short or long-term basis.
Precyse Selected as Winner of Venture Summit Mid-Atlantic 100 Top Private Companies
Wayne, PA and Alpharetta, GA Nov 29, 2011 — Precyse, a leader in health information management (HIM) technology and services, is pleased to announce it has been chosen as one of the Venture Summit Mid-Atlantic 100 winners. Inclusion in the Venture Summit Mid-Atlantic 100 signifies leadership among its peers through game-changing approaches, services and technologies that are likely to disrupt existing markets and entrenched players, and creates huge value-created opportunities in the Mid-Atlantic region.
Precyse was nominated for the Mid-Atlantic 100 Life Sciences and Healthcare Services category by NewSpring Capital. ”The importance and complexity of clinical documentation in today’s healthcare delivery systems has become critical. Precyse has become the leader in providing these important technologies and services. Their industry adoption has been impressive and a pleasure to invest behind,” said Brian Murphy, General Partner of NewSpring Health Capital of Radnor, Pennsylvania.
The Venture Summit Mid-Atlantic 100 winners were selected from among thousands of Mid- Atlantic technology companies nominated by investors, bankers, journalists, and greentech industry insiders. Precyse was specially selected by this group and by global industry experts based on a set of five criteria: innovation, market potential, commercialization, stakeholder value, and media buzz.
Precyse President, Chris Powell, will participate in a Healthcare Information Technology (IT) panel discussion during the IMPACT 2011 conference on November 30th at 2:00 p.m. at the Pennsylvania Convention Center. The discussion will outline trends driving record levels of activity in Healthcare IT, key regulatory initiatives, new operating concerns around patient safety, accountable care organizations, healthcare exchanges, and how public and privacy financing alternatives have created industry frenzy.
“Healthcare providers are facing many regulatory and compliance changes and challenges today and seek partners like Precyse with innovative solutions and expert services to help them meet those challenges head on,” said Powell. “From patient care to reimbursement, we strengthen health data integrity, drive EHR adoption, help meet Meaningful Use objectives and support full regulatory compliance for our clients. In fact, we’ve helped over 850 hospital and health systems improve health information workflow, productivity and accuracy, reduce operating costs, stabilize revenue cycle activities and mitigate regulatory and financial risks.”
Precyse and the Venture Summit Mid-Atlantic 100 companies will be honored at the IMPACT Venture Summit Mid-Atlantic event, a two-day executive event at the Pennsylvania Convention Center in Philadelphia featuring CEO presentations and high-level debates on the most promising emerging technologies and new entrepreneurial opportunities on the East Coast. PACT’s annual venture conference, IMPACT 2011, is the most established venture conference in the northeast. For over 20 years, IMPACT has been showcasing the best and most promising investment opportunities in the technology, life sciences, and clean technology sectors. IMPACT’s featured companies have raised more than a $1 billion in venture financing and are some of the region’s most recognizable names.
Precyse Recognizes Health Information Management (HIM) and Health Information Technology (HIT) Colleagues and Professionals during HI&T Week, November 6-12, 2011
Wayne, PA and Alpharetta, GA Nov 6, 2011 — Precyse, a leader in health information management (HIM) technologies and services, partners with the American Health Information Management Association (AHIMA) and others in support and celebration of the 22nd Annual Health Information and Technology (HI&T) Week. This year’s theme is Accurate Health Information for Care YOU Trust. The health information management (HIM) and health information technology (HIT) colleagues and professionals who play an integral role in today’s rapidly evolving healthcare industry will be acknowledged throughout the United States during the American Health Information Management Association’s 22nd annual Health Information and Technology Week.
Evolution is a key word for this year bringing unprecedented changes to health information management as new technology, funding and policies have taken flight for the first time. Because of the numerous complexities within the current healthcare landscape—Meaningful Use, ICD-10, Regional Extension Centers, privacy and security, Health Information Exchange, and quality measures—the training and skill-sets of HIM and HIT colleagues and professionals is required for the efficient organization and management of health information. It is because of these colleagues and professionals that the healthcare industry will continue to grow and advance in patient care and safety.
The focus of Health Information and Technology Week is to raise awareness and celebrate the evolution of HIM and HIT colleagues and professionals, and the benefits of their profession working collectively to deliver quality healthcare through quality information.
“Our participation in HI&T Week underscores our commitment of taking care of the information that is taking care of patient lives,” said Chris Powell, President of Precyse. “Today more than ever, the role of technology in healthcare information is vital. By working together, Precyse’s people, processes and technology create solutions that drive healthcare actions, sparking innovation in healthcare information and driving healthcare actions that help providers improve revenue cycles, drive efficiencies, and manage clinical data. Our vision is to live in a world where all meaningful health information is available to help save time, money and lives.”
Precyse is proud to continue its support in this effort and in the progression of healthcare information services and technology as a Diamond Corporate Partner with the American Health Information Management Association (AHIMA), whose main mission is to advance the HIM profession through educational programs, research, and funding for grants and scholarships for the next generation of HIM leaders. During this past week’s Company Town Hall, Powell congratulated Precyse colleagues throughout the country for their commitment to the HI&T industry.
Precyse Recognizes Health Information Management (HIM) and Health Information Technology (HIT) Colleagues and Professionals during HI&T Week, November 6-12, 2011
Wayne, PA and Alpharetta, GA Nov 6, 2011 — Precyse, a leader in health information management (HIM) technologies and services, partners with the American Health Information Management Association (AHIMA) and others in support and celebration of the 22nd Annual Health Information and Technology (HI&T) Week. This year’s theme is Accurate Health Information for Care YOU Trust. The health information management (HIM) and health information technology (HIT) colleagues and professionals who play an integral role in today’s rapidly evolving healthcare industry will be acknowledged throughout the United States during the American Health Information Management Association’s 22nd annual Health Information and Technology Week.
Evolution is a key word for this year bringing unprecedented changes to health information management as new technology, funding and policies have taken flight for the first time. Because of the numerous complexities within the current healthcare landscape—Meaningful Use, ICD-10, Regional Extension Centers, privacy and security, Health Information Exchange, and quality measures—the training and skill-sets of HIM and HIT colleagues and professionals is required for the efficient organization and management of health information. It is because of these colleagues and professionals that the healthcare industry will continue to grow and advance in patient care and safety.
The focus of Health Information and Technology Week is to raise awareness and celebrate the evolution of HIM and HIT colleagues and professionals, and the benefits of their profession working collectively to deliver quality healthcare through quality information.
“Our participation in HI&T Week underscores our commitment of taking care of the information that is taking care of patient lives,” said Chris Powell, President of Precyse. “Today more than ever, the role of technology in healthcare information is vital. By working together, Precyse’s people, processes and technology create solutions that drive healthcare actions, sparking innovation in healthcare information and driving healthcare actions that help providers improve revenue cycles, drive efficiencies, and manage clinical data. Our vision is to live in a world where all meaningful health information is available to help save time, money and lives.”
Precyse is proud to continue its support in this effort and in the progression of healthcare information services and technology as a Diamond Corporate Partner with the American Health Information Management Association (AHIMA), whose main mission is to advance the HIM profession through educational programs, research, and funding for grants and scholarships for the next generation of HIM leaders. During this past week’s Company Town Hall, Powell congratulated Precyse colleagues throughout the country for their commitment to the HI&T industry.
Precyse Appoints Paul Flanagan as Vice President of Compliance and Privacy
Wayne, PA and Alpharetta, GA Oct 4, 2011 — Precyse, a leader in health information management (HIM) technologies and services, announces the appointment of Paul Flanagan as Vice President of Compliance and Privacy. Flanagan will oversee Precyse’s Corporate Compliance Program, including monitoring healthcare regulatory developments and maintaining corporate policies and procedures; compliance and privacy training; risk audits and assessments; and regulatory reporting and communications. A member of the Senior Leadership Team, he will report directly to Precyse CEO Jeffrey Levitt and will be based in the company’s Wayne office. Flanagan replaces Precyse Vice President of Compliance and Privacy, Cheryl Servais, who is retiring.
“I am very excited about the opportunity to lead Precyse’s compliance and privacy program and bring my experience from the provider side to the innovative healthcare services and technology programs and products that Precyse offers”, said Paul Flanagan. “Precyse’s vision of a world where meaningful health information is readily available to help save time, money and lives is the future of healthcare.”
Flanagan has served as Chief Compliance Officer/Privacy Officer for a number of prominent healthcare organizations, including Hahnemann University Academic Hospital; 21st Century Oncology; Express Scripts/CuraScript Inc; Shands Health System at the University of Florida; Eisenhower Medical; University Medical Center in Tucson, Ariz.; and Alegent Health in Omaha. In his most recent position at Hahnemann, Flanagan ensured compliance with the federal government’s five-year, $900 million Corporate Integrity Agreement with Tenet Healthcare and instituted a comprehensive education and training program that included general and specific compliance training for 3,200 people regarding various compliance issues and risks.
Flanagan holds a juris doctor degree from Creighton University School of Law, a master of science degree in Hospital Administration from Widener University and a bachelor’s degree from Catholic University of America in Washington, D.C. He served on the National Board of Directors for the Healthcare Compliance Officer Association (HCCA) from 1998-2001 and as an adjunct professor in hospital administration at various universities. He is a member of the American College of Healthcare Executives. Because of his expertise in healthcare compliance, Flanagan has been sought out as a speaker for many HCCA, AHIMA, HFMA and AIC events and has been a contributing editor and advisory board member of many industry publications.
“Paul has dedicated most of his career to the area of compliance and privacy, particularly in the healthcare setting,” said Levitt. “He is the ideal choice to lead our Compliance and Privacy programs. I look forward to the expertise that he will bring to our organization.”
Precyse Offers Electronic Clinical Documentation Improvement (CDI) Through Natural Language Comprehension-Driven Coding Solution
Wayne, PA and Alpharetta, GA Oct 03, 2011 — Precyse, a leader in Health Information Management (HIM) technology and services, is revolutionizing Clinical Documentation Improvement (CDI) initiatives for its healthcare provider clients through precyseCDITM, a tool that enables integrated CDI with coding workflow and electronically facilitates identification of gaps and areas for improvement in clinical documentation. PrecyseCDITM is a component of precyseCodeTM, the industry’s first computer assisted and Natural Language ComprehensionTM (NLC)-driven intelligent workflow solution.
precyseCodeTM is a single, comprehensive platform to optimize coding processes, accelerate revenue cycles and support healthcare organizations as they navigate compliance challenges, implement CDI initiatives, migrate to ICD-10 and address the challenges of health reform and Meaningful Use. As part of precyseCode, precyseCDI is providing Precyse customers with a means of ensuring their CDI objectives are met through more explicit and accurate clinical documentation, reduced risk of coding errors, more timely and appropriate reimbursement, improved audit ratings and physician profiles and heightened regulatory compliance.
“The Natural Language Comprehension capabilities that make precyseCode the most powerful computer assisted coding environment available are also enabling precsyeCDI to take Clinical Documentation Improvement to new, sustainable level that has never before been possible,” said Chris Powell, President of Precyse. “Given the increased detail and complexity of ICD-10, accuracy will be paramount. If clinical documentation isn’t done correctly, then coding can’t be done correctly, and if coding isn’t done correctly, healthcare providers won’t be reimbursed properly. Armed with precyseCode and precyseCDI our customers will begin putting into place a CDI program that will help them prepare for the increased documentation and coding accuracy that ICD-10 will demand.”
PrecyseCDI uses precyseCode NLC to review clinical documents and, in addition to assigning the appropriate ICD-9 and ICD-10 codes, can identify gaps and inaccuracies and suggest opportunities for improvement. And since NLC allows the coding environment to actually learn with every encounter, its knowledge base, and thus its CDI capabilities, are constantly growing.
Several healthcare organizations are already taking advantage of precyseCDI to improve CDI processes in preparation for ICD-10, including Sarasota Memorial Health Care System in Sarasota, Fla. “We knew that we needed to start preparing for ICD-10 now, in order to change documentation practices over the next two years,” said Diane Settle, Executive Director, Revenue Cycle for Sarasota Memorial Health Care System. “PrecyseCDI was selected as our solution to help us evaluate our current clinical documentation practices and determine where we have lack of specificity.”
“With precyseCDITM, healthcare providers can electronically focus on CDI efforts right now and start working with their clinical staff to prime them for ICD-10,” said Powell.
Baptist Health System (BHS), which includes four hospitals in the greater Birmingham, Ala., area, transitioned from a paper-based environment and implemented Precyse’s innovative coding platform in 2009. The new coding platform allowed BHS to “virtualize” the coding department and create an integrated, seamless and productive team. BHS has experienced increased productivity, accuracy and quality, while significantly reducing costs. There has been a 20% increase in coding quality, a 5% increase in DRG-based revenue and a 10% reduction in voluntary auditing. Before the end of the year, BHS will upgrade to Precyse’s NLC-enabled computer assisted coding platform.
“The precyseCode upgrade will position BHS to even further improve the outcomes we’ve already achieved with Precyse,” said Chloe Phillips, Corporate Director of HIM for BHS. “We plan on using it as a competitive advantage that will actually improve productivity in the face of the transition to ICD-10.”
Precyse will be discussing electronic CDI through its Natural Language Comprehension-driven coding solution, precyseCode, at the American Health Information Management Association (AHIMA) national conference in Salt Lake City, Utah, October 2 – 5, 2011. Visit Precyse, AHIMA Diamond Partner and AHIMA Foundation Member, in booth #1419 at AHIMA 2012 to learn how precyseCDI and precyseCode will enable providers to focus on CDI and ICD-10 initiatives now to prepare for the future.
Precyse Partners with the Healthcare Information Management Systems Society in Recognition of National Healthcare Information Technology Week
Wayne, PA and Alpharetta, GA Sep 12, 2011 — Precyse, a leader in health information management (HIM) services and technologies, partners with the Healthcare Information and Management Systems Society (HIMSS) and others in support and celebration of the Sixth Annual National Healthcare Information Technology (HIT) Week. This year’s theme is One Voice, One Vision: Transforming Health and Care.
Comprehensive health care reform is not possible without system-wide adoption of health information technology, which improves the quality of healthcare delivery, increases patient safety, decreases medical errors, and strengthens the interaction between patients and healthcare providers. The transformation of health and care requires a collaborative effort between providers, industry, the government and the media to educate industry and policy stakeholders on the value of health IT for the U.S. healthcare system.
Precyse introduces PrecyseSource, an informative portal of provider health information case studies, white papers and webinar presentations — reflecting the transformation of provider healthcare information management and systems. Precyse is helping to educate and increase the awareness of the importance of healthcare systems and technology in today’s healthcare. Click here: PresyseSource.
―Our participation in National HIT Week and the launch of PrecyseSource, underscores our commitment of taking care of the information that is taking care of patient lives‖, said Chris Powell, President of Precyse. ―Today more than ever, the role of technology in healthcare information is vital. By working together, Precyse’s people, processes and technology create solutions that drive healthcare actions, sparking innovation in healthcare information and driving healthcare actions that help providers improve revenue cycles, drive efficiencies, and manage clinical data. Our vision is to live in a world where all meaningful health information is available to help save time, money and lives‖.
Precyse is proud to continue its support in this effort and in the progression of healthcare information services and technology as a Gold Corporate Partner with HIMSS whose mission is to lead healthcare transformation through the effective use of health information technology. Precyse is also a Diamond Corporate Partner with the American Health Information Management Association (AHIMA), whose main mission is to advance the HIM profession through educational programs, research, and funding for grants and scholarships for the next generation of Health Information Management (HIM) leaders.