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T-System Launches New Revenue Cycle Management SolutionRevCycle+ Provides Technology Enabled Facility Coding, Professional Coding and Billing, and Consulting Services to Optimize Financial Performance (June 11, 2012)
DALLAS, TX -- (Marketwire) -- 06/11/12 -- To help hospitals and physician practices address shrinking reimbursement rates and operational challenges, T-System, Inc. today formally introduced RevCycle+, a technology-enabled revenue cycle solution encompassing facility coding, physician coding and billing, and consulting.
T-System, perhaps best known for its emergency department (ED) documentation solutions, is the first ED vendor to tie clinical expertise to revenue cycle management. Patient documentation is tightly linked to a hospital's and physician's financial performance because quality information captured during the care process is critical to ensure accurate coding and, ultimately, optimal reimbursement. T-System will provide guidance and feedback to hospitals and physician groups to optimize their financial performance and regulatory compliance through every stage of the revenue cycle -- beginning with patient registration and ending with payment collection for services rendered.
T-System RevCycle+ includes:
- An advanced coding system: Sophisticated web-based software uses proven algorithms and more than 3.5 million coding rules to ensure accuracy and compliance. In addition to providing accurate E&M and procedure codes, the system produces flexible diagnosis and observation coding to ensure hospitals and physicians can appropriately bill for the care provided.
- Coding services for facilities and physicians: With ambiguous coding rules for facilities and constantly changing regulations, many organizations struggle with finding qualified ED coders and keeping them adequately trained. RevCycle+ relieves this burden, which will become exacerbated when the new ICD-10 codes are mandated.
- Professional coding and billing: Numerous companies provide professional coding and billing services, but many lack the sophistication to ensure adequate reimbursement. T-System's combination of consulting and clinical expertise bolsters the quality of this service.
- Consulting services: T-System clinical and coding professionals provide strategic guidance customized to an organization's needs. Consultants can perform a full documentation, coding and charge master review to identify opportunities to improve compliance and financial performance, or they can conduct additional clinical and coding training remotely or onsite.
Memorial Medical Center in Port Lavaca, Texas, has been live on The T SystemEV® ED information system since 2009 and this year requested T-System's RevCycle+ consulting services to fully optimize its ED processes. T-System conducted a thorough review of clinician documentation and provided training, a charge master gap analysis and assistance with the hospital's facility charges. The ED has since seen a $50,000 increase in revenue between February and May 2012.
"T-System has delivered -- and exceeded -- what they promised in record time," said Chattanooga Emergency Medicine (CEM) Principal Jeff Visser, M.D., who helped select T-System as its vendor to perform professional coding and billing services. "By efficiently managing our collections, we have been able to substantially improve our financial performance, even if our volume of patients were to remain relatively fixed."
"Emergency departments and emergency medicine physicians are faced with the most complex coding and billing process of any medical specialty," said Mikael Őhman, T-System chief operating officer. "Coding and billing starts with patient documentation, and T-System understands ED documentation. RevCycle+ is a natural extension of our existing solutions, and this offering was made possible through our recent acquisitions of Practice Management Associates and Clinical Coding Solutions."
T-System, Inc. advances the practice of emergency medicine with solutions proven to solve clinical, financial, operational and regulatory challenges for hospitals and urgent care clinics. Approximately 40 percent of the nation's emergency departments leverage T-System solutions to provide an unmatched patient experience. Through gold-standard documentation, revenue cycle management, and performance-enhancing solutions, T-System optimizes care delivery from the front door through discharge and beyond. Today, more than 1,800 hospitals rely on T-System solutions. For more information, visit www.tsystem.com. Follow @TSystem on Twitter, or become a T-System fan on Facebook.
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