RemitDATA Launches ClarifyMD® Subscription Service For Physician Practices

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SOURCE RemitDATA Inc.

A unique subscription model provides practices with clear answers on how to create immediate value from comparative analytics to optimize their performance

PLANO, Texas, March 14, 2013 /PRNewswire/ -- RemitDATA Inc., the leading provider of comparative analytics of reimbursement, utilization and productivity data, today launched ClarifyMD®, an affordable subscription service for physicians' practices that provides:

the comparative analytics practices need to gain greater insight into the financial and productivity variables that impact performance and how those metrics compare against peers;
diverse consulting advisory services that help practices focus their efforts on the areas that can deliver the most benefits.

"ClarifyMD is a single solution for a practice's revenue cycle needs that no other company offers today," said RemitDATA Chief Operating Officer Brian Fugere. "In addition to the cost savings this subscription service provides through increased efficiencies, the service itself is extremely time-and cost-efficient because it eliminates the need for a practice to retain and manage relationships with multiple consulting firms."

The ClarifyMD subscription reports leverage RemitDATA's TITAN®, a data-rich solution that provides a level of reimbursement, staff productivity, payer performance and utilization comparative analysis that previously was available only to payers, Medicare and regulators.

"Comparative analytics offerings for revenue cycle management are designed to allow practices to add greater transparency to financial data and performance metrics, and leverage actionable strategies for improving and correcting provider performance issues, resulting in increased collections and lower costs for the practice," noted Judy Hanover, research director, IDC Health Insights.

ClarifyMD helps physician practices optimize their performance in key areas such as:

Benchmarking – provides peer-to-peer comparisons on reimbursements, utilization and productivity;
Performance Metrics – uncovers preventable errors such as staff productivity, incorrect documentation and eligibility verification denials;
Payer Mix – identifies payer performance problems such as denials and slow payments;
Claims Analysis – determines where a practice's time and money are being spent, as well as the reasons for claims denials; and,
Compliance – pinpoints potential audit and compliance risks.

ClarifyMD boasts a diverse network of healthcare consulting advisors who possess a broad array of skill sets and knowledge areas, including former practice managers, coders, certified public accountants, and staff from physician billing companies.

An important attribute of ClarifyMD is its extremely low impact on a practice's current operations. Since the subscription service's reports are driven by TITAN's software-as-a-service (SaaS) model, no hardware or software implementation is necessary. As a result, ClarifyMD's network of advisors can analyze a practice using TITAN in real-time and deliver in-depth reporting back to the practice at a much greater speed and accuracy than traditional healthcare consulting practices.

ClarifyMD is offered in a variety of affordable subscription options that are designed to meet the needs of any practice. Come see RemitDATA at booth 903 at AMGA to learn more.

About RemitDATA
Founded in 2000, RemitDATA Inc. helps more than 100,000 healthcare providers improve revenue and cash collections by identifying and correcting performance issues in the post-adjudication stage of the revenue cycle. The company provides a range of system-agnostic comparative analytic solutions with patented, proprietary technology offered in Software as a Service (SaaS) form for immediate value-add implementation, resulting in a faster return on investment. The end result is more enlightened providers with empowered practice management teams, improved employee productivity and increased profitability. Based in Memphis, Tennessee, and Plano, Texas, the company has enjoyed a more than 90 percent client renewal rate since its inception. For more information, please visit www.RemitDATA.com.

Media Contact:
Marianne Fulgenzi
KNB Communications
203.504.8230
mfulgenzi@knbpr.com

RemitDATA Launches ClarifyMD® Subscription Service For Physician Practices - FOX 18 - Quad Cities News and Weather

RemitDATA Launches ClarifyMD® Subscription Service For Physician Practices