Main Subject - Business

Medical Billing technology has witnessed continued expansion during the first two months of this summer, as evidenced by press releases about some ninety products accumulated in BillingWiki. A practice manager may find it difficult to select the best product from such a large produc

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

t variety. This article roughly tabulates some eighty-five press releases about medical billing technology products and/or vendors across two-dozen service categories.

Asset Life Cycle Management: Products that help healthcare organizations optimize the performance of the

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

r capital assets, uncover hidden expenses, gain more visibility and control over their asset and facility operations, and improve safety. Such systems also serve as repositories for hazards, alerts and recalls facilitating a closed-loop process that documents the hospital's course

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

of notifications and corrective action. See St. Croix and LYNX.

Audit and Compliance: Products that help providers and payers to manage compliance by facilitating internal audits and planning external audits respectively. Such systems assist an auditor to spot errors, omi

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

sions, fraud, and abuse. Solutions span spectrum from basic audit reporting to complete automation of the audit process by using data mining, natural language processing, and statistical methods to produce a random sample of medical records, data scoring, and potential revenue loss

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

estimate.

Claim Audit: A-Life, CodeRyte
EFT Audit: GlobalSCAPE
HIPAA Privacy and Security Compliance: MedicalSuite

Certification and Awards:

Best in KLAS: KLAS is a leading sourc

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

of information on Healthcare Information Technology vendor performance, with information gathered from users at more than 4,500 healthcare facilities nationwide. Performance data collected from 300 Healthcare Information Technology vendors and 500 of their products is evaluated and

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

made available to subscribers through the KLAS website as well as through periodic reports and custom research. See press releases about VantageMed and athenahealth.

CCHIT Certification: The CCHIT Certified mark - a "seal of approval" for EHR products - provides

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

he first consensus-based, consistent benchmark for ambulatory products. See LSS Data Systems and Misys.

DOQ-IT Testing: CMS, an agency of the U.S. Department of Health and Human Services, established the DOQ-IT initiative program to encourage physicians to adop

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

t EHRs and, in turn, improve the quality, safety and efficiency of health care. In order to gain official DOQ-IT recognition, vendors must meet all 35 DOQ-IT reporting requirements. See Misys

Deals: This category shows business development activity based on lev

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

raging reciprocal client relationships and complementary product capabilities. See A-Life, Affinity Billing, athenahealth, eClinicalWorks, Eclipsys, GE Centricity, H-Quotient, Healthnostics, IngeniousMed, JPI Data Resource, LEAPpm, Massachusetts Medical Society, MedLink, Misys, medF

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

RCE, medHost, MediSys, Nexplicit, Nicka & Associates, Nightingale On-Board Communications, PatientKeeper, Quantum Group, RXHub, Scandent, Streamline Health.

Electronic Charge Capture: MedAptus

Electronic Data Interchange (EDI): The ability to access one single s

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

ource of continuously updated claims tracking data to perform real-time status checks directly from local PCs instead of spending hours on the phone calling one insurer after another to track down the status of submitted claims. See MicroSys.

E-learning: AlphaQuest, Care2L

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

arn

Enhanced website: CAP-MPT, Companion Technologies, Patientrak

Factoring: Factoring provides healthcare professionals with automated electronic insurance claims management solutions and advance funding on medical claims, as submitted, through a revolving line

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

of credit. See MDWerks

Integration: Products that expedite revenue cycle by integrating office management functions, which in the past used to be performed separately. Integration eliminates data entry repetition, reduces errors and costs, and streamlines revenue cycle.

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

ee press releases about four integration aspects outlined below.

Billing and Coding: ChartLogic
Billing and EMR: Affinity Billing, MediEMR, Siemens, NextGen, athenahealth.
Billing and Compliance: Billing Precision.
ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust
i>
Billing and Imaging: IMPAC, AMICAS, Fujitsu, MedLink.

New clients: Ingenious Med For, Lumetra, Misys, Per-Se, MediSys, Craneware, PaperFree, athenahealth, Picis, MicroMD, intraNexus, Visionary Medical Systems, AllScripts, LUMEDX, Streamline H

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

alth, LYNX, Sullivan Group, PHNS, Streamline Health, ECDS, McKesson

New billing products and services: Automed, HealthWare, JP Morgan, Physmark-Transplant, LabDAQ

Online Supply Store: Antek HealthWare

Patient Payment Ability Verification: Offers predi

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

ctive reporting functionality to determine a patient's ability to pay for services and verify a patient's billing address in real time. See Per-Se.

Payer-side automation: See Guidewire ClaimCenter, XPERT Connect.

Personal Health Record Smart Card: Patients and h

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

alth care providers can access medical health records, and send and save their most vital personal medical information instantly using the Internet or multiple devices, such as smart cards, USB keys, mobile phones, PDA's and Tablet PC's. See Patientrak.

Telemedicine: eNotes

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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There are things that needed a good deal of attention on intricate details, postcard designs are also one of the forms of attention-grabbing material that needs good planning. There is a limitation on postcards; mainly its size.

One thing that new franchisors need to be careful with is watching their cash flow. It takes about one to two million dollars to adequately set up a franchising program for an existing company with a viable prototype already in place. It is wise for franchising executives to consider the need to conserve and watch outflows like a hawk.

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Main Subject - Electronic Medical Billing Software Products in Press (June - July 2006)

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