Positive Impact Observed at Many Orthopedic Practices Utilizing Veradigm Coding Services
Veradigm (OTCMKTS: MDRX) announced positive impacts for orthopedic practices using its Coding Services. Key results in the first 12 months include:
- Reducing surgical claims payment cycle by up to 5-10%
- Increasing Relative Value Units (RVUs) by up to 3-5%
The service addresses challenges in complex surgical coding and staff shortages, helping practices improve revenue and documentation. Unity MSK, a multi-site orthopedic practice, reported significant results after implementing Veradigm Coding Services. The company's expertise in orthopedic-specific coding has helped Unity MSK combat increased denials and capture potential missing revenue.
Veradigm (OTCMKTS: MDRX) ha annunciato impatti positivi per le pratiche ortopediche che utilizzano i suoi Servizi di Codifica. I risultati principali nei primi 12 mesi includono:
- Riduzione del ciclo di pagamento delle richieste chirurgiche fino al 5-10%
- Aumento delle Unità di Valore Relativo (RVU) fino al 3-5%
Il servizio affronta le sfide nella codifica chirurgica complessa e le carenze di personale, aiutando le pratiche a migliorare le entrate e la documentazione. Unity MSK, una pratica ortopedica multi-sito, ha riportato risultati significativi dopo aver implementato i Servizi di Codifica di Veradigm. L'esperienza dell'azienda nella codifica specifica per l'ortopedia ha aiutato Unity MSK a combattere l'aumento dei rifiuti e a catturare potenziali entrate mancanti.
Veradigm (OTCMKTS: MDRX) anunció impactos positivos para las prácticas ortopédicas que utilizan sus Servicios de Codificación. Los resultados clave en los primeros 12 meses incluyen:
- Reducción del ciclo de pago de reclamaciones quirúrgicas de hasta un 5-10%
- Aumento de las Unidades de Valor Relativo (RVU) de hasta un 3-5%
El servicio aborda los desafíos en la codificación quirúrgica compleja y la escasez de personal, ayudando a las prácticas a mejorar sus ingresos y documentación. Unity MSK, una práctica ortopédica multisitio, reportó resultados significativos después de implementar los Servicios de Codificación de Veradigm. La experiencia de la empresa en codificación específica para ortopedia ha ayudado a Unity MSK a combatir el aumento de denegaciones y capturar ingresos potencialmente perdidos.
Veradigm (OTCMKTS: MDRX)는 자신의 코딩 서비스가 사용하는 정형외과 개업에 긍정적인 영향을 미쳤다고 발표했습니다. 첫 12개월 동안의 주요 결과는 다음과 같습니다:
- 수술 청구 지급 주기를 최대 5-10% 단축
- 상대 가치 단위(RVU)를 최대 3-5% 증가
이 서비스는 복잡한 수술 코딩 및 인력 부족 문제를 다루어, 개업이 수익과 문서화를 향상시키도록 돕습니다. 다수의 정형외과 개업을 운영하는 Unity MSK는 Veradigm 코딩 서비스를 구현한 후 상당한 결과를 보고했습니다. 회사의 정형외과 전용 코딩에 대한 전문성 덕분에 Unity MSK는 증가하는 거부 문제와 잠재적인 결손 수익을 포착할 수 있었습니다.
Veradigm (OTCMKTS: MDRX) a annoncé des impacts positifs pour les pratiques orthopédiques utilisant ses services de codage. Les résultats clés au cours des 12 premiers mois comprennent :
- Réduction du cycle de paiement des demandes chirurgicales allant jusqu'à 5-10%
- Augmentation des Unités de Valeur Relative (RVU) allant jusqu'à 3-5%
Le service répond aux défis liés à la codification chirurgicale complexe et aux pénuries de personnel, aidant les pratiques à améliorer leurs revenus et leur documentation. Unity MSK, une pratique orthopédique multi-sites, a rapporté des résultats significatifs après avoir mis en œuvre les services de codage de Veradigm. L'expertise de l'entreprise dans le codage spécifique à l'orthopédie a aidé Unity MSK à lutter contre l'augmentation des refus et à capturer des revenus potentiellement manquants.
Veradigm (OTCMKTS: MDRX) hat positive Auswirkungen für orthopädische Praxen angekündigt, die seine Codierungsdienste nutzen. Wichtige Ergebnisse in den ersten 12 Monaten umfassen:
- Reduzierung des Zahlungszyklus für chirurgische Ansprüche um bis zu 5-10%
- Erhöhung der Relativen Wert-Einheiten (RVUs) um bis zu 3-5%
Der Service geht auf die Herausforderungen der komplexen chirurgischen Codierung und des Personalmangels ein und hilft den Praxen, ihre Einnahmen und Dokumentationen zu verbessern. Unity MSK, eine multi-site orthopädische Praxis, berichtete von erheblichen Ergebnissen nach der Implementierung der Codierungsdienste von Veradigm. Die Expertise des Unternehmens in der orthopädie-spezifischen Codierung hat Unity MSK geholfen, die zunehmenden Ablehnungen zu bekämpfen und potenziell fehlende Einnahmen zu erfassen.
- Reduction in surgical claims payment cycle by up to 5-10% for clients
- Increase in Relative Value Units (RVUs) by up to 3-5% for clients
- Positive client feedback from Unity MSK, a large orthopedic practice
- Addressing industry challenges of complex surgical coding and staff shortages
- None.
Helping Orthopedists to Measurably Reduce Denials and Improve Practice Revenue
The increasing complexity of surgical coding and a shortage of qualified coding staff has left practices with a revenue challenge that is getting harder and harder to meet. When claims are coded incorrectly and as a result are left unpaid or underpaid, the ripple effect on the bottom line can be devastating to a practice’s financial health.
Veradigm brings years of experience, certified coders, and technology-enabled workflows to the challenge of complex surgical coding, delivering a service that can help orthopedic and other MSK-related specialties see higher revenue and with better documentation, while making life easier on surgeons and their overtaxed staff. The services are supplemented by advanced technology from the Veradigm Network of solutions.
Unity MSK, a nationwide, multi-site orthopedic practice with 75 total providers with 45 physicians, has seen significant results since onboarding Veradigm Coding Services.
“To help combat increased denials, we needed a coding partner that understood the nuances of effective coding and claim submission to help us capture potential missing revenue and accelerate cashflow,” said Joy Eckerdt, Vice President of Revenue Cycle, Unity MSK. “Finding an orthopedic coder to hire is a challenge, but finding a good one is even harder. That’s why we chose Veradigm. They have that level of orthopedic-specific expertise that we needed. They have helped us refocus our staff where their time is best spent, and we are seeing the results.”
“Unity MSK’s experience with Veradigm Coding Services is just one of many examples demonstrating the significant impact this offering can make for orthopedic and other MSK-related specialties,” said Tom Langan, Interim Chief Executive Officer of Veradigm. “We are gratified to be part of helping these practices to meet their goals in a way the enables them to spend more time focusing their patients and look forward to expanding this offering to other care areas in the future.”
About Veradigm®
Veradigm is a healthcare technology company that drives value through its unique combination of platforms, data, expertise, connectivity, and scale. The Veradigm Network features a dynamic community of solutions and partners providing advanced insights, technology, and data-driven solutions for the healthcare provider, payer, and biopharma markets. For more information about how Veradigm is fulfilling its mission of Transforming Health, Insightfully, visit www.veradigm.com, or find Veradigm on LinkedIn, Facebook, Twitter, Instagram, and YouTube.
© 2024 Veradigm LLC and/or its affiliates. All rights reserved. Cited marks are the property of Veradigm LLC and/or its affiliates. All other product or company names are the property of their respective holders, all rights reserved.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240806953135/en/
Investors:
Jenny Gelinas
312-506-1237
Jenny.Gelinas@veradigm.com
Media:
Concetta Rasiarmos
312-447-2466
concetta.rasiarmos@veradigm.com
Source: Veradigm
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