Wolters Kluwer launches new analytical tool within MediRegs

Rhea-AI Summary

Wolters Kluwer Legal and Regulatory U.S. has launched the new Outpatient Prospective Payment System (OPPS) Batch Grouper and Calculator Service within its MediRegs platform. This tool allows healthcare professionals to batch-calculate up to 100,000 outpatient claims daily, significantly improving efficiency in reimbursement and audit processes. It aims to help users address the challenges posed by the evolving reimbursement landscape in the U.S., thereby reducing the time spent on repetitive tasks. The company reported revenues of €5.5 billion in 2022 and serves customers in over 180 countries.

Positive

• Introduced a new analytical tool enhancing MediRegs functionality for healthcare professionals.
• Users can batch-calculate up to 100,000 claims daily, increasing operational efficiency.
• Addresses client needs by reducing time spent on repetitive tasks.

Negative

• None.

Outpatient Prospective Payment Systems (OPPS) Batch Grouper and Calculator Service empowers healthcare revenue cycle professionals to batch claim payment calculations, saving valuable time and optimizing workflow

NEW YORK, March 8, 2023 /PRNewswire/ -- Wolters Kluwer Legal and Regulatory U.S. has launched the Outpatient Prospective Payment System (OPPS) Batch Grouper and Calculator Service within MediRegs, Wolters Kluwer's healthcare coding, reimbursement, and compliance solution. With the launch of this tool, healthcare revenue cycle, reimbursement, and audit professionals can proactively analyze outpatient hospital reimbursement. This provides instant insights, facilitates a smoother audit and appeals process, and enables more informed decisions.

Wolters Kluwer has introduced this analytical tool as its latest move in upgrading MediRegs to meet its customers' evolving needs and eliminate common pain points. The OPPS Batch Grouper and Calculator Service enables users to batch-calculate 5,000 outpatient claims instantly, with up to 100,000 claims per day under the Outpatient Prospective Payment System. Healthcare revenue cycle, reimbursement, and audit professionals can use the service to calculate hundreds of scenarios simultaneously, conduct provider specific outlier calculations, adjust complex procedure discounting, and apply select modifiers.

"As healthcare revenue cycle professionals face increased disruption from a volatile reimbursement landscape in the U.S., it is critical for our customers to spend less time on time-consuming repetitive tasks and to have the ability to apply more resources to maintaining a comprehensive coding, reimbursement, and compliance program," said David Bartolone, Vice President and General Manager at Wolters Kluwer Legal & Regulatory U.S. "The OPPS Batch Grouper and Calculator Service will allow MediRegs users to eliminate hours of manual work by batch calculating outpatient claims and streamlining their workflow."

MediRegs helps users address multiple challenges facing the industry by providing immediate access to premier, always up-to-date content, coding tools, and calculators. The platform helps healthcare workers keep up to date on constantly changing healthcare regulations and reimbursement by providing a SaaS workflow solution, integration options, and premier healthcare reimbursement and risk management software.

To learn more about the OPPS Batch Grouper and Calculator Service within MediRegs, visit: www.wolterskluwer.com/en/solutions/mediregs

About Wolters Kluwer
Wolters Kluwer (EURONEXT: WKL) is a global leader in professional information, software solutions, and services for the healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, and corporate performance and ESG sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.

Wolters Kluwer reported 2022 annual revenues of €5.5 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 20,000 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

For more information, visit www.wolterskluwer.com, follow us on LinkedIn, Twitter, Facebook, and YouTube.

MEDIA CONTACT:
Linda Gharib
Director, Brand & Communications
Wolters Kluwer Legal & Regulatory U.S.
Tel: +1 (646) 887-7962
Email: lrusmedia@wolterskluwer.com 

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SOURCE Wolters Kluwer Legal & Regulatory U.S.

FAQ

What is the OPPS Batch Grouper and Calculator Service launched by Wolters Kluwer?

It is a new analytical tool that allows healthcare professionals to batch-calculate outpatient claims, improving workflow efficiency.

How many claims can be processed with the new OPPS service?

The service can batch-calculate up to 100,000 outpatient claims per day.

What challenges does the OPPS Batch Grouper and Calculator Service address?

It helps manage the complexities of the U.S. reimbursement landscape, reducing time on repetitive tasks.

When was the OPPS Batch Grouper and Calculator Service launched?

The service was launched on March 8, 2023.

What company ticker is associated with Wolters Kluwer?

The company is listed under the ticker symbol WTKWY.