Wolters Kluwer's MediRegs launches new automated analytics solution

Rhea-AI Summary

Wolters Kluwer Legal and Regulatory U.S. (Wolters Kluwer) has launched Analytical APIs within MediRegs, their healthcare coding, reimbursement, and compliance solution. The service enables healthcare revenue cycle, reimbursement, and audit professionals to use automated analytics to increase efficiencies and cash collections throughout the audit and appeals processes. Customers can add several products into their eco-system, including the NCCI Code Pair Check, MS-DRG Grouper Calculator, Professional Fee Calculator, OPPS Grouper Calculator, OPPS Batch services, and more. The APIs can help hospitals reduce error rates by up to five percent.

Positive

• Analytical APIs provide real-time access to MediRegs, increasing efficiency for healthcare revenue cycle professionals
• The launch of this service enables healthcare professionals to use automated analytics to increase efficiencies and cash collections throughout the audit and appeals processes
• Customers can add several products into their eco-system, including the NCCI Code Pair Check, MS-DRG Grouper Calculator, Professional Fee Calculator, OPPS Grouper Calculator, OPPS Batch services, and more

Negative

• The PR lacks specific data on the financial impact of using the Analytical APIs
• No mention of the potential costs or pricing structure for integrating the Analytical APIs into customers' workflow

Analytical APIs provide healthcare revenue cycle professionals with real-time access to MediRegs, saving time and increasing efficiency

NEW YORK, Nov. 28, 2023 /PRNewswire/ -- Wolters Kluwer Legal and Regulatory U.S. has launched Analytical APIs within MediRegs, Wolters Kluwer's acclaimed healthcare coding, reimbursement, and compliance solution. The launch of this service enables healthcare revenue cycle, reimbursement, and audit professionals to use automated analytics to increase efficiencies and cash collections throughout the audit and appeals processes.

"As healthcare revenue cycle professionals face significant staff shortages and rapidly changing Medicare rates, it's important for our customers to stay up to date on regulatory requirements," said David Bartolone, Wolters Kluwer's VP and General Manager MediRegs. "We have the ability to integrate our Analytical APIs into our customers' workflow to simplify time-consuming revenue cycle tasks, helping them increase their hospital's bottom line and maximize reimbursement."

With healthcare revenue cycle professionals experiencing increased operational challenges, Wolters Kluwer has launched the Analytical APIs as an extension of the MediRegs platform so users can streamline their workflow and meet cash goals. Customers can add several products into their eco-system, including the NCCI Code Pair Check, MS-DRG Grouper Calculator, Professional Fee Calculator, OPPS Grouper Calculator, OPPS Batch services, and more. Customers can tailor their Analytical API specifications based on their business needs. Whether it's the calculator(s), NCCI, or batch processing, the APIs can help hospitals reduce error rates by up to five percent.

MediRegs helps users address multiple challenges facing the industry by providing immediate access to premier coding tools and calculators via Analytical APIs, offering multiple integration options based on customer need.

About Wolters Kluwer

Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software, and services for professionals in healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, and corporate performance and ESG. 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 20,900 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

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

MEDIA CONTACT:
Frank Ready
Senior Specialist, External Communications
Legal & Regulatory
Wolters Kluwer
Office: 717-205-3647
Email: Frank.Ready@wolterskluwer.com

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SOURCE Wolters Kluwer Legal & Regulatory U.S.

FAQ

What are the products that customers can add into their eco-system through Analytical APIs within MediRegs?

Customers can add several products including the NCCI Code Pair Check, MS-DRG Grouper Calculator, Professional Fee Calculator, OPPS Grouper Calculator, OPPS Batch services, and more.

How much can hospitals reduce error rates by using the APIs?

The APIs can help hospitals reduce error rates by up to five percent.

What are the challenges that MediRegs helps users address?

MediRegs helps users address multiple challenges facing the industry by providing immediate access to premier coding tools and calculators via Analytical APIs.