100 Percent Clinician Adoption and Related Process Enhancements Drive Revenue Cycle Improvement
Boston, MA - June 22, 2004 - Widespread usage of MedAptus' Charges In Hand mobile coding solution has led to an increase in annual net collections of $20,000 per physician at Bridgewater Goddard Park Medical Associates (BGPMA), a multi-site, multi-specialty physician practice group in southern Massachusetts. This financial benefit, demonstrated in a recent quantitative study undertaken by both BGPMA and MedAptus, is the result of Charges In Hand's ability to help improve coding accuracy and efficiency, as well as increase the average number of charges collected per service encounter.
BGPMA first engaged with MedAptus, Inc., the leading provider of mobile point-of-care solutions for physicians, in late 2002, with the dual objectives of increasing efficiencies and achieving cost control and containment. Concerned by labor intensive manual processes that were creating lags between patient encounter and claim generation, BGPMA believed that Charges In Hand, a charge capture solution designed to support coding and compliance at the point-of-care, would improve both time-to-payment measures as well as cash flow.
"BGPMA chose MedAptus' charge capture product to enhance revenue, reduce costs and increase our efficiencies through the use of technology. We also felt that Charges In Hand would improve our ability to manage patient information and facilitate practice compliance as well," stated Deb Wilson, executive vice president, BGPMA. "Our practice will eventually adopt an EMR and we believe the implementation of Charges In Hand was the best approach to introducing technology to the physicians." Wilson also added that BGPMA largely credits the success of its MedAptus implementation to the easy-to-use and intuitive design of Charges In Hand, which spurred 100 percent adoption in less than 12 months.
Using the solution, patient encounters are documented rapidly from custom lists of frequently used procedure and diagnosis codes. Selected codes are then audited for appropriateness by MedAptus' rules and compliance engine, prior to being sent from the physician's PocketPC™ device to, at BGPMA, its IDX billing system. This electronic charge transfer, in conjunction with facilitated code review, allows for both expedited and clean claim creation.
"The results from our study with BGPMA clearly indicate that the outcomes of revamping business processes, particularly how charges are captured and reviewed, greatly outweigh the cost of the technology and any related change management activities," stated Dr. Lance Baldo, co-founder and chief medical officer of MedAptus. "BGPMA is a longstanding customer. By documenting and sharing their experience, we're helping to ensure financial and operational successes across our growing customer base."
The co-study demonstrating the various financial benefits realized by BGPMA after implementing Charges In Hand compared data for services provided in a six-month period prior to the MedAptus deployment with data for a six-month period post-deployment, obtained from a pilot group of physician users across various specialties. For a copy of the study results and analysis as compiled by The Gantry Group, LLC on behalf of MedAptus, please contact MedAptus at 617-523-1221.
About Bridgewater Goddard Park Medical Associates
Bridgewater Goddard Park Medical Associates (BGPMA) is one of the largest multi-specialty physician practices on the South Shore. BGPMA is a physician owned, multi-site group practice offering primary, specialty and subspecialty care to patients of all ages. With over thirty years experience providing community medical care, BGPMA is also proud to offer a complete array of diagnostic services including radiology and a licensed clinical laboratory. Additional diagnostic services include cardiac testing, cat scans, bone densitometry, and ultrasounds. Urgent care services are available to address patient care needs on the weekends and holidays. Hospital care is provided through our network affiliation with Brockton Hospital and Beth Israel Deaconess Hospital. BGPMA is committed to provide comprehensive healthcare for the entire family. For more information, contact BGPMA at 508-894-0400.
About MedAptus Corporation
MedAptus, Inc. is a healthcare information technology company providing point-of-care solutions for physicians. MedAptus provides clinicians with a comprehensive suite of workflow and revenue enhancing solutions including patient management, charge capture, dictation and clinical content. MedAptus' flagship application, Charges In Hand™, allows physicians to document professional charges at the point-of-care. The use of Charges In Hand™ increases efficiency, reduces the lag time between professional services and claim submission and improves compliance with billing regulations. Additional clinical solutions are under development to augment the suite and create a unified mobile and web-based offering. MedAptus can be reached via www.MedAptus.com or email to info@medaptus.com or by calling 617-896-4000.