PEORIA, Ill.--(BUSINESS WIRE)--MedData, Inc., a leading provider of revenue cycle management and patient satisfaction services, announced today the expansion of its comprehensive practice intelligence tool, MedData I.Q., to its Pathology clients across the United States.
A billing services industry innovation, MedData I.Q. is accessed securely via MedData’s online portal, 24/7, where clients view and download detailed operational, financial, productivity and clinical information occurring within the practice. It offers instant and meaningful ways for medical practices to access quick, easy-to-use operational and financial intelligence resources including interactive dashboards that offer graphically rich summaries of monthly performance data, scorecards containing key performance indicators, month-end and next day data, clinical information, physician productivity, operational details, and other intelligent information to enhance a practice’s operations. These tools will allow for the proactive management of real issues faced by practices, such as monitoring cash flow and payroll, managing productivity-based compensation and preparing for payer negotiations.
“Connecting our clients’ lab’s IT systems with ours to manage both anatomic and clinical pathology billing is a complex process that requires experience and expertise in the issues Pathologists face every day. Unfortunately, most pathology groups simply aren't able to dig in deep enough into their data to get to the depth of understanding necessary to determine what's working and what needs improvement,” stated Sue Chilson, MedData’s chief information officer. “MedData I.Q. is the antidote to this dilemma. With our first quarter launch, our Pathology clients can access a simple, intuitive, powerful tool that sheds much needed actionable clarity on complex issues.”
Brecksville, Ohio-based MedData is one of the nation’s leading providers of a range of medical revenue cycle management services including, among others, billing, coding, collections and patient satisfaction. For more than three decades, the Company has been providing innovative billing solutions to the medical community. Annually, MedData serves millions of patients across numerous medical specialties. MedData currently provides services to more than 3,000 physicians at 700 facilities across 40 states from its headquarters as well as offices in Grand Rapids, Mich., Roseville, Calif., Bellevue, Wash. and Peoria, Ill. For more information, please visit www.meddata.com.