ST. PAUL, Minn.--(BUSINESS WIRE)--Panacea Healthcare Solutions, Inc., a company specializing in healthcare coding, compliance, reimbursement and financial systems and services, today announced that it has launched a new solution for ICD10 auditing and continuous improvement. I10Focus™ combines web-based technology with ongoing consulting and technical support to facilitate the initial and continued focused auditing of ICD10 coded records to monitor and ensure continuous improvement in coding and clinical documentation.
I10Focus™ allows hospitals and health systems to swiftly analyze 100% of their records, using the power of technology and artificial intelligence, to identify those having the highest probability for coding, compliance, documentation and revenue risk and opportunity to facilitate focused reviews. This process, which is more effective than conducting traditional random internal audits, also includes customized training programs and continuous quarterly monitoring and identification of trends against baseline review results.
Frederick Stodolak, CEO at Panacea Healthcare Solutions stated, "With the ICD10 implementation heavy lifting now behind our clients and given the increased importance of coding and documentation under value based purchasing payment methodologies, we are proud to introduce I10Focus at the right time and at the right place. I10Focus™ allows our clients to introduce a fresh and progressive approach to their ongoing ICD10 learning and improvement processes."
Kim Charland, Senior Vice President, Clinical Innovation and co-host of ICD10monitor’s Talk Ten Tuesday stated, “We are excited to provide a tool that allows clients to write their own rules and combine them with rules that already exist in our library to create their own custom audit programs. We have designed the system so that rules found in our library are not `black box' rules but instead are rules that clients can view and understand and edit, if needed, to meet their needs and reduce the incidence of false positives.”
Panacea will showcase this innovative solution at Noon on Tuesday, October 18th at the AHIMA National Convention (Theatre G) via the presentation “Identify Risks and Opportunities on 100% of Your Coded Cases Using the Power of Technology,” presented by Kim Charland, and also available at Booth number 920.
Hospitals can also register at www.I10focus.com to receive an on demand demonstration.
ABOUT PANACEA HEALTHCARE SOLUTIONS
Panacea Healthcare Solutions, Inc. (www.PanaceaInc.com) with offices in Minnesota, New Jersey, and Florida provides expert coding, compliance, and financial advice and information technology to improve bottom line performance to thousands of healthcare providers, and other clients each year.