Ingenious Med Reports Perfect PQRS Reimbursement Rate for 2013
ATLANTA--(BUSINESS WIRE)--Ingenious Med, provider of the premier patient encounter platform, an application that unifies communication, coding, revenue and business intelligence into a single solution, today reported that clients using its services as a Physician Quality Reporting System (PQRS) registry had a 100 percent reimbursement rate in 2013.
“But the record speaks for itself. We’ve earned a reputation for offering innovative solutions for complex issues, and we’re excited to continue down that road to ensure our clients’ practices are successful, whatever may come their way.”
This is the fourth consecutive year Ingenious Med’s PQRS clients had a perfect reimbursement rate from the Centers for Medicare & Medicaid Services (CMS).
“We are very proud to once again show that every one of our clients using our PQRS registry received reimbursement from CMS,” said Steven Liu, M.D., executive chairman and founder of Ingenious Med. “Not only are we excited to provide added value for our clients, we’re also proud of the large role we’ve played in this government drive for quality and data.”
Ranked among the top 10 registries by volume in 2013, Ingenious Med has one of the largest PQRS registries in the country. Moreover, Ingenious Med PQRS registry participants consistently beat the national averages in success, reporting and performance rates.
“As penalties have ramped up and practice margins have narrowed, more medical groups have become obligated to focus on PQRS,” Liu said. “Basically, not participating in PQRS now means groups are actively losing money.”
In addition to a perfect reimbursement rate, Ingenious Med Quality Reporting users tend to have a higher quality rating than the national average, according to 2011 CMS statistics.
“The landscape of healthcare is changing,” Liu said. “But the record speaks for itself. We’ve earned a reputation for offering innovative solutions for complex issues, and we’re excited to continue down that road to ensure our clients’ practices are successful, whatever may come their way.”
About Ingenious Med
Ingenious Med provides the leading patient encounter platform, a cloud based, Web and mobile point-of-care solution that automates the workflow of care teams in the areas of care coordination, charge capture, and advanced analytics. Ingenious Med develops useful, useable solutions to increase the quality of care, protect and bolster revenue, and most importantly of all, put physicians’ time where it is needed most: with their patients.
Founded in 1999 by a group of physicians that sought to use technology to address the unanswered needs of the healthcare providers with useable solutions, Ingenious Med stands today as an industry leader, serving more than 25,000 users in the nation’s leading healthcare facilities. www.IngeniousMed.com