MEDICAL ASSET MANAGEMENT, INC.

Setting the Standard in Medical Coding Proficiency

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Subcategories from this category:News

October 08, 2015 – Medical Asset Management, Inc. (Atlanta, Georgia), the parent company of iRCODER.COM® recently signed an agreement with Mercy Health System (Ohio) to install its web-based software solution iRCODER.COM® in 30+ departments in fifteen (15) facilities throughout Ohio and Kentucky.  The charge capture application is being installed in the Cardiac Catheterization Lab, Interventional Radiology Suite and Endovascular Labs in the following locations before the end of 2015:

  1. Springfield Regional Medical Center (Springfield, Ohio)
  2. Mercy St. Vincent Medical Center (Toledo, Ohio)
  3. Mercy St. Anne Hospital (Toledo, Ohio)
  4. Mercy St. Charles Hospital  (Toledo, Ohio)
  5. St. Rita's Medical Center (Lima, Ohio)
  6. Mercy Tiffin Hospital (Tiffin, Ohio)
  7. Mercy Regional Medical Center (Lorain, Ohio)
  8. St. Joesph Warren Hospital (Warren, Ohio)
  9. St. Elizabeth Youngstown Hospital (Youngstown, Ohio)
  10. St. Elizabeth Boardman (Boardman, Ohio)
  11. Anderson Hospital (Cincinnati, Ohio)
  12. Fairfield Hospital (Cincinnati, Ohio)
  13. West Hospital (Cincinnati, Ohio)
  14. The Jewish Hospital (Cincinnati, Ohio)
  15. Lourdes (Paducah, Kentucky)

iRCODER.COM®, utilizes proprietary intelligence with Center for Medicare and Medicaid Services (CMS) guidelines for timely, accurate charging ofcertain high-dollar, complex hospital procedures (interventional radiology, cardiac catheterization, electrophysiology, vascular and non-vascular). The application is designed for use in the department by radiologic technologists or nurses to capture charges real-time or immediately after the procedure.  The use of the application provides an always-present unparalleled level of intelligence that is required in the department for accurate charging.  We have clients that have reported a base-line error rate of 84% before iRCODER.COM® and 5% after three months of use. Our goal is compliance and to revolutionize healthcare with smart technology," says Belinda Stanley-Majors, Principal of Medical Asset Management, Inc.

“We’re pleased that our iRCODER.COM® product met Mercy Health System’s requirements for a compliant, timesaving solution that promotes accurate charging, modernizes their workflow and reduces overhead costs. To remain a viable player in the healthcare arena requires hospitals to be forward thinking and no longer operating in the old-school processes of yesterday,” says Gary Burns, Principal of Medical Asset Management, Inc.

iRCODER.COM®, a division of Medical Asset Management, Inc. is headquartered in Atlanta, Georgia with hospital clients nationwide. For more information about this application, please visit www.ircoder.com.
 
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June 12, 2014 - Medical Asset Management, Inc. (Atlanta, Georgia), the parent company of iRCODER.COM awarded a 2014 Interventional Center of Excellence (ICE) Award to Grady Memorial Hospital (Atlanta, GA).  The ICE Award is an annual designation of outstanding achievement in a Cardiac Catheterization Lab, Interventional Suite, Endovascular Lab or Operating Room.  Award criterion is based on a hospital (department) exceeding an industry standard or expectation (e.g., quality, quantity, accuracy rating, compliance, best practices, etc.).

The Department of Radiology at Grady Memorial Hospital received the award for achieving a “95% accuracy rate” from a recent audit post implementation of iRCODER. Department of Radiology Business Manager Al Moses says, “The implementation of iRCODER has resulted in accurate and timely posting of our interventional radiology charges.  Prior to iRCODER, 8% of our monthly interventional radiology charges were posted late as a result of coding inaccuracies.  Moreover, the implementation enabled us to reduce our coding and compliance workforce; consequently, providing us with a personnel cost saving of $100k per year.”

The radiology department utilizes web-based iRCODER.COM® to capture charges at the point of procedure (POP). “Using iRCODER at the point of the procedure is revolutionizing the way hospitals behave in this ever changing regulatory environment.  The days of using hand printed charge tickets to check off procedures performed are a thing of the past.  Not only is the use of hard copy charge tickets labor intensive, it is also error prone.  It is virtually impossible to be compliant with Medicare guidelines utilizing a static sheet of paper for a specialty as dynamic as interventional radiology. There are various coding rules that cannot be captured on a check-off sheet.  The hospital of today needs intelligence at the point of procedure to allow the hospital department an opportunity to capture all services performed real-time and to charge these procedures compliantly,” says Belinda Stanley-Majors, Principal of Medical Asset Management, Inc.

iRCODER.COM®, utilizes proprietary intelligence, color-coded illustrations and Center for Medicare and Medicaid Services (CMS) guidelines for timely, accurate charging of certain hospital procedures (interventional radiology, cardiac catheterization, electrophysiology, vascular and non-vascular).

iRCODER.COM is headquartered in Atlanta, Georgia with hospitals nationwide. For more information about these products, please visit www.ircoder.com or www.piims.us.

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May 14, 2014 - Medical Asset Management, Inc. (Atlanta, Georgia), the parent company of iRCODER.COM awarded a 2014 ICE Award to Sharp Chula Vista Medical Center (San Diego, CA).  The ICE Award is an annual designation of outstanding achievement in a Cardiac Catheterization Lab, Interventional Suite, Endovascular Lab or Operating Room.  Award criterion is based on a hospital (department) exceeding an industry standard or expectation (e.g., quality, quantity, accuracy rating, compliance, best practices, etc.).

The Department of Radiology at Sharp Chula Vista Medical Center received the award for achieving and maintaining “Zero Expired Inventory.” Department Manager Deborah Romo says, “We have placed a lot of effort into iRCODER, which has helped us in reducing supply costs.  It has made a tremendous difference in managing our expired supplies.”

The radiology department utilizes web-based iRCODER.COM® and Procedure-Integrated Inventory Management System (PIIMS®) to manage inventory.  The tools available through these products allow the user to monitor expired and expiring inventory on a real-time basis (including associated costs of the expired or expiring products). 

Gary Burns, Principal of Medical Asset Management, Inc. says, “using this inventory tracking system allowed Chula Vista Interventional Radiology to avoid issues associated with expired inventory: inefficient management of supply purchases, waste and financial losses associated with inventory that cannot be used.  A hospital wants to avoid Joint Commission violations as well as legal issues that may be associated with carrying expired products on its shelves.”

PIIMS® inventory management system is an intelligence-based system that can be used as a stand-alone product or in conjunction with iRCODER.COM®. When both systems are used together, the intelligence built into both products will recognize when a device has been used in a procedure, but not charged.  Conversely, it will not allow a device to be charged if not used in a procedure. 

iRCODER.COM, utilizes proprietary intelligence, color-coded illustrations and Center for Medicare and Medicaid Services (CMS) guidelines for timely, accurate charging of certain hospital procedures (interventional radiology, cardiac catheterization, electrophysiology, vascular and non-vascular). PIIMS® (Procedure-Integrated Inventory Management System) is a comprehensive web-based inventory management system that sets and monitors par levels, tracks product details and usage to keep older products in proper rotation for immediate use. 

iRCODER.COM® is headquartered in Atlanta, Georgia with hospitals nationwide. For more information about these products, please visit www.ircoder.com or www.piims.us.

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