News and Events
Medical Asset Management News & Events
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).