WARREN, N.J., Jan. 28, 2016 /PRNewswire/ -- AdvantEdge Healthcare Solutions ("AdvantEdge"), one of the nation's leading providers of medical billing, practice management, and coding services for specialty physicians, hospitals, behavioral health facilities and surgery centers, today announced results of its "Total Confidence" approach to medical billing and coding, demonstrating that its standards go "above and beyond" those of most firms in the industry. As a result, healthcare providers have confidence that their financial results meet the most rigorous standards. AdvantEdge will discuss its Total Confidence approach to medical billing and coding at PRACTICE MANAGEMENT 2016 later this week in San Diego.
Aspects of AdvantEdge's Total Confidence approach include SSAE16 SOC 1, Type II compliance, a complete HIPAA security assessment and a comprehensive compliance plan. Companies that complete an annual SOC 1 examination are able to demonstrate a substantially higher level of assurance and operationally visibility than those companies that do not. The completion of the SOC 1 Type 2 examination typifies AdvantEdge's ongoing commitment to create and maintain the most stringent controls needed to ensure the highest quality and security of services provided to its customers.
In addition, AdvantEdge has a third-party HIPAA security audit conducted of its operations on an annual basis. For the past three years, AdvantEdge's audit results demonstrate that its operations meet the rigorous data security requirements of HIPAA and the HITECH act.
The AdvantEdge compliance plan proactively embraces all seven core strategies that enable healthcare providers to ensure compliance with regulations and avoid serious risks and penalties. The seven core elements and actions in the AdvantEdge compliance plan include:
- Compliance officer
- Written plan (policies and procedures)
- Training and education
- Lines of communication
- Auditing and monitoring
- Exception/incident procedures
- Response and corrective action
"Taken together, these strategies proactively respond to regulations and provide improved communications, quality, and potentially lower costs," said David Langsam, President & CEO. In addition to its own comprehensive compliance plan, AdvantEdge offers a wide variety of compliance services to its clients, including an Internet-based compliance training program. (Please download this fact sheet for more information.)
"The AdvantEdge Total Confidence approach means that regulatory and HIPAA compliance is assured while, at the same time, daily operations achieve the highest financial performance for physician practices, hospitals, ambulatory surgery centers, and behavioral health agencies," said Mr. Langsam.
About AdvantEdge Healthcare Solutions
AdvantEdge is a technology-enabled provider of healthcare business management solutions and business intelligence tools that substantially improve decision-making, maximize financial performance, streamline operations, and eliminate compliance risks for healthcare providers. AdvantEdge continues to gain meaningful scale through organic growth and strategic acquisitions, having completed seven since 2007. AdvantEdge is recognized as one of the top 10 billing, coding, and practice management companies in the U.S.; has more than 500 employees in eight regional offices in the U.S. and one office in Bangalore, India; and collects over $1 billion annually for its physician and hospital clients using its own proven technology. AdvantEdge clients include hospital-based physicians, hospitals, ambulatory surgery centers, behavioral health agencies and large office-based groups. AdvantEdge is backed by major investors Safeguard Scientifics (NYSE: SFE) and Founders Equity. For more information about AdvantEdge, please visit our website at www.ahsrcm.com, "like" us on Facebook, or follow us on Twitter at @DoctorBilling.
SOURCE AdvantEdge Healthcare Solutions