ATLANTA, Jan. 28, 2015 /PRNewswire/ -- Medical Asset Management, Inc. (Atlanta, Georgia), the parent company of iRCODER.COM® recently signed an agreement with Hamilton Medical Center (Dalton, Georgia) to install its web-based software solution iRCODER.COM® and Procedure-Integrated Inventory Management System (PIIMS®) in its Cardiac Catheterization Labs, Electrophysiology (EP) Labs, and Hybrid Suite.
PIIMS® is an intelligent inventory management system that allows the hospital to truly manage inventory. Like most inventory management systems, it tracks the use of inventory, monitors expired and expiring products on a real-time basis (including the associated costs of the expired or expiring products) and tracks model and lot numbers for quick identification of recalled products. Unlike these same inventory management systems, PIIMS® also includes comprehensive cost-tracking intelligence. Hospital staff now has immediate access to the dollar value of its inventory.
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).
When both systems are used together, the intelligence built into both products recognizes 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.
"We're pleased that our iRCODER.COM product met Hamilton's requirements for a compliant, time-saving solution that supports accurate charging, modernizes their workflow and reduces overhead costs. Healthcare reform is requiring hospitals to be more efficient in billing and our software is Medicare compliant and reduces the billing cycle, which results in timely reimbursements," says Belinda Stanley-Majors, Principal of Medical Asset Management, Inc.
Gary Burns, Principal of Medical Asset Management, Inc. says, "Using this inventory tracking system allows a hospital 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 associated with carrying expired products on its shelves."
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®, a division of Medical Asset Management, Inc. is headquartered in Atlanta, Georgia with hospital clients nationwide. For more information about these products, please visit www.ircoder.com or www.piims.ircoder.com.
SOURCE Medical Asset Management, Inc.