DALLAS, April 23, 2013 /PRNewswire/ -- RemitDATA Inc., the industry expert in reimbursement, utilization data and comparative analytics, has entered into a partnership with Greenway Medical Technologies, Inc., which delivers innovative software and business service solutions for healthcare providers through its PrimeSUITE electronic health record platform. The partnership enables enterprises, physician practices, clinics and other providers to have instant access to actionable reimbursement and productivity insights for immediate, peer-to-peer performance benchmarking as well as utilization compliance analysis through Greenway's PrimeDATACLOUD™ Remittance Intelligence service.
When combined with RemitDATA's comparative analytics solution, Greenway's cloud-based business services provide analytics that pinpoint problem areas and proactively identify financial trends with actionable insights into reimbursement, utilization and productivity. Providers and health systems can maximize efficiency by monitoring and analyzing staff productivity and payer performance, and can benchmark their performance in real time against peers by specialty and location, on both a national and state level.
"The partnership with RemitDATA and our Remittance Intelligence service continues to expand Greenway's comprehensive solutions for effectively managing today's complex provider environment," said Johnathan Samples, Greenway executive vice president of research and development. "Along with our electronic health record, clinically driven revenue cycle management service and other Greenway solutions, providers now have an even greater level of business intelligence at their fingertips to fully optimize reimbursement and utilization efficiency with fewer denials, improved contracting leverage, accelerated cash and reduced audit risks."
RemitDATA President Michael L. Sanderson stated that "Current healthcare reform legislation has ushered in an era of cuts in Medicare, decreasing reimbursement rates and a significant rise in the number of healthcare provider audits. The viability of practices today depends on having access to data that can red flag their performance as an outlier and provide the necessary documentation should an audit take place. Our solution is the only one of its kind that provides this level of business intelligence and comparative analytics proven to help physicians minimize reimbursement concerns and accelerate cash flow. We are pleased to partner with Greenway in their commitment to helping providers and practices access the business intelligence required to better manage their practice and improve financial and operational efficiencies."
Founded in 2000, RemitDATA Inc. helps more than 100,000 healthcare providers improve revenue and cash collections by identifying and correcting performance issues in the post-adjudication stage of the revenue cycle. The company provides a range of system-agnostic solutions with patented, proprietary technology offered in Software as a Service (SaaS) form for immediate value-added implementation, resulting in faster return on investment. The end result is more enlightened providers with better educated practice management teams, improved employee productivity and increased profitability. Based in Memphis, Tennessee and Plana, Texas, the company has enjoyed a more than 90 percent client renewal rate since its inception. For more information, please visit www.remitdata.com.
SOURCE RemitDATA Inc.