SPRINGFIELD, Mo., March 15, 2011 /PRNewswire/ -- TrustHCS(SM), an HIM, compliance and revenue cycle consultancy firm for healthcare providers, announces its partnership with RemitDATA™ to utilize TITAN in their physician services practice. Practices and clinics nationwide use TrustHCS's consultants to help reduce denials, hasten reimbursement and improve staff productivity. The company provides comprehensive billing, coding, compliance and reimbursement services ranging from simple process assessments, coding services and physician education to complex workflow re-engineering. The announcement was made by Torrey Barnhouse, CEO for TrustHCS.
"Our partnership with RemitDATA brings a set of critical business analytics tools and transparency to physician clinics and groups; most importantly the ability to break down adjudicated claims data and compare performance at local, regional and national levels in real-time," states Barnhouse. "Equipped with this type of business intelligence, groups can identify specific billing issues from the daily remittance advice, maximize profitability and better compete for accountable care organization (ACO) contracts," mentions Deborah Robb, BSHA, CPC, Director of Physician Services at TrustHCS.
Through the partnership, TrustHCS clients gain access to the most statistically valid sampling available with data accumulated from RemitDATA customers and partners over the course of a decade. The information is derived from approximately 25 percent of the electronic remittances processed in the United States, encompassing 300-350 million notices per year. In addition to business analytics, RemitDATA's application simplifies the denial management and reconciliation process, and will be offered as an integral part of TrustHCS's consulting service engagements.
"We are pleased to include TrustHCS among our growing list of business partners, particularly in the acute care sector," said Michael Sanderson, president of RemitDATA. "The combination of TrustHCS' expert billing knowledge with our innovative technology will bring unprecedented transparency to billing, revenue cycle and practice performance issues for Health Systems.
TrustHCS is a health information management (HIM) services and revenue cycle consultancy firm for healthcare providers. TrustHCS effectively manages and protects the revenue integrity of health providers through affordable, on-demand remote coding, coding compliance, audit, cancer registry and educational services. With hospital, clinic and physician practice customers nationwide, TrustHCS ensures correct clinical coding, delivers effective coding compliance programs, conducts audits and supports cancer registries. For more information, visit www.trusthcs.com or call (417) 299-5069.
Founded in 2000, RemitDATA Inc. helps more than 75000 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-add implementation, resulting in a 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, Tenn. and Dallas, Texas, the company has enjoyed a more than 90-percent client renewal rate since its inception. For more information, please visit www.RemitDATA.com.
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