BIRMINGHAM, Ala., Feb. 15, 2016 /PRNewswire/ -- According to a recent customer analysis, Vincari has an 86% adoption rate for Lightspeed Valet, the virtual assistant for surgeons and proceduralists to reach 100% Joint Commission compliant and ICD-10 specific operative reports. Vincari currently leads the market in providing proceduralists the "virtual" assistance needed to document effectively under the new CMS and other payor programs.
Vincari Supports Value-Based Physician Payment and PQRS
Traditionally, physicians are reimbursed based on volume. However, Value-Based Payment Models are quickly replacing old reimbursement systems. Future reimbursement will be driven by "Value." Value is defined as high clinical quality and low cost. While CMS is currently determining quality based on Physician Quality Reporting System (PQRS) metrics, they are also determining appropriate cost based on burden of illness and patient acuity. Vincari provides a vehicle for surgeons to easily illustrate their patients' health burden, thus demonstrating the value they deliver.
Lightspeed Valet's Value to Physicians and Hospitals
Vincari believes if you provide value to physicians, everyone wins. Lightspeed Valet delivers value to physicians by supporting immediate pro-fee billing, preserving personal physician context, learning practice behavior, reducing repetitive tasks, and improving referral management. The platform delivers value to hospitals by improving documentation at the pivot point of healthcare delivery—the procedure. The results benefit both physicians and hospitals: increased surgical CMI (7.7% average), operational efficiencies for CDI and Coding, AR time, Joint Commission compliance, and quality data collection.
Consequences from a Surgeon's Perspective
"All physicians should consider the changes occurring in medical reimbursement models. By increasing the number of measurements surrounding every aspect of care, insurance companies will select the most cost-effective options. Value-Based Care Reimbursement models are growing amongst major insurance plans. Primary care physicians will be "rewarded" for referrals to a narrower network. As a specialist, being part of the narrow network will drive income. Failing to understand how measurements are created is financially fatal."
– Dr. Lucian Newman III, General Surgeon in Gadsden, Alabama
Headquartered in Birmingham, Alabama, Vincari helps surgeons remain surgeons by providing a cloud-based rules engine and real-time querying virtual assistant (Lightspeed Valet) to complete operative reports with 100% Joint Commission compliance and ICD-10 specificity and ensure proper reimbursement while protecting physician and hospital reputations. For more information visit www.vincari.com.