|By Business Wire||
|February 24, 2014 09:04 AM EST||
Ingenious Med, provider of the nation’s most robust charge and data capture solution, has expanded its offering, introducing an expanded technological solution that improves quality, lowers cost, and increases revenue for healthcare enterprises.
The company announced the product launch and expansion today at HIMSS14 in Orlando, Fla.
The platform, One by Ingenious Med (IM1), dramatically expands Ingenious Med’s award-winning revenue capture and data analytics solutions with new care coordination and communication functionality into a single platform, offering greater quality, higher efficiency and maximized revenue to its customers.
IM1 is the first patient encounter platform (PEP) providing care coordination and patient management functionality to the acute and sub-acute care spaces. With this product and direction, physician practices and healthcare enterprises can increase quality, lower costs and generate revenue as organizations move towards value-based reimbursements by strategically addressing:
- Care coordination and communication
- Quality enhancement and cost reduction
- Coding, compliance, and documentation
- Revenue cycle management
- Data analytics and business intelligence
“Ingenious Med has a remarkable physician footprint where we’re imbedded in their daily patient workflow. Providing them and their care-teams with cost-reduction solutions and actionable data at the point of care was a logical next step for our platform’s expansion,” said Dr. Steven Liu, founder and chairman of Ingenious Med. “Now, providers have the collaboration tools they need to truly align with their organization’s goals and make a measurable impact on hospital stays, readmissions and cost-per-case.”
Ingenious Med remains dedicated to its software as a service model, retaining its fast implementation, easy integration with future and legacy systems (billing providers, EMRs, etc.), and continuous development for its expansive customer base.
“We, as a country, are using 18 percent of our GDP to cover the costs of healthcare. It doesn’t have to be that way. Improving quality to reduce costs while creating successful revenue streams is not only possible they’re tightly related,” said Hart Williford, CEO of Ingenious Med. “We’re approaching the problem head on. We provide the solution for current payment models, there’s no question, but we’re also ready for anything the future brings for our clients.”
About Ingenious Med
Founded in 1999 by a group of physicians that sought to use technology to address the unanswered needs of the healthcare providers with useable solutions, Ingenious Med provides an award-winning platform that automates the workflow of care teams in inpatient and outpatient environments across the country.
Ingenious Med stands as an industry leader in the revenue and data capture space, and continues to do so, serving more than 25,000 users in the nation’s leading healthcare facilities. Now, fifteen years after its foundation, Ingenious Med continues to break new ground under the leadership of its founder, Dr. Steven Liu, developing useful, useable solutions to increase the quality of care, protect and bolster revenue, and most importantly of all, put physicians’ time where it is needed most: with their patients.
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