CareMedic Systems Announces the General Availability of Compliance Checking Version 8.New Version Ensures Regulatory Compliance, Enhances Productivity and Improves Reimbursement Reimbursement Payment made to someone for out-of-pocket expenses has incurred. ST. PETERSBURG, Fla. -- CareMedic Systems, Inc., a leader in proactive financial management for hospitals and providers today announced the general availability of the latest version of VerifyAR[TM] Compliance Checking. With this tool, hospitals can ensure compliance with medical necessity and other regulatory requirements Regulatory requirements are part of the process of drug discovery and drug development. Regulatory requirements describe what is necessary for a new drug to be approved for marketing in any particular country. prior to providing and billing for medical services. "The enhancements in Version 8 are in response to governmental mandates as well as customer requests," noted Sheila Schweitzer, chair and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CareMedic. "We've updated the product to support the new National Provider Identifiers National Provider Identifier Medicare A unique 8 character ID assigned by the National Provider System to providers/suppliers who bill for services or goods. See Medicare Identification Number, NSC, OSCAR, UPIN. (NPI NPI National Provider Identifier, see there ), which must be in use by May 23, 2007. At the same time, we've expanded product functionality to increase our customers' productivity and flexibility with relation to compliance checking." The release includes a number of enhancements to the Advanced Beneficiary Notification (ABN ABN Advance beneficiary notice, see there ) form, including an expansion reflecting fees and the addition of a Russian ABN along with the English and Spanish versions already in the product. Version 8 also allows the front-line patient accounting staff to generate separate or combined patient-specific ABNs, as well as general, laboratory or combined ABNs. Users can now inactivate in·ac·ti·vate v. 1. To render nonfunctional. 2. To make quiescent. in·ac  ti·va medical necessity checks and print summary
reports reflecting the reasons for the inactivations.
Productivity enhancements for the Compliance Checking administrator include departmental assignment and reporting capability. The Central Business Office (CBO CBO See: Collateralized Bond Obligation. ) administrator can also generate departments within a single facility or across multiple facilities, for enhanced reporting. In addition, Compliance Checking further increases productivity by including enhanced conditional links with which customers can create and link to their own medical necessity documentation. When Compliance Checking is used in conjunction with AccelerateAR[TM] MedicareRT[TM], CareMedic's real-time Medicare claims management solution, ABNs are automatically linked with the appropriate post-service claims to eliminate manual ABN matching, and a final medical necessity check is available prior to claim submission, for end-to-end compliance checking. About CareMedic Systems Founded in 1997, CareMedic Systems provides enabling technologies and outsourced services that move and manage critical data through the healthcare revenue cycle, ultimately improving cash flow and margins while reducing operational expenses. The company's fully integrated data management and workflow tools address revenue cycle activity from inception through claims resolution, and require manual intervention only when necessary. CareMedic is committed to consistently delivering results to its customers. For additional information, visit www.caremedic.com. |
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