MediTract Unveils Coids(TM), Conflict of Interest Disclosure Statement Tracking System.Complementary Module to the TractManager([R]) System Creates Operational Efficiencies for Healthcare Organizations CHATTANOOGA Chattanooga (chăt'ən  `gə), city (1990 pop. 152,466), seat of Hamilton co., E Tenn., on both sides of the Tennessee River near the Georgia line; inc. 1839. , Tenn. -- MediTract, Inc., the leading contract management service provider exclusively serving the healthcare industry, today introduced the COIDS (Conflict of Interest Disclosure Statement) tracking system. The system creates operational efficiencies for healthcare organizations by automating the collection, distribution, submission and management of annual conflict of interest disclosure statements. A complementary module to the TractManager system, COIDS uses a centralized cen·tral·ize v. cen·tral·ized, cen·tral·iz·ing, cen·tral·iz·es v.tr. 1. To draw into or toward a center; consolidate. 2. database that manages multiple categories of statements with specific areas for compliance and the disclosure of outside interest and activities. Authorized au·thor·ize tr.v. au·thor·ized, au·thor·iz·ing, au·thor·iz·es 1. To grant authority or power to. 2. To give permission for; sanction: management users have continual, secure access to the database to review statements for possible conflicts, as well as being able to use the system to demonstrate control for accreditations and auditors AUDITORS, practice. Persons lawfully appointed to examine and digest accounts referred to them, take down the evidence in writing, which may be lawfully offered in relation to such accounts, and prepare materials on which a decree or judgment may be made; and to report the whole, together . The system will allow users to create reports by Category of Statement, Entity, Department/Practice, Status, Resolution, Fiscal Year, etc. "With the COIDS system, users can streamline workflow The automatic routing of documents to the users responsible for working on them. Workflow is concerned with providing the information required to support each step of the business cycle. and administrative processes, and it is the ideal solution for healthcare organizations in their effort to meet the latest Stark compliance requirements Compliance requirements are a series of directives established by United States Federal government agencies that summarize hundreds of Federal laws and regulations applicable to Federal assistance (also known as Federal aid or Federal funds). ," said Amy Dollarhide, vice president, client services, MediTract, Inc. "With immediate access to a centralized, secure database, some users have found that the turnaround time (1) In batch processing, the time it takes to receive finished reports after submission of documents or files for processing. In an online environment, turnaround time is the same as response time. for tracking Conflict of Interest Disclosure Statements has been up to five times faster than manual methods." MediTract's TractManager system provides healthcare managers and staff with direct, real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. access to all electronically stored contracts and other business-critical organizational documents. The COIDS tracking system is the first complementary module to launch for the TractManager system, with future module announcements planned for 2007. About MediTract, Inc. MediTract (www.meditract.com) is the leading contract management service provider exclusively serving the healthcare industry, and currently works with hundreds of hospitals and healthcare systems at thousands of locations nationwide. The company's solutions help healthcare professionals regain control of their contracts and reduce the cost of doing business by providing the tools necessary to improve management's visibility of contractual obligations, enhance compliance and streamline workflow. |
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