ProVation MD Software Earns ''2005 Best in KLAS'' Honors; Named Number One in Clinical Procedure Documentation Category of Year-End Report.MINNEAPOLIS -- ProVation Medical, Inc., provider of procedure documentation, coding and workflow software, announced today that it has been designated Number One in the Clinical Procedure Documentation category of KLAS' 2005 Year-End Top 20 Report. KLAS KLAS Keystone Library Automation System Enterprises, an independent healthcare IT vendor research firm, recognizes healthcare vendors for their leadership in working with customers to ensure satisfaction. This is the first year that Clinical Procedure Documentation received its own category. ProVation(R) MD software for multi-specialty procedure documentation and coding compliance replaces dictation/transcription and streamlines the coding and billing process. Driven by deep medical content, ProVation MD allows clinicians to quickly and completely document medical procedures and apply the appropriate CPT CPT See: Carriage Paid To and ICD ICD International Classification of Diseases (of the World Health Organization); intrauterine contraceptive device. ICD abbr. codes, as well as CCI CCI Chambre de Commerce et d'Industrie (France) CCI CAM (Complementary and Alternative Medicine) Citation Index CCI Chamber of Commerce and Industry (Western Australia) edits. ProVation MultiCare software delivers multispecialty perioperative perioperative /peri·op·er·a·tive/ (-op´er-ah-tiv) pertaining to the period extending from the time of hospitalization for surgery to the time of discharge. per·i·op·er·a·tive adj. documentation, streamlining workflow by intelligently reusing data at various points while automatically retrieving data from multiple IT systems. The "Best in KLAS" ranking measures performance based on customer surveys and in-depth interviews and gauges insight into specific strengths, weaknesses and future expectations for companies and their products. This annual recognition assists medical facilities in providing an unbiased and accurate vehicle for measuring performance in the healthcare industry, allowing for further understanding of how well suppliers and products perform. "As a company, ProVation Medical is committed to developing and supporting clinical documentation and coding solutions that are second to none," said Arvind Subramanian, Chief Executive Officer, ProVation Medical. "From our in-house development team of physicians and coders to our product development and software engineering departments to our account managers and customer support, we are focused on providing the best product and the best possible service." Wolters Kluwer Wolters Kluwer N.V. (Euronext: WKL) is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. , a leading multinational publisher and information services See Information Systems. company, recently announced its acquisition of ProVation Medical. ProVation Medical will become part of Wolters Kluwer Health's Clinical Tools unit, which provides embedded content tools to pharmacies, hospitals, insurers and healthcare vendors. "ProVation will continue to serve our customers with world class products and services," continued Subramanian. "Our combined capabilities will create one of the most comprehensive portfolios of medical content across the many points-of-care at a time when organizations are looking to realize the full potential of their EMR (ElectroMagnetic Radiation) The emanation of energy from everything in the universe. Although the EMR from electrical and electronic devices is typically measured for practical, every-day situations, every object, including humans, emanates energy. investments." About KLAS Enterprises Founded in 1996 and based in Orem, Utah Orem is an incorporated town in the north-central part of the state of Utah in Utah County. It is adjacent to Provo, Lindon, and Vineyard and is about 45 miles south of Salt Lake City. As of the 2000 census, the city had a total population of 84,324. , KLAS (www.healthcomputing.com) is the only research and consulting firm specializing in monitoring and reporting the performance of healthcare's information technology (HIT) vendors and professional services firms (PSFs). Its staff and advisory board average 25 years of healthcare information technology experience. KLAS, in concert with thousands of healthcare executives, CIOs, directors, managers and clinicians has created a dynamic database of information on the performance of both HIT vendors and PSFs. The KLAS database represents the opinions of healthcare executives, managers and clinicians from over 4,500 hospitals and 2,500 clinics on more than 300 vendors, 500 products and 35 professional services firms. About ProVation Medical, Inc. ProVation Medical, Inc. (Minneapolis, MN), a leading healthcare software and services company, provides solutions that significantly enhance revenue and decrease costs per medical procedure. Hospitals and Ambulatory Surgery Centers ambulatory surgery center A free-standing center that performs various types of surgery that use ProVation Medical software (1) improve their coding accuracy resulting in a 5-25 percent improvement in reimbursement for their medical procedures, (2) eliminate transcription costs, and (3) consolidate and simplify all the major financial, clinical and administrative tasks that accompany each procedure. ProVation MD/MultiCare software replaces inefficient dictation/transcription processes, producing complete, billing-ready, image- and diagram-enhanced documentation for multi-specialty clinical procedures. Through an innovative "Anticipatory Interface(R)", the software links deep medical content designed by ProVation's in-house 12-member physician and coding staff to compliant CPT/ICD/CCI-edit reimbursement codes, producing a comprehensive operative note. The result is coder-ready documentation delivering compliance, proper reimbursement, and shortened days in Accounts Receivable accounts receivable n. the amounts of money due or owed to a business or professional by customers or clients. Generally, accounts receivable refers to the total amount due and is considered in calculating the value of a business or the business' problems in paying with an ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). ranging from 25-200% and payback within 12-20 months. For more information, go to www.provationmedical.com. (C) 2006 ProVation Medical, Inc. All Rights Reserved Anticipatory Interface, Clinical Productivity by Design and ProVation are trademarks of ProVation Medical, Inc. |
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