Revenue Cycle Performance Dashboard from CareMedic Systems Now Offers Commercial Claims Performance Indicators.

With thoughtfulness to best practices and ease of use, the Web-based dashboard can deliver one integrated view across all payer types

ST. PETERSBURG, Fla. -- CareMedic Systems, Inc., a leader in proactive financial management for hospitals and providers, today announced its revenue cycle performance dashboard now offers key performance indicators (KPIs) related to commercial payer claims processed by the company's AccelerateAR[TM] Claims Management solution. The company earlier introduced the dashboard fully integrated with MedicareRT[TM], the company's industry-leading Medicare real-time direct entry solution. Now, for hospitals using CareMedic solutions for both government and commercial claims, the revenue cycle performance dashboard offers unmatched visibility into claims activity and operational performance across all payer types. The seamless data integration of the two solutions also enables unique dashboard benchmarks, including trending of claims errors, overall error rate and lapse days between discharge to claim submission.

"With the integrated MedicareRT and Claims Management dashboard, I can now see my entire billing cycle in one glance," said Pamela Abbott, director, patient financial services, Bethesda Memorial Hospital. "The system allows us to prioritize key indicators, and automatically sends us an alert when there is a performance variance--which saves time on a daily basis. It's great to be able to quickly see what is going on in the billing area without reading through different reports."

The revenue cycle performance dashboard is designed to replace the manual labor and time involved in reviewing flash reports healthcare management has relied upon traditionally to reconcile and track key benchmarks of organizational productivity and financial performance.

With alerts and advanced analytics, CareMedic's revenue cycle performance dashboard gives users at all levels an easy-to-use, yet powerful decision support tool to review and quickly act upon information related to billing performance, denial management, accounts receivable, and more. KPIs contain summary level and detailed views, including drill down capabilities to specific health plans, by aging category, for example, as well as views into individual patient accounts.

The dashboard also offers standard chief financial officer, patient financial services management and billing manager views designed around these roles and responsibilities. Each user can further personalize the views according to individual preferences and priorities.

"The dashboard addresses a common challenge for our customers and offers significant advancement over the labor required to collect, analyze, and validate the data delivered in a flash report," said Sheila Schweitzer, chairperson and chief executive officer of CareMedic Systems. "The rich business intelligence and usability we've built into this application is based squarely on the needs of our customers to improve their billing efficiencies. We're helping them move from a method of reactively addressing issues to proactive insight and management by exception, which in turn can facilitate prevention of serious revenue cycle problems before they occur."

The revenue cycle performance dashboard complements CareMedic's four point-of-management solutions - MediCareRT, Claims Management, SecondaryGold[TM], and the electronic Financial Record[TM] applications. CareMedic introduced integrated dashboard views of its SecondaryGold solution in May 2007. Dashboard views of the eFR application are planned for general availability in fall 2007.

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.