Partnership, product designed to help healthcare organizations lower billing compliance risk
NEWTON, Mass.--(BUSINESS WIRE)-- Today, Hayes Management Consulting, a leading healthcare consulting firm, and The Coding Network, LLC, a leading healthcare coding and auditing firm, unveiled a strategic partnership to provide a total audit and remediation solution to the physician practice management and compliance marketplace.
The partnership’s offering, MDauditComplete™ provides physician practices and compliance offices with skilled clinical auditors and access to Hayes’ MDaudit Professional software to more efficiently and effectively reduce billing compliance risk.
“MDauditComplete will identify a statistically valid cross-section of a practice’s service and assist with the coding accuracy evaluation process conducted by a team of auditors knowledgeable and sophisticated in each of 55 different clinical specialties,” stated Andrew Treanor, COO of Hayes Management Consulting. “Our two firms’ competencies create a turnkey solution that provides the coding quality and rigor currently demanded in healthcare.”
MDaudit Professional and its counterpart for acute care facilities, MDaudit Hospital, are used by healthcare organizations to increase audit production, streamline and standardize the compliance process and assess their exposure to risk. More than half of the “honor roll” organizations in US News and World Report’s Top Hospitals List are MDaudit clients.
The Coding Network, LLC, (TCN) has more than 300 certified coders and auditors, each focusing on the coding for a particular clinical specialty. TCN provides ongoing day-to-day coding, auditing, a specialty coding “helpline,” and provider training to physicians and ambulatory surgical centers (ASCs) in 49 states.
“TCN employees use MDaudit Professional remotely, avoiding the need to print/copy/email/fax thousands of documents to auditors each month,” reports Mark Babst, TCN’s President. “This dramatically increases their productivity.”
The concept for MDauditComplete™ was developed as the two companies found themselves working shoulder-to-shoulder with Mike Lynch, Corporate Compliance Officer at the University of Missouri School of Medicine’s multi-specialty faculty practice with more than 650 physicians.
“The results of our teamwork were phenomenally well received,” says Treanor, “It was a natural progression to offer our services as one seamless package.”
Hayes is ranked the Top Overall Professional Services Firm by KLAS (2007-2010) in the 2010 Top 20 Best in KLAS Awards: Software & Professional Services. Hayes improves healthcare with services and software designed to improve operational efficiency and effectiveness. Hayes consultants are subject matter experts in healthcare IT strategic planning, healthcare revenue cycle management, EHR and practice management system selection and implementation, ARRA / meaningful use preparation, ICD-10 migration and more. Hayes’ MDaudit™ compliance audit software helps clients reduce billing compliance risk. Visit our website, email us or call us at 617-559-0404 ext. 0 to learn more.
The Coding Network, LLC, (TCN) is based in Los Angeles and has 300 certified coders and auditors, all of whom live and work in the USA. Each specializes in coding for a particular clinical specialty. TCN provides ongoing coding, auditing, a specialty coding “helpline,” and provider training to physicians and ambulatory surgical centers (ASCs) in 49 states. TCN’s clients include 65 faculty practice plans, 168 medical billing companies, numerous integrated delivery systems, and hundreds of private practices.
KEYWORDS: United States North America Massachusetts
INDUSTRY KEYWORDS: Technology Data Management Software Practice Management Health Hospitals General Health