FORT WAYNE, Ind.--(BUSINESS WIRE)-- MedOptima, an Indiana-based revenue cycle management firm that helps medical practices and hospitals optimize billing and profitability, has agreed to partner with Claritee, a Doylestown, Pa.-based firm, to provide advanced business intelligence software and services for independent and hospital-owned or affiliated physician groups. MedOptima, which currently uses ClariteeBI with its medical practice and hospital clients to improve revenue cycle analysis and enhance business performance, will now be able to provide physicians and hospitals located in Indiana, Michigan, and Ohio with a unique package of revenue cycle performance improvement consulting and solutions.
ClariteeBI is a business intelligence solution created specifically for hospitals, medical practices, and medical billing companies that operate in increasingly complex, highly regulated environments. Clinical, financial, and operational data can be difficult to collect due to disparate data sources and proprietary formats. ClariteeBI is designed to enable users to quickly and easily access current and historical data from across the enterprise to measure billing, revenue, payer performance, operational efficiency, and clinical outcomes.
MedOptima President Eric Beier, MD, MBA, says tools like ClariteeBI are absolutely necessary for hospitals and medical practices that have been hit hard by declining reimbursements, increasing regulations, and current and future changes mandated by healthcare reform.
“As with any business, better knowledge enables better decision making by healthcare providers,” explains Dr. Beier. “We reviewed a number of business intelligence tools, and ClariteeBI was simply the best in terms of its ability to pull and aggregate data from multiple systems and locations, ease of implementation, and how quickly users can create custom reports, scorecards and dashboards. With ClariteeBI, all data sets are updated daily, which is invaluable to executives and clinicians who rely on information to run medical practices.”
MedOptima has seen its consulting business grow dramatically in 2010 as a result of both the very challenging healthcare reimbursement environment, and because of MedOptima’s focus on helping medical practices and hospitals adopt best business practices to improve their revenue cycle efficiency and effectiveness. The company will use ClariteeBI to address issues such as payer performance analysis; accounts receivable management; employee productivity; physician productivity; key performance indicator monitoring and physician and practice benchmarking. The ability to access current and trend data will enable medical practices and hospitals to operate more efficiently and profitably.
As part of its collaboration with Claritee, MedOptima will also provide training and support on the ClariteeBI tool for medical practices and hospitals who desire to acquire this powerful technology.
Commenting on the agreement, Dan Hughes, managing director of Claritee, said, “We are very pleased to be aligned with MedOptima. Eric and his team are passionate about transforming the business of medicine for physicians and hospitals through the use of information technology, process improvement and tight metrics.”
Established in 2005, MedOptima is a strategic partner to medical practices, providing revenue cycle management, business consulting, and software hosting solutions. MedOptima is committed to helping single and multi-specialty medical practices optimize their profitability, compliance and overall business performance through the use of technology, leading business principles like lean manufacturing, and personal, professional service. MedOptima has two locations: Fort Wayne, Ind. (headquarters) and Merrillville, Ind. Learn more at www.MedOptima.net.
About Claritee Group
Established in 2000, Claritee offers business intelligence software and consulting services to healthcare providers. As a dedicated healthcare business intelligence firm, Claritee has deep experience helping clients realize the full value of their clinical and financial data. Learn more at www.ClariteeGroup.com.
Lux Strategic Communications
Melanie Lux, 505-819-8661
KEYWORDS: United States North America Indiana
INDUSTRY KEYWORDS: Technology Data Management Software Practice Management Health Hospitals General Health