Spring 2019 Medical Practice Management
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The Only Complete Technology Platform for Your Independent Practice
The only complete technology platform for your independent practice. Learn how Kareo helps practices thrive. What’s Inside We believe independent practices Who is Kareo? ......................................................................................................2 are in the best position to provide the personalized, results-oriented, Introducing the Kareo Platform ......................................................................3 and cost effective care that people Kareo’s Integrated Modules ..............................................................................4 demand and deserve. Kareo Clinical ........................................................................................5 Kareo Billing ..........................................................................................7 Dan Rodrigues Founder and CEO of Kareo Kareo Engage ........................................................................................9 Kareo Platform Extensions .......................................................................11 Kareo Telehealth .........................................................................................13 Kareo Analytics ............................................................................................15 Kareo Patient Collect ................................................................................17 Kareo Patient Statements ........................................................................19 Kareo Marketplace .....................................................................................21 -
Healthcare Industry Highlight: Revenue Cycle Management
Industry Highlight: Revenue Cycle Management Q1 2019 RCM Overview Intelligent, Automated Workflow Patient Access Claims Management RCM intelligently automates the complex tasks of the front and back office, optimizing: Case Management ✓ Patient encounters and consolidation of REVENUE records Charges & CYCLE ✓ Participation in value-based programs to Reimbursement generate maximum revenue ✓ Claims management, accounts receivable and claim resubmission Clinical ✓ Medical practice workflow, reducing Documentation redundant staff effort Medical Coding Increasing complexity in medical coding and rising healthcare costs make RCM an essential tool to maintain cash flow and stay solvent 1 RCM Market Size and Outlook The global RCM market is projected to grow to $65.2BN by 2025 from $23.6BN in 2016, a nine-year CAGR of 12.0% Value of Global RCM Market ($USD in BN) $80 Facing tight margins, time-consuming 60 regulation and enormous waste in the healthcare system, medical practices 40 are looking for adaptable solutions to streamline workflow, generating 20 significant drive in the RCM market 0 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 $23.6BN $16.5BN 40% Value of global RCM market in Estimated hospital spend on Percentage of RCM end-user market 2016 external RCM by 2020 constituted by physicians’ offices 12.0% $6.7BN 3-5% CAGR through 2025 Annual provider spend on Hospitals’ lost revenues due RCM to RCM errors 2 Source: CMS NHE Projections , Grandview Research, MicroMarketMonitor, HFMA Inefficiencies RCM Can Help Solve Key Industry Trends: -
Selecting the Right EHR for Your Practice
Selecting the Right EHR for Your Practice EHR 1 EHR 2 kareo.com TheThe purchasepurchase and implementation ofof anan electronicelectronic healthhealth record record system system (EHR)(EHR) isis nono smallsmall feat—especially forfor smallsmall practices,practices, whowho frequently frequently have have limited resources, staff, and capital to invest. limited resources, staff, and capital to invest. According to a recent study conducted by AmericanEHR, nearly 40 percent of physicians would not recommend their EHR According to a recent study conducted by AmericanEHR, nearly 40 solution to another provider; only slightly fewer said they would percent of physicians would not recommend their EHR solution to not purchase the same software again. another provider; only slightly fewer said they would not purchase the “Digital“Digital technologies technologies that that enable enable same software again. real-timereal-time claims claims management management and Conversely, in a study conducted this year by an EHR vendor, payment,and payment, automate automate dictation and the approximately 60 percent of physicians who are satisfied see Conversely, in a study conducted this year by an EHR vendor, the coding,dictation and and improve coding, physicians’ and improvements to care and workflow. What makes the difference? approximately 60 percent of physicians who are satisfied see communicationimprove physicians’ with each other Those physicians who get the most out of their EHRs carefully improvements to care and workflow. What makes the difference? Those andcommunication with patients withcould each lower other physiciansconsidered who the get products, the most the out vendors, of their EHRs the implementation,carefully considered the the overheadand with costs patients and could enable lower more products,training they’d the vendors, require, the and implementation, how the EHR thewould training be used they’d on require, a efficientoverhead practice.” costs and enable andday-to-day how the basis.EHR would be used on a day-to-day basis. -
This Is the 19Th Annual Sohn Investment Conference. the First
This is the 19th Annual Sohn Investment Conference. The first time Ispoke here was in 2002. It is amazing how this great event has grown, and I am honored to be here. 1 2 A couple weeks ago, we wrote in our quarterly letter that we believe that a narrow group of cool kid stocks have disconnected from traditional valuations and formed a bubble. This got a lot of criticism. Half the critics thought we were talking our book, even though we didn’t name names. The other half were upset that we didn’t tell them which stocks we were short. Since we can’t seem to please anybody, I’ve decided to validate both criticisms. Today, I’m going to illustrate the bubble basket doing a deep dive into one of the companies, while not disclosing the others. This company is an excellent company with an excellent product, run by a well‐meaning and honest, though occasionally promotional CEO. The world may be a better place if it succeeds, and even though we are short, I am in no way rooting for it to fail. Its main problem is that it isn’t positioned to succeed the way the bulls hope, as the assumptions the bulls are making are not plausible. The stock is simply at the wrong price. It’s caught up in a bubble and could easily fall 80% or more from its recent peak. Let me introduce you to athenahealth. 3 I think athena deserves a smaller capitalization, and I’m not just referring to how it fails to capitalize the first letter of its name. -
Kareo User Manual
Kareo User Manual Table Of Contents 1. GET STARTED ............................................................................................................................................................................................. 1 1.1 Installation ................................................................................................................................................................................... 1 1.1.1 System Requirements .........................................................................................................................................................................1 1.1.2 Download and Install Kareo ............................................................................................................................................................. 2 1.1.3 Software Updates ............................................................................................................................................................................... 2 1.2 User Login .................................................................................................................................................................................... 3 1.2.1 Kareo Login with User ID/Password ............................................................................................................................................... 3 1.2.2 Password Change ............................................................................................................................................................................... -
MENTAL HEALTH EMR SOFTWARE May 2017
MENTAL HEALTH EMR SOFTWARE May 2017 ¨ CONTENTS 4 Introduction 6 Defning Mental Health EMR Software 7 The Quadrant 8 Mental Health EMR FrontRunners Index 32 Runners Up 35 Methodology Basics FRONTRUNNERS 9 NextGen Healthcare 10 Intelligent Medical Software 11 Kareo 12 AdvancedMD EHR 13 PrognoCIS 14 drchrono 15 MediTouch EHR 16 NueMD 17 Compulink 18 Antworks 19 RxNT Suite 20 Sevocity EHR 21 SOAPware 22 Azalea Health 23 ReLiMed 24 EHR 24/7 25 InSync EMR 26 CureMD 27 Valant 28 TotalMD 29 CareLogic Enterprise 30 ICANotes 31 PIMSY INTRODUCTION his FrontRunners analysis is a data-driven Tassessment identifying products in the Mental Health EMR market that ofer the best capability and value for small businesses. For a given market, products are evaluated and given a score for the capability (x-axis) and value (y-axis) they bring to users. FrontRunners then plots the top 25-30 products in a quadrant format. In the Mental Health EMR FrontRunners graphic, the Capability axis starts at 2.80 and ends at 4.40, while the Value axis starts at 3.00 and ends at 4.60. To be considered for the Mental Health EMR FrontRunners, a product needed a minimum of 10 user reviews, a minimum capability user rating score of 2.5 and a minimum value user rating score of 2.0. In most cases, we evaluate hundreds of products and feature 20-25 as FrontRunners; all products that qualify as FrontRunners are top performing products in their market. MAY 2017 4 I NTRODUCTION Each product falls within a designated quadrant based on their axis scores. -
LECO RCM Health IT Data Analytics Quarterly Update Q1 2015
Q1 2015 M&A Update RCM, Healthcare IT, Data, and Analytics Healthcare Cybersecurity Patients are demanding more convenient and personal care. Healthcare IT has changed the way that doctors and patients interact. It allows patents to track their own health and generate data that was previously not available to care providers. In addition, health information exchanges are being created to enable access to electronic medical records across the healthcare industry. As the patients’ personal healthcare information becomes digital, cybersecurity threat is an increasingly important issue in the healthcare industry, especially as incidents such as the Anthem and Premera data breaches show that organizations of any size could be a target. The chart below shows the breakdown of detected incidents in the healthcare industry. As seen, 70% of the companies in the industry have some forms of incident. In 2014, the number of respondents in the healthcare industry who reported to the U.S. State of Cybercrime Survey indicated that unintentional exposure of private or sensitive information was 83% higher than overall respondents. This is a very critical shortcoming for a highly regulated industry that deals in sensitive personal information. Source: PwC The Protecting Cyber Network Act (PCNA)1, passed by a 307-116 bi-partisan vote in early April, states that it will “improve cybersecurity in the United States through enhanced sharing of information about cybersecurity threats.” This act will significantly increase the National Security Agency’s (NSA) access to personal information, and authorize the federal government to use that information for various purposes unrelated to cybersecurity. The broad and ambiguous language in the act cause concerns from various civil liberties groups. -
4 STEPS to Building and Managing Your Practice's Online
to Building and Managing 4 STEPS Your Practice’s Online Reputation kareo.com Table of Contents YOUR ONLINE REPUTATION MATTERS 03 STEP 1: Enhance Your Website 05 STEP 2: Engage Patients on Social Media 07 STEP 3: Own Your Online Listings 10 STEP 4: Be Responsive and Current 11 2 | 4 Steps to Building and Managing Your Practice’s Online Reputation Your Online Reputation Matters According to research conducted by Software Advice, the number of patients using online review sites and searching for medical providers online is growing. In 2019, only six percent of those surveyed said that they didn’t use online reviews to evaluate physicians. Here are some other key findings: • Seventy two percent of patients use online reviews as their first step in searching for a new healthcare provider. This is a dramatic increase from 2013, when only 25 percent of patients said they used online reviews to evaluate doctors. • If your practice has a positive review history, nearly half of the patients Whether you know it or not, you have an online presence (take this out of the surveyed said that they would visit an out-of-network provider that had positive reviews if they felt they would receive better care from separate box). And it may be growing without any input from you. It’s time to that practice. take control of your online presence, engage with patients online, and manage • Seventy percent of survey participants felt that it was very or your reputation. When you do, you’ll be able to: moderately important for a healthcare provider to publicly respond • Improve your online reputation to a negative online post or review. -
Vendor Functionality Matrix January 2017 an Independent Licensee of the Blue Cross and Blue Shield Association
Vendor Functionality Matrix January 2017 An Independent Licensee of the Blue Cross and Blue Shield Association Readiness Validated Claims Transactions (5010) 837 Professional 837 Institutional Remit Transactions (5010) 835 Professional 835 Institutional Vendor Name Real-time Transactions (5010) 27x Proprietary Real-time Messages (5010) AB50 - Summary Plan Description AB80 - Social Security Number Request Ax20 Payment History Vendors with Electronic Connectivity 2K Medical Billing Systems 3 3 Capability to Blue Cross and Blue Shield of Alabama Allscripts 3 3 Anesthesia Business Consultants 3 3 3 Blue Cross and Blue Shield of Alabama does not endorse any one vendor over the other. This AnviCare 3 3 matrix is merely a record of vendors that have Athenahealth 3 3 3 met the technical requirements for Blue Cross connectivity and information exchange. Automated Medical 3 3 3 Availity 3 3 3 For questions regarding electronic transactions listed in the table to the left, email your EDI Avid Anesthesiology Solutions 3 3 3 3 3 Services Representative at [email protected] AXIOM Systems Inc. 3 3 or telephone 205-220-6899. BrickMed, LLC 3 3 C&S Research Corporation 3 3 3 3 CBIZ MMP 3 3 Change Healthcare 3 3 3 3 3 3 Claim.MD 3 ClaimLogic 3 3 3 Claim Remedi 3 3 3 3 Clearwave Corporation 3 ClinixMIS 3 3 3 CompuGroup Medical 3 3 3 3 Compulink Business Systems, Inc. 3 3 3 Computer Engineered Solutions, Inc. 3 3 Computers Unlimited Cortex EDI 3 3 3 3 3 Cove MD Systems 3 3 3 CPU 3 3 1 of 4 Readiness Validated Claims Transactions (5010) 837 Professional 837 Institutional Remit Transactions (5010) 835 Professional 835 Institutional Vendor Name Real-time Transactions (5010) 27x Proprietary Real-time Messages (5010) AB50 - Summary Plan Description AB80 - Social Security Number Request Ax20 Payment History Creative Concepts in Communications 3 3 Custom Software Systems, Inc. -
Top 20 Ehr Software
TOP 20 EHR SOFTWARE C M CONVERTED MEDIA TOP 20 EHR SOFTWARE 1 AdvancedMD AdvancedEHR 11 Allscripts Allscripts Professional EHR 2 Cerner Cerner Ambulatory EHR 12 CareCloud CareCloud Charts 3 athenahealth athenahealth EHR 13 CureMD All in One EHR 4 Epic Epic EHR 14 Practice Velocity VelociDoc EHR Azalea Health 5 Practice Fusion Practice Fusion EHR 15 Azalea EHR Innovations 6 Kareo Kareo Clinical 16 ReLi Med Solutions ReLiMed EMR 7 Henry Schein MicroMD EMR 17 MedEZ MedEZ 8 drchrono drchrono EHR 18 iSALUS Healthcare OfficeEMR 9 NextGen Healthcare NextGen Healthcare EHR 19 ChartLogic ChartLogic EMR Modernizing 10 EMA 20 ICANotes ICANotes EHR Medicine C M CONVERTED MEDIA EHR IN PRACTICE HOW THESE RANKINGS WERE GENERATED This ranking was determined using a number of factors including industry standing, public opinion of software, social media presence, and available software features relevant to the needs of a small business. This ranking should serve as a rough estimate of software suitability, and more in-depth analysis can be taken below or by using our EHR software comparison. C M CONVERTED MEDIA SHORTLISTING EHR VENDORS CHECKLIST Research EHR employed by similar sized practices in 1 6 Produce an RFI document and send to vendor shortlist the same specialty Identify market leading solutions which offer some 2 7 Narrow shortlist based on RFI responses support in your specialty Leverage professional network for recommendations Compile requirements and business processes in an 3 8 based on their experience RFP document Narrow shortlist based -
Small Practice Ambulatory Emr/Pm (10 Or Fewer Physicians) 2019
SMALL PRACTICE AMBULATORY EMR/PM (10 OR FEWER PHYSICIANS) 2019 BUILDING STRONG FOUNDATIONS FOR CUSTOMER SUCCESS ® %/ Performance Report | January 2019 DRILL DEEPER TABLE OF CONTENTS 2 Executive Insights 6 Expanded Insights 29 Vendor Insights 31 AdvancedMD 45 eClinicalWorks 33 Allscripts 47 eMDs 35 Aprima 49 Greenway Health 37 athenahealth 51 Kareo 39 CareCloud 53 NextGen Healthcare 41 Cerner 55 Virence Health (GE Healthcare) 43 CureMD 57 Data Index 68 Vendor Executive Interview Details 1 EXECUTIVE INSIGHTS SMALL PRACTICE AMBULATORY EMR/PM (10 OR FEWER PHYSICIANS) 2019 BUILDING STRONG FOUNDATIONS FOR CUSTOMER SUCCESS As healthcare has moved beyond meaningful use, small practices have begun to expect more from their vendors and to look for EMRs that do more than meet basic regulatory requirements. As a result, EMR/PM satisfaction among small practices (10 or fewer physicians) has varied greatly over the past year—scores for a number of vendors have swung more than 10 percentage points (some positively, some negatively). To explore what the future holds for this market, KLAS spoke to hundreds of small practice customers about their EMR/PM experiences and needs and also interviewed executives and representatives from AdvancedMD, Allscripts, Aprima, athenahealth, Azalea Health, CareCloud, Cerner, CureMD, eMDs, Greenway Health, Kareo, NextGen, Quest Diagnostics, and Virence Health (GE Healthcare) to find out how these vendors plan to increase customer satisfaction going forward. What Are the Most Important Vendor/ NextGen Healthcare, CureMD, and Aprima Product Attributes for Small Practices? Most Aligned to Deliver Customer Success (n=57) The green bars represent the total tallies after New 7 Technology each need was weighted When asked to name the top things EMR/PM vendors should focus based on whether the respondent ranked it first, on, small practices overwhelmingly say that before addressing more Advanced Needs second, or third. -
Top Integrated Electronic Health Records Physician Practice Management & Billing Vendors
BLACK BOOK RANKINGS 2014 USER SURVEY Top Integrated Electronic Health Records Physician Practice Management & Billing Vendors Publication Date: May 2014 Electronic Health Records Ambulatory Practice Management Software Solutions Outsourced Revenue Cycle Management Services BLACK BOOK™ TOP INTEGRATED PRACTICE MANAGEMENT & REVENUE CYCLE MANAGEMENT EHR SOFTWARE VENDORS May 2014 ©2014 Black Book Rankings LLC. This report is a licensed product. Do not duplicate or distribute without permission. Page 1 2014 Black Book Integrated Practice Management – Revenue Cycle Management EHR Software Top Vendors Report Black Book™ annually evaluates leading health care/medical software and service providers across 18 operational excellence key performance indicators completely from the perspective of the client experience. Independent and unbiased from vendor influence, more than 380,000 healthcare IT users are invited to contribute to various annual customer satisfaction polls. Suppliers also encourage their clients to participate to produce current and objective customer service data for buyers, analysts, investors, consultants, competitive suppliers and the media. For more information or to order customized research results, please contact the Client Resource Center at +1 727.953.3355 or [email protected] © 2014, 2013 Black Book Rankings LLC All Rights Reserved. Reproduction of this publication in any form without prior written permission is forbidden. The information contained herein has been obtained from sources believed to be reliable. Brown-Wilson Group, Inc. the parent corporation of Black Book™, Black Book Rankings LLC, Black Book Market Research LLC, and The Black Book of Outsourcing®, disclaims all warranties as to the accuracy, completeness or adequacy of such information. Brown-Wilson Group shall have no liability for errors, omissions or inadequacies in the information contained herein or for interpretations thereof.