


Chart Links, a provider of rehabilitation workflow management software, and RemitDATA, a provider of reimbursement productivity tools and benchmarking reports, will partner to offer reimbursement benchmark data to physical therapy, occupational therapy, speech-language pathology and audiology. The claims data will be aggregated and analyzed from a web-based suite of tools that the therapist will use alongside any existing practice management or billing system. The solution will make therapy practices more profitable and allow reimbursement comparison against national averages.
New Haven, CT and Memphis, TN -- (PRWEB) – September 2, 2008
– Chart Links, LLC a provider of rehabilitation workflow
management software, and RemitDATA, Inc., a leading provider of
web-based productivity tools and benchmarking reports to the
outpatient healthcare market, have partnered to offer
reimbursement tools and benchmark data to physical therapy,
occupational therapy, speech-language pathology and audiology
practices. The claims data will be aggregated and analyzed
from a web-based suite of management reports and workflow tools
that the therapist will use alongside any existing practice
management or billing system. By allowing therapists to
identify and reduce denials and underpayments from electronic
remittance advice, the solution will make therapy practices more
profitable. It will also allow them to compare reimbursement
data against regional and national averages.
“With the recent 10.6% Medicare payment reduction scare and
ever increasing cost pressures in rehab, we need to ensure that
therapists are getting the money owed to them from payers,” says
James Hammer, chief operating officer at Chart Links. “Our
decision to partner with RemitDATA is based on the ability of
their products to pick-up where most practice management systems
leave off. These tools analyze claims data directly from
payer electronic remittance advice (ERA) versus data posted into
the billing system. This gives therapists greater insight
into denial rates, by payer, as a means of recouping
reimbursement. It also allows them to compare their denial
rates against their peers nationwide. We can all learn
from that to develop best practices.”
"Over the coming months, we’ll be able to unveil the first
ever comprehensive third-party analysis of rehabilitation
payment trends,” says Michael Sanderson, president of RemitDATA.
“Our simple, easy-to-use web-based tools and patent-pending
benchmarking reports will provide state, regional and national
data on which rehabilitation procedure codes are getting denied
most often, by which reason code and by payer. As a direct
result of our solutions, therapists will be able to enhance
their profitability and drive down the costs of healthcare.”
To see a 20-minute demo of the product, therapists can call
Chart Links at 888.369.0707 or go to
http://www.chartlinks.com/reimbursement.html. The
product will also be exhibited at booth #512 of the American
Physical Therapy Association’s Private Practice Section Annual
Conference and Exposition on November 5-8, 2008 at Loews Royal
Pacific in
About Chart Links, LLC
For 14 years, Chart Links has developed rehabilitation software
that automates workflow for referrals, insurance authorizations,
cross-discipline scheduling, documentation, charges, and more.
Chart Links allows medical rehabilitation facilities to be more
efficient and to provide a higher quality of care by delivering
results in the areas of compliance, outcomes, analytics and
reimbursement analysis.
http://www.chartlinks.com?source=prweb
About RemitDATA
Founded in 2000, RemitDATA, Inc. helps 8,500+ health care providers improve practice profitability by delivering web-based tools to accelerate cash flow and streamline the reimbursement process. Our easy-to- use web-solutions work alongside ANY practice management system to eliminate payer denials/underpayments, increase workflow efficiencies and maximize revenue. With a low, annual subscription fee, RemitDATA's tools are guaranteed to work and include powerful patent-pending, custom-benchmarking reports that compare provider's operational performance against real-time industry data each quarter. Because RemitDATA's analytics and tools are web-based, we promise our clients: "No software, no servers, and no hassles." Based in Memphis, TN, the Company enjoys a 95%+ client renewal rate.