| Press Releases News Archives Success Stories LYNX Lines Tradeshows & Conferences Customer Conferences Webinars & Seminars Media Inquiries | Press ReleasesPicis Redefines the ED as the Heart of the Hospital with ED PulseCheck 5.0Industry’s first EDIS to address the five elements most critical to creating a healthy hospital including potential to increase revenue by millions of dollars annuallyWAKEFIELD, Mass. — Feb. 16, 2010 — Pressures from regulatory audits. Bottlenecks of patients in nearly all departments. Revenue reimbursement struggles and leakage. Interoperability of multiple systems. Meaningful use. What do all of these have in common? They are the five greatest challenges hospitals face today — and they can all be addressed in the emergency department (ED) with Picis ED PulseCheck® 5.0. Nearly one-third of all hospital revenue — approximately $350 billion in the U.S. — comes from patient admissions through the ED. Having licensed its software solutions to more than 1,800 community, non-profit and academic hospitals and integrated delivery networks (IDNs) worldwide, Picis has long recognized the ED as the gateway to the most critical operational, clinical and financial functions within the hospital. Dr. Michael Westcott, Chief Medical Information Officer at Alegent Health, recently highlighted as a center of excellence by U.S. Health and Human Services (HHS) Secretary Kathleen Sebelius commented, “The ED feeds patients into all other care areas, and accounts for so much of the hospital’s revenue, that clinicians and executives should view the ED as both the clinical and financial hub of the hospital. Picis ED PulseCheck has helped our clinicians deliver the highest-quality patient care, streamline the flow of patients throughout our hospital, and provide complete, defensible medical documentation required for reimbursement.” Medical Necessity: The Multi-Million Dollar Decision With LYNX CareBridge® integrated into PulseCheck 5.0, Picis is delivering the industry’s first software solution designed to address this medical necessity dilemma. Accurate and appropriate billing and documentation regarding medical necessity determinations have the potential to help hospital customers that have seen a recent increase in observation stays realize a projected average increase in revenue of nearly $5 million per year.1 CareBridge allows hospitals to apply specific hospital policies around determining appropriate admissions and observation practices, then captures medical necessity documentation to support the disposition decision and assignment of the appropriate level of care — leading to defensible and accurate reimbursement for the care provided. “Because a majority of admission decisions begin in the ED, CFOs in every hospital need to view ED systems as the most important investments they will make — and they should look closer at the revenue they are likely leaving on the table around the admission vs. observation decision,” said Dr. Jim Fox, emergency physician at St. John Health System in Detroit, MI and member of the American College of Emergency Physicians (ACEP) reimbursement committee since 1995. “By collecting the necessary documentation to defend treatment decisions — right at the point of care from when a patient enters in the ED — CareBridge has the potential to change the way hospitals do business by avoiding costly audits and recouping millions in revenue they weren’t even aware they could be saving.” A Better Window to Eliminate Patient Bottlenecks Picis ResourceView™, integrated into ED PulseCheck 5.0, is the first to offer a two-way view and communication between the ED — where the overcrowding issue begins — and the rest of the hospital. It is also the first tool to provide a comprehensive view into key resources that directly impact the ED’s throughput, including available beds, rooms, staff and equipment in various departments. ResourceView is a communication tool that allows inpatient units to indicate resource utilization and bed usage on a regular interval. It displays the current status of each unit so that ED and hospital administration can take quick action, allows a unit to request resources, allows the ED and administration to see the bottlenecks when they occur and take action, delivers notifications via pager and email, and collects data for reporting and analysis. “It is critical for the staff in the ED to have access to an accurate view of how the rest of the hospital is operating every day,” said Marian Moran, CIO at St. Mary’s Medical Center in Langhorne, Pennsylvania and an ED PulseCheck user since 2004. “Coupled with hospital process improvements, ResourceView within ED PulseCheck can open that window of visibility between the ED and the rest of the hospital to help eliminate bottlenecks and improve patient flow and throughput.” Integrated ED Charge Capture Tools Increase Revenue With Picis LYNX E/Point integrated into ED PulseCheck 5.0, clinical staff can spend more time on patient care and less time trying to capture complex codes by collecting these in the background during the normal course of clinical documentation. This drives increased accuracy of hospital reimbursements for these costly IV infusion and injection services — estimated at approximately $10 per ED patient visit. This is incremental to an increase of approximately $30 per ED visit derived from accurate facility visit level charges in earlier releases of E/Point — and for an ED that sees 50,000 patients a year, that can mean an increase in revenue of $2 million a year. Have Your Favorite HIS and ED Solution Too “Hospital CIOs today are all facing a similar challenge — they know their hospital or IDN needs a specialized tool to meet the needs of the ED, but are afraid of what it will cost in time, money and resources to integrate it with a house-wide system. For us, Picis ED PulseCheck took much of the fear and pain out of making that decision,” said Geoff Brown, CIO of Inova Health System, who drove the implementation of ED PulseCheck in November of 2007. “The new interfaces in PulseCheck 5.0 will make it even easier for hospitals to integrate ED data with other systems and enable CIOs to drive efforts to share information across all types of care settings, help meet quality and patient safety requirements, reduce risk, and ultimately improve coordination of care.” Become a Meaningful User to Secure ARRA Funds “With health reform hanging in the balance, we’re proud to be providing the industry with the solutions it needs now to help overcome the five most critical challenges facing hospitals today: medical necessity, patient bottlenecks, reimbursement/revenue capture, interoperability and meaningful use,” said Todd Cozzens, CEO and Vice Chairman of Picis. Availability About ED PulseCheck About Picis © 2010 Picis, Inc. All rights reserved. Picis, LYNX, E/Point, ResourceView, CareBridge and ED PulseCheck may be trademarks or registered trademarks of Picis, Inc. in the United States and/or other countries. All other trademarks mentioned herein are the properties of their respective owners. This press release contains express or implied forward-looking statements relating to, among other things, Picis’ expectations concerning the functionality and market acceptance of its products, and management’s plans, objectives and strategies. These statements are neither promises nor guarantees, but are subject to a variety of risks and uncertainties, many of which are beyond Picis’ control, which could cause actual results to differ materially from those contemplated in these forward-looking statements. 1The Formula: Hospitals are reimbursed approximately $1,000 for billing related to the care of a patient put under observation in the ED, while admission – even less than two-day inpatient stay – yields the hospital approximately $7,500. Hospitals frequently lack sufficient medical necessity documentation to support reimbursement for admission. Using LYNX CareBridge to provide more accurate medical necessity documentation, a hospital ED can potentially reduce its rate of observation stays as compared to admissions. Assuming a 10 percent reduction in the ratio of observation stays to admissions, with 50,000 ED visits a year, a hospital could realize an increase in lost revenue of $4.8 million. |
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