Boulder, CO, September 13, 2011 --(PR.com
)-- MD-IT, the leading provider of medical documentation software and service to ambulatory clinics and physician groups, announced today that it has entered into a partnership with Kareo, a leading provider of practice management (PM) and revenue cycle management (RCM) software and services, to deliver an integrated practice management and electronic medical record (EMR) system for medical practices.
The integrated system will provide an easy-to-use, easy-to-implement, web-based product for physician practices seeking to upgrade their existing technology and leverage the power and utility of narrative notes in combination with an integrated PM/RCM system.
“Our partnership with Kareo is unique in that no other PM/RCM offering leverages narrative notes as effectively,” said MD-IT president Tom Carson. “Narrative notes are fundamental for preserving the integrity of clinical documentation. Clinical encounters are unique, and proper documentation that captures the thoughts and actions of the physician goes a long way toward streamlining the billing process and reducing audit risk, all while improving patient care.”
With a combined client base of nearly 15,000 physicians, the MD-IT + Kareo partnership brings together two established healthcare IT vendors that represent a new generation of software and service providers committed to improving the healthcare delivery process through effective I.T. support.
“The opportunity to offer our customers a system that preserves the narrative in clinical documentation is of great value,” said Kareo CEO Dan Rodrigues. “From a revenue cycle management standpoint, the ability to couple claims data with the original narrative notes improves the adjudication process and first pass claims rate.”
The MD-IT + Kareo integration provides a turn-key solution for practices that want to introduce responsible technology designed to lower costs and increase efficiencies for both the administrative and clinical sides of a healthcare facility.
“Physicians are under increasing pressure to adopt electronic medical records systems that have the potential to improve the quality of healthcare while reducing costs. However, according to recent industry surveys, many such systems cause significant productivity declines while producing documentation that does not adequately satisfy all necessary reporting requirements,” said Carson. “MD-IT and Kareo seek to solve these problems through this integrated solutions offering.”
Additional information can be found at www.md-it.com/kareo.
MD-IT is a medical documentation company with an innovative delivery model that optimizes the use of EMR software and transcription services. The company provides services and software to over 8,000 physicians and clinicians in 950 medical practices and hospitals throughout the United States. MD-IT offers the only software products on the market today that include modules for dictation/transcription, speech recognition, document management, and electronic medical records (EMR) in one bundled solution. The privately-held company is located in Boulder, CO, with regional offices throughout the US. Additional information can be found at md-it.com.
Kareo is a leading provider of easy to use, affordable, web-based practice management and medical billing software to thousands of physicians and hundreds of medical billing companies. Kareo's user-friendly and quick-to-implement solution enables physicians to get paid faster by storing patient records, verifying insurance eligibility, submitting electronic claims to insurers, posting electronic insurance payments, billing patients, managing accounts receivable, and much more. For more information on Kareo, please visit www.kareo.com.
President and CEO, MD-IT