Misys Healthcare Systems and MedAptus Deliver Increased Cash Flow to Physician Practices Through New Mobile and Web-Based Capabilities
NEW ORLEANS, La. - February 27, 2007 - Misys Healthcare Systems, a market leader in healthcare IT, and MedAptus®, a provider of point-of-care solutions to healthcare organizations, today announced that the companies have worked together to integrate MedAptus' Electronic Charge Capture with Misys EMR®, Misys Vision® and Misys Tiger®, the Misys® ambulatory solution suite. This new partnership will provide physicians and their administrative teams with market leading mobile solutions and integrated professional charge capture capabilities.
"MedAptus has been tremendously successful in helping physician group practices enhance revenue cycle management efforts, ultimately increasing cash flow," said Paul Edge, director of product management, Misys Healthcare Systems.
"By partnering with MedAptus, we are offering our clients multiple options for streamlining the billing process while simultaneously increasing coding accuracy, which we know are key objectives of our customer base."
As for how the integrated Misys/MedAptus solution will benefit users:
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Enhanced reimbursement - Traditional charge capture and billing processes often result in errors on outgoing bills that result in denied claims which then must be researched and re-submitted for reimbursement. The new Misys/MedAptus integrated offering flags potential errors for editing prior to submission, saving valuable time and money.
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Improved compliance with billing regulations - Clinicians and billing staff are required to have working knowledge of more than 8,000 procedure codes, close to 15,000 diagnosis codes and a myriad of compliance rules, all of which are frequently updated. The embedded coding intelligence found in the integrated solution prompts accurate coding at the point-of-care, resulting in downstream compliance improvements.
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Decreased administrative burden - Currently, most charge information is captured on paper, which is not readily accessible, in addition to being easily misplaced. The new solution enables physician offices to avoid missing charges and maintain accurate records, while reduced handoffs to and from administrative staff means faster time-to-billing.
"The financial benefit attributed to MedAptus is significant - independent studies have demonstrated that the adoption of our solution typically drives, at minimum, a five-fold return on investment. Beyond being impressive, the ROI is also rapid, with many groups breaking even in a timeframe that is measured in months, not years," said MedAptus President and CEO, Dennis Mitchell. "We are thrilled to partner with an industry leader like Misys and anticipate that our integrated products will yield top-line cash growth capable of funding the implementation of systems focused on patient care enhancement, most notably, EMRs."
MedAptus technologies will be fully integrated with Misys EMR, Misys Tiger and Misys Vision, benefiting customers who use the products independently or as one seamless platform.
Media Contacts:
Maddy Shedno/Melissa Bruno
Schwartz Communications
Maddy Shedno/Melissa Bruno
Schwartz Communications
(781) 684.0770
At HIMSS Media Contacts
Julie Goldman
About Misys Healthcare Systems
Misys Healthcare Systems develops and supports reliable, easy-to-use software and services of exceptional quality that enable physicians and caregivers to more easily manage the complexities of healthcare. Misys' family of leading clinical products and Web-based technologies are designed to share patient data across medical care settings. Misys makes EHR community a reality by connecting community-based physicians and caregivers to acute care enterprise, enabling increased efficiencies, better decision-making and improved hospital-physician relations. For more information, visit www.misyshealthcare.com.
Misys Healthcare Systems develops and supports reliable, easy-to-use software and services of exceptional quality that enable physicians and caregivers to more easily manage the complexities of healthcare. Misys' family of leading clinical products and Web-based technologies are designed to share patient data across medical care settings. Misys makes EHR community a reality by connecting community-based physicians and caregivers to acute care enterprise, enabling increased efficiencies, better decision-making and improved hospital-physician relations. For more information, visit www.misyshealthcare.com.
About MedAptus Corporation
MedAptus believes that in order for point-of-care technologies to make sense, they must be easy to use, deliver demonstrable returns and also leverage an organization's current information technology investments. MedAptus' Revenue Cycle Management suite of products includes both Professional and Technical Charge Capture; the company also offers complementary clinical applications such as Dictation, Clinical Content, Electronic Prescribing, and Clinical Results. Enterprises that have deployed MedAptus solutions have realized millions of dollars in increased revenue, improved organizational productivity, and enjoyed enthusiastic physician adoption. For more information visit www.medaptus.com or call 617.523.1221.
MedAptus believes that in order for point-of-care technologies to make sense, they must be easy to use, deliver demonstrable returns and also leverage an organization's current information technology investments. MedAptus' Revenue Cycle Management suite of products includes both Professional and Technical Charge Capture; the company also offers complementary clinical applications such as Dictation, Clinical Content, Electronic Prescribing, and Clinical Results. Enterprises that have deployed MedAptus solutions have realized millions of dollars in increased revenue, improved organizational productivity, and enjoyed enthusiastic physician adoption. For more information visit www.medaptus.com or call 617.523.1221.
About Misys plcMisys plc (FTSE: MSY.L), the global software and solutions company, is one of the world's largest and longest-established providers of industry-specific software. Founded in 1979, Misys serves the international banking and healthcare industries, combining technological expertise with in-depth understanding of customers' markets and operational needs. In banking, Misys is a market leader with over 1,200 customers, including 49 of the world's top 50 banks. In healthcare, Misys is also a market leader, serving more than 110,000 physicians in 18,000 practice locations, 1,200 hospitals and 600 home care providers. Through Sesame, a wholly-owned subsidiary, the company is also a leading provider of support services to financial advisers in the UK. Misys employs around 6,000 people who serve customers in more than 120 countries. For more information, visit www.misys.com.
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