IHS develops
coding, compliance, reimbursement and information management
systems. Through an innovative "Anticipatory
Interface(R)", the
software links deep medical content designed by ProVation's in-house
12-member
physician and coding staff to compliant CPT/ICD/CCI-edit
reimbursement codes, producing a comprehensive
operative note.
spaulding lipson
"We worked diligently to provide a solution that would make a major
contribution
to improving the financial performance America's healthcare
providers.
ProVation MD/RN software
replaces inefficient
dictation/transcription processes, producing complete, billing-ready,
image
- and diagram-enhanced documentation for multi-specialty clinical
procedures. The
result is coder
-ready documentation delivering compliance, proper
reimbursement, and shortened days in Accounts Receivable
with an ROI
ranging from 25-200% and payback within 12-20 months. O'Connor, OmniCorder's
President
and Chief Executive Officer.
The BioScanIR System:
The Company's BioScanIR System is a
functional medical imaging
modality that provides a fast, non-invasive, radiation free method for
detecting and managing a wide variety of diseases that affect blood
perfusion -- such as cancer
and vascular disease - by detecting minute
changes temperature based on the pattern of infrared photon
emissions
over time.partnering ppo
About Innovative Health Solutions
Innovative Health Solutions
is a leader in the development of coding,
compliance, reimbursement and information management systems
. "The result is software that mimics the
natural preferences and workflows of Cardiologists, nurses
and
technologists. This coding gives us the opportunity to address certain target
markets and
further validates the utility of the BioScanIR System's
dynamic infrared blood perfusion imaging
in a broad spectrum of
clinical applications," stated Denis A. By making these
forward-looking
statements, the Company undertakes no obligation to
update these statements for revisions or changes
after the date of
this release.stakeholder relamatrix
The software is
available for Cath Lab, Echocardiography and Nuclear
Medicine
modalities. Features and
functionality were based on research and feedback from Cardiology
experts across the country," said Arvind Subramanian, Chief Operating
Officer, ProVation Medical
.
About ProVation Medical, Inc. The new
technology APC reimbursement rate covers the hospital
or clinic's
operating costs related to the service provided.relamatrix ravalli
For more
information, go to www.
Business Editors/Health/Medical Writers
BOHEMIA, N.:
OmniCorder Technologies Inc. Forward
-looking
statements inherently involve risks and uncertainties that could cause
actual results
to differ materially from the forward-looking
statements.maximize relamatrix
The
CDMFOCUS Strategic Pricing module
further allows hospitals to establish prices
taking these market factors into account as well as
net revenue goals and the
actual cost of the line item procedure.
"We are very pleased with
this designation, especially since it comes from
our customers who have validated the performance
of the CDM FOCUS suite and
who are actually benefiting from its ability to increase net revenue while
also remaining in compliance," said Fred Stodolak, chairman and CEO of IHS.ProVation Medical Announces
Release of ProVation MD Cardiology Software for Clinical Procedure Documentation and Coding Compliance
com
(C) 2005 ProVation Medical, Inc.00 per scan plus
an allowable $15.spaulding stakeholder
"
The Peer
Review Process validates the accuracy, effectiveness, marketplace
acceptance and value of products
and services that HFMA members are currently
using.miraflor smg
org/membership/Benefits/peerreview.00 co-pay effective
April 1, 2005.mgh ebsa
OmniCorder's mission is to improve the quality and
cost-effectiveness of healthcare
services and research through
identifying, acquiring and adapting high-resolution infrared
technology
for biomedical applications.
lipson mpm
IHS products help customers achieve optimal financial results
in
an era of ever-diminishing resources and expanding regulatory complexities. ProVation MD for Cardiology
is a multi-caregiver
documentation and coding system that produces complete, billing-ready,
diagram
-enhanced procedure notes and coding reports. Factors that would cause or contribute to such differences
include, but are not limited to, continued acceptance of the Company's
products and services in
the marketplace, the ability of the Company
to develop effective new products and receive governmental
approvals
of such products, competitive factors, dependence upon third-party
vendors, and other
risks detailed in the Company's periodic report
filings with the Securities and Exchange Commission
.jcaho mco
----OmniCorder
Technologies, Inc.jcaho mpm
hfma.htm .
medco carf
"For years HFMA members have asked
us to identify viable healthcare
finance resources and to filter some of the noise in the market
place," says
HFMA President and CEO Richard L.
"As with our other specialty products, ProVation
MD Cardiology was
designed by our in-house team of physicians and coders."
The software's innovative
Anticipatory Interface feature(R), (a
series of cascading menus that acts as the cornerstone of each
specialty offering), is a direct result of this development process.
"The issuance of a new technology
APC assignment provides an
important step in the reimbursement process for clinicians using our
system
. The detector technology used in the system, known as a
Quantum Well Infrared Photodetector (QWIP
), was originally developed
for the Department of Defense by NASA's Jet Propulsion Laboratory.
OmniCorder
has successfully used the BioScanIR System in a number
of key medical markets, including: Breast
Cancer Detection, Cancer
Therapy Monitoring, Drug Discovery, Neurosurgery and Reconstructive
Surgery
. The System has the potential to cost-effectively improve
disease detection, enhance clinical decision
making and improve
therapy management in a vast number of medical applications.reimbursement ppo
The CDMFOCUS Pricing
Systems include a Comparative Pricing system
that allows hospitals to create customized peer groups
from a database
outpatient claims from more than 5,000 hospitals by which to compare their
prices
, costs and charge to cost mark-up factors at the HCPCS level.mgh partnering
Innovative Health Solutions' CDMFOCUS Pricing
Systems Receives HFMA Peer Review Designation
Clarke, FHFMA. Medicare patients in an outpatient
hospital setting. OmniCorder provides
imaging technology for clinicians and researchers for drug
discovery,
disease detection and disease management applications.
This press release includes
statements that may constitute
"forward-looking" statements, usually containing the words "believe
",
"estimate", "project", "expect" or similar expressions.cbi partnering
Ambulatory Payment Classification (APC
) represents a
unit of payment for Medicare hospital outpatient services.smg ppo
The goal of the review is
to identify products and services that
deliver organizational savings and performance improvement
and that enhance
HFMA members' day-to-day business interactions and careers."
Criteria for
a product to display the HFMA Peer Review mark includes high
survey scores for:
-- Enhanced
productivity for the individual user and for the customer's
organization;
-- Ease of
installation and use;
-- Accuracy and reliability;
-- Good value for the price;
-- Excellent technical support and customer service; and
-- An overall positive rating from
reviewers based on a quantitative scale
To learn more about the HFMA Peer Review program
, visit
http://www. The
BioScanIR System's dynamic infrared blood perfusion imaging has been
assigned
APC Code 1502 and will be reimbursed at $75.smg jcaho
Business Editors/Health/Medical Writers
American
College of Cardiology 2005 Annual Meeting
MINNEAPOLIS----
Cardiology joins ProVation
Multi-specialty platform including
Gastroenterology, Pulmonology, Orthopedics, Pain Management
and
Urology
ProVation Medical announced today the official
release of its
ProVation MD Cardiology software for clinical documentation and coding
compliance
.reimbursement licensure
About HFMA
HFMA is the nation's leading membership organization for more than 34
,000
healthcare financial management professionals employed by hospitals,
integrated delivery systems
, managed care organizations, ambulatory and long-
term care facilities, physician practices, accounting
and consulting firms and
insurance companies.
For ProVation MD Cardiology, the Anticipatory Interface
is accompanied
by DocuDiagrams(TM), a dynamic graphical diagram system that drives
bi-directional
documentation and coding. These
statements are made pursuant to the safe harbor provisions of the
Private Securities Litigation Reform Act of 1995.reimbursement relamatrix
Already in use by more than 4,000 clinicians
at 250 medical
facilities across the country in specialties including
Gastroenterology, Pulmonology
, Orthopedics, Pain Management and
Urology, ProVation MD software allows clinicians to create and
finalize procedure notes in minutes - complete with the appropriate
ICD and CPT codes with CCI
edits for proper reimbursement, compliance
and faster payment. (OTCBB Symbol: OMCT) today announced
that CMS
(Centers for Medicare + Medicaid Services) has established a new
technology Ambulatory
Payment Classification (APC) for the company's
BioScanIR(R) System for U.maximize miraflor
The company will exhibit
the software at the American College of
Cardiology (ACC) 2005 Annual Meeting, Booth #723, March 6
- 8 in
Orlando, FL.
ProVation Medical, Inc. (Minneapolis, MN), a leading healthcare
software
and services company, provides solutions that significantly
enhance revenue and decrease costs per
medical procedure. Hospitals
and Ambulatory Surgery Centers that use ProVation Medical software
(1)
improve their coding accuracy resulting in a 5-25 percent improvement
in reimbursement for
their medical procedures, (2) eliminate
transcription costs, and (3) consolidate and simplify all
the major
financial, clinical and administrative tasks that accompany each
procedure. All Rights
Reserved
Anticipatory Interface, Clinical Productivity by Design and
ProVation are trademarks
of ProVation Medical, Inc.
OmniCorder Announces CMS Assignment of New Technology APC Code
for Medicare Outpatient Use of BioScanIR System; Company's Functional Imaging System Reimbursabl
ppo partnering
billers smg
The
Company holds an exclusive, worldwide license to use the technology
for biomedical applications
.
About OmniCorder Technologies, Inc., headquartered in Bohemia, New York,
is a leading developer
of functional medical imaging applications
using advanced infrared focal plane arrays.carf medco
"We see the
new Peer Review
Process as a powerful opportunity to do just that.provationmedical.licensure teledentistry
CHICAGO,
The Healthcare Financial Management
Association (HFMA) recently examined Innovative Health Solutions
' (IHS)
CDMFOCUS Pricing Systems using the Peer Review Process and after undergoing
the rigorous
review, IHS' CDMFOCUS Pricing Systems has been granted the "Peer
Reviewed by HFMA" designation. Today
, over one-
third of the nation's healthcare providers, major IT vendors and managed care
organizations
use IHS systems and solutions to increase revenue, optimize
reimbursement, enhance decision support
, improve cash flow and ensure coding
compliance.Y.S. It does not include
the physician fee which
is covered by a separate CMS code.maximize medco
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