Saturday, March 24, 2007
Products Promise Productivity Gains in the New Millenium - News Briefs
Autumn was among the busiest on record in the $1.2 billion healthcare field, with more conferences, symposia, and gatherings than ever luring healthcare providers with the promise of bringing them up-to-date on the latest information system or technology. In fact, there were so many exhibitions showcasing the inventions and innovations unveiled in 1999 that our editors decided to bring you this "Round II" selection of products and services that grabbed our attention as the millenium wound down. Refer to our November issue for Round I of some of the products and services that are bound to boost productivity in hospitals, physician practice, managed care organizations, and other healthcare settings in the near future.
Handheld Coding at the Point of Care
DynaMedix Corporation has unveiled PocketCode, a portable coding tool for healthcare providers that is designed to eliminate coding errors and reduce the denial rate of claims by ensuring proper coding is captured at the point of the patient encounter. With PocketCode, the caregiver can easily document the diagnosis, select procedures and record notes for each patient on a personal digital assistant (PDA). When the encounter is complete, PocketCode transfers the data to a variety of systems for storage, such as a desktop PC, and allows links into management systems, billing systems or lab information systems. PocketCode software includes ICD9 codes, Procedure Codes, Fee Schedules, CCI data and HCFA's Medical Necessity Guidelines. The system beta tests have been based on use of Casio's Cassiopeia E-100 PDA, but it will operate on any system utilizing Windows CE, including a Windows-based desktop PC. By reducing time for proper coding and submitting proper claims the first time, use of PocketCode can also improve cash flow and revenues for physician practices.Amid a flurry of new Websites offering online purchasing of medical supplies and equipment, a "veteran" company operating since August 1998 announced its enhanced site. Medicalbuyer.com, founded by radiologist Edward Rollins, M.D., unveiled its new "trading exchange" that offers physicians, hospitals and long-term care facilities more convenient and user-friendly online purchasing. The system allows physicians the convenience of ordering from a selection of about 500,000 items, requiring only an Internet browser, a credit card, and UPS delivery. The system is open to manufacturers, distributors, dealers and end-users and offers discounts of 15 percent to 50 percent. Future services will include an RFQ auction, where buyers select products for open bidding, and a customer-initiated "reverse" auction that will allow selling overstock inventory
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