AdvantEdge Healthcare Solutions, one of the nation’s leading providers of medical billing, practice management, and coding services, has released its new InfoEdgeBISM platform. Building on the success of the InfoEdge SM Dashboard, InfoEdgeBI gives medical practices and hospitals more in-depth insight into their medical billing and coding information. Custom reports and deep drill down capabilities allow users to view specific, detailed areas of interest at the procedural level with simple point and click navigation. As with the InfoEdge Dashboard, InfoEdgeBI also provides users with their own customized set of standard reports, such as physician productivity, practice financial performance, payor trends, and more.
For several years, clients have used the InfoEdge Dashboard to provide online, graphical displays of current results and scheduled and ad-hoc reports, including comprehensive information for current charges, cash receipts, adjustments, and accounts receivable (A/R). InfoEdgeBI features the same comprehensive data, but now clients can dissect and display that information in any way they like—e.g. by payor, location, physician, or business unit—to examine productivity and quality metrics as well as track trends and details for specific procedures.
The flexibility of the new platform enables AdvantEdge’s clients to design their own custom reports based on their practice’s specific priorities. For example, users can generate reports comparing the current month’s results to any previous month or year, examine cash postings to ensure all checks have arrived, or analyze A/R trends for the top payors.
“Under continuing economic pressure, healthcare practices and institutions need actionable data to make effective business decisions and better understand the economic impact of various patient, payor, and clinical trends,” said David Langsam, CEO at AdvantEdge Healthcare Solutions. “Our commitment to all of our clients is total transparency—anytime, anywhere access to insightful data that enables them to manage their practice and measure our performance. InfoEdgeBI offers our clients greater control, improved usability, and deeper insight into their medical billing and coding, clinical activity, and physician productivity, as well as the ability to share data with colleagues and advisors. Practices and hospitals now have a more powerful tool to examine their performance, uncover trends, anticipate issues, and build a stronger future.”