Ingenious Med reports perfect PQRS reimbursement rate in 2012
June 11, 2013 in Medical Technology
Officials at Ingenious Med announced Tuesday that clients using the company’s Physician Quality Reporting System (PQRS) registry had a 100 percent reimbursement rate in 2012.
Ingenius Med, which bills itself as the nation’s largest multispecialty charge capture and physician rounding platform, is in its third consecutive year reporting that clients had a perfect reimbursement rate from the Centers for Medicare Medicaid Services (CMS).
[See also: Aetna to cite leapfrog safety scores.]
“We are very proud to once again show that every one of our clients using our PQRS registry received reimbursement from CMS,” said Steven Liu, MD, executive chairman and founder of Ingenious Med. “Not only are we excited to provide added value for our clients, we’re also proud of the large role we’ve played in this government drive for quality and data.”
Ingenius Med reports that the company’s PQRS registry participants consistently beat the national averages in success rate, reporting rate, and performance rate.
“As incentives and penalties ramp up over the next couple of years, more medical groups will be obligated to focus on PQRS,” Liu said. “Not participating in PQRS this year means groups will be actively losing money due to the new rules.”
In addition to the perfect reimbursement rate, Ingenious Med Quality Reporting users tend to have a higher quality rating than the national average, according to 2011 CMS statistics, Liu said.
“The landscape of healthcare is changing,” Liu said. “But the record speaks for itself. We’ve earned a reputation for offering innovative solutions for complex issues, and we’re excited to continue down that road to ensure our clients’ practices are successful, whatever may come their way.”
[See also: UCLA wins 16M PCORI award.]