pMD, a medical software company offering mobile charge capture solutions for physicians, announced today that it has completed a series of error-checking measures designed to help its customers comply with the Physician Quality Reporting Initiative issued on July 1, 2007 by the Centers for Medicare and Medicaid Services (CMS).
Physicians who participate in this optional program by meeting frequency and accuracy benchmarks receive a 1.5% bonus on their Medicare reimbursements for the period in question. pMD's Web-based practice administration software now finds reporting errors based on specific charge and ICD-9 codes that would cause PQRI violations and notifies the billing staff, allowing practices to become 100% compliant with the PQRI program.
The PQRI functionality is yet another way in which pMD can help its customers become more profitable. The company's focus on streamlining charge capture gives customers a better experience than one-size-fits-all EMR suites - indeed, Michael Fagan, the Vice President of Finance and CFO of Huntington Hospital, declares, "When we requested support for the Physician Quality Reporting Initiative (PQRI), pMD delivered in less than a month and at no charge. [...] We would recommend pMD's solution to any other hospital in the North Shore Long Island Jewish hospital network - maybe even any other hospital in the country. The quality of the software is fantastic, the customer service is very good, and our doctors are extremely pleased with their product. This is definitely one IT product where you get value for your dollars."
Without an automated, easy-to-use charge capture solution, medical practices are finding it increasingly difficult to track the information that they need, while complying with governmental regulations such as HIPAA and, now, PQRI. Says Philippe d'Offay, CEO of pMD, "The landscape of medicine is changing, and physicians are forced to adopt new technologies so that they can stay focused on the practice of medical care. Many don't realize that a cumbersome EMR system can actually cost them time and money, while a charge capture solution such as pMD provides many of the same benefits with none of the headache." pMD customer Nick Fitterman, director of Huntington Hospital's hospitalist group, agrees: "pMD has allowed me to not only capture missed billing opportunities but also track productivity. I have used data readily available on it to plan staffing models and justify hiring to my administrators. The support team is attentive and very user-friendly."
Initiatives such as PQRI emphasize the need for automated solutions in the increasingly complex world of medical coding. Physicians who are already using Web and mobile charge capture solutions such as pMD are well-positioned to take advantage of these opportunities while reducing their administrative overhead and keeping their doctors focused on the art and science of medicine.
CMS and the Physician Quality Reporting Initiative
Title I, Section 101 of the Tax Relief and Health Care Act of 2006 (TRHCA) authorizes CMS to create a physician quality reporting system. This optional statutory program, called the Physician Quality Reporting Initiative (PQRI), creates a financial incentive for physicians to meet designated accuracy and timeliness measures: a 1.5% bonus, subject to a cap, of total allowed charges for covered Medicare physician fees in the period from July 1 to December 31, 2007.