Positive Impact Observed at Many Orthopedic Practices Utilizing Veradigm Coding Services
06 Agosto 2024 - 7:01AM
Business Wire
Helping Orthopedists to Measurably Reduce
Denials and Improve Practice Revenue
Veradigm® (OTCMKTS: MDRX), a leading provider of healthcare data
and technology solutions, announced today that many orthopedic
practice clients utilizing Veradigm Coding Services have observed
positive, measurable impacts on key performance indicators for
their organizations, with average observed results in the first 12
months including reducing surgical claims payment cycle by up to
5-10%, and increasing Relative Value Units (RVUs, a common metric
for office revenue) by up to 3-5%.
The increasing complexity of surgical coding and a shortage of
qualified coding staff has left practices with a revenue challenge
that is getting harder and harder to meet. When claims are coded
incorrectly and as a result are left unpaid or underpaid, the
ripple effect on the bottom line can be devastating to a practice’s
financial health.
Veradigm brings years of experience, certified coders, and
technology-enabled workflows to the challenge of complex surgical
coding, delivering a service that can help orthopedic and other
MSK-related specialties see higher revenue and with better
documentation, while making life easier on surgeons and their
overtaxed staff. The services are supplemented by advanced
technology from the Veradigm Network of solutions.
Unity MSK, a nationwide, multi-site orthopedic practice with 75
total providers with 45 physicians, has seen significant results
since onboarding Veradigm Coding Services.
“To help combat increased denials, we needed a coding partner
that understood the nuances of effective coding and claim
submission to help us capture potential missing revenue and
accelerate cashflow,” said Joy Eckerdt, Vice President of Revenue
Cycle, Unity MSK. “Finding an orthopedic coder to hire is a
challenge, but finding a good one is even harder. That’s why we
chose Veradigm. They have that level of orthopedic-specific
expertise that we needed. They have helped us refocus our staff
where their time is best spent, and we are seeing the results.”
“Unity MSK’s experience with Veradigm Coding Services is just
one of many examples demonstrating the significant impact this
offering can make for orthopedic and other MSK-related
specialties,” said Tom Langan, Interim Chief Executive Officer of
Veradigm. “We are gratified to be part of helping these practices
to meet their goals in a way the enables them to spend more time
focusing their patients and look forward to expanding this offering
to other care areas in the future.”
About Veradigm®
Veradigm is a healthcare technology company that drives value
through its unique combination of platforms, data, expertise,
connectivity, and scale. The Veradigm Network features a dynamic
community of solutions and partners providing advanced insights,
technology, and data-driven solutions for the healthcare provider,
payer, and biopharma markets. For more information about how
Veradigm is fulfilling its mission of Transforming Health,
Insightfully, visit www.veradigm.com, or find Veradigm on LinkedIn,
Facebook, Twitter, Instagram, and YouTube.
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version on businesswire.com: https://www.businesswire.com/news/home/20240806953135/en/
Investors: Jenny Gelinas
312-506-1237 Jenny.Gelinas@veradigm.com
Media: Concetta Rasiarmos
312-447-2466 concetta.rasiarmos@veradigm.com