CHICAGO, IL, Oct. 1, 2012 (GLOBE NEWSWIRE) -- Health Revenue Assurance Holdings, Inc. (OTCBB: HRAA),- leading provider of revenue integrity services for healthcare organizations, has launched a new ICD-10 business intelligence tool, the ICDVisualizerTM at the 2012 AHIMA Convention and Exhibit. ICDVisualizerTM is a part of the latest additions to the comprehensive ICD-10 transition services offered by HRAA.
Now that the deadline for the ICD-10 Transition is finalized for October 2014, HRAA is solving many healthcare executives' question on how to get back on track in order to mitigate their financial and compliance risk by introducing the ICDVisualizerTM.
Utilizing expertise from one of the most experienced healthcare teams in the industry combined with exceptional insight into what providers really need, the ICDVisualizerTM assists healthcare leaders with their need to understand the exponential impact of the transition to ICD-10 including work flow, productivity, process changes and documentation and reimbursement risks.
"It has been amazing to visualize hospitals' data in the ICDVisualizerTM, not only for the purpose of estimating the financial and workload impacts of ICD-10, but also to quickly see opportunities for documentation improvement that can bring precious dollars to the hospitals today. Also, since ICDVisualizerTM is the first product to address how ICD-10 will impact Outpatient, we have had an amazing turnout at our booth in just the first few hours from hospitals searching for the right solutions" said Valerie Rinkle, VP of Revenue Integrity Informatics.
Utilizing a business intelligence platform known for its ease of use and visualization capabilities, HRAA has designed a collaborative environment that enables HIM and finance leaders, revenue cycle managers, coders and clinicians to explore the ICD-10 impact across their enterprise and within service lines. ICDVisualizerTM is a powerful application designed to assist hospitals, providers and other healthcare organizations in understanding the financial and coding impact of the ICD-9 transition to ICD-10.
ICDVisualizerTM does much more than just help analyze the conversion of ICD-9 codes into their relevant ICD-10 code structures. The application helps visualize the reimbursement and operational effects of transitioning an organization to ICD-10 and identify where to focus education and documentation issues. It enables the development of a custom work plan to mitigate risks from the highest areas of exposure to the least.
To provide relevant Healthcare Business Intelligence, HRAA's ICDVisualizerTMapplication contains a set of baseline analytics that quantifies the impact across hospitals, service lines, departments and physicians. Because ICDVisualizerTMis a business intelligence application, the ability to analyze and examine your data is endless, extending your initial investment well beyond the ICD-9 to ICD-10 transition phase.
The ICDVisualizerTM is offered as a module of HRAA's VisualizerTM suite, an incredibly robust and flexible business intelligence engine designed to meet the emerging need for healthcare analytics. Customer data is infused into this business intelligence engine and then used to develop pre-defined analytics targeted to address healthcare's emerging concerns and needs.
HRAA's unique approach to ICD-10 is multidimensional, providing organizations with a smooth and sustainable transition with great emphasis on streamlined comprehensive training while maintaining productivity. In addition to the ICDVisualizerTM, HRAA's ICD-10 transition support is comprised of Education, Staffing, Auditing and Consulting; services that HRAA has been providing to over 900 clients for over ten years.
ABOUT HRAA
HRAA is a trusted source of critical resources, technology and
information that supports the performance of revenue integrity in
assuring the existence of healthcare organizations. HRAA's products
and services include business intelligence technology solutions,
contract coding, billing, coding and compliance audits, education,
revenue cycle consulting, physician services and ICD-10 transition
services.
Caution Regarding Forward Looking Statements
Certain statements in this news release and such conference call are forward-looking, including (without limitation) expectations or guidance respecting customer contract expansion, growing revenues and profits through organic growth and acquisitions, attracting new business that will increase HRAA's revenues, continuing to maintain costs and consummating any transactions. Undue reliance should not be placed on such forward-looking statements because the matters they describe are subject to known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond the Company's control. The Company's actual results, performance and trends could differ materially from those indicated or implied by such statements as a result of various factors, including (without limitation) the continued strengthening of HRAA's selling and marketing functions, continued customer satisfaction and contract renewal, new product development, continued availability of capable dedicated personnel, continued cost management, the success and availability of acquisitions, availability of financing and other factors, as well as by factors applicable to most companies such as general economic, competitive and other business and civil conditions. Information regarding certain of those and other risk factors and cautionary statements that could affect future results, performance or trends are discussed in HRAA's most recent annual report on Form 10-K, quarterly reports on Form 10-Q, and other filings made with the Securities and Exchange Commission from time to time. All of the Company's forward-looking statements are expressly qualified by all such risk factors and other cautionary statements.