Oncology Practices Financial Performance Insight Application Released by Altos Solutions, Inc.
PLEASANTON, Calif.--(BUSINESS WIRE)--Feb 27, 2013--Altos Solutions, Inc., developer of OncoEMR™, an oncology-specific, browser-based electronic medical record (EMR) with integrated patient portal and medical billing technology, today announced a strategic alliance with RemitDATA, Inc., a leading industry expert in reimbursement, utilization data and comparative analytics. AltosINSIGHT is available to the oncology market exclusively from Altos Solutions. Oncologists and executives using AltosINSIGHT in private practice, community-based cancer treatment facilities, multi-location centers, and hospital-based ambulatory cancer centers can further enable oncology private practices and centers with actionable data that will improve financial performance, peer-to-peer performance benchmarking, and utilization and compliance analysis. AltosINSIGHT will be demonstrated next week at the HIMSS13 Conference, New Orleans, exhibit 5353 and ACCC 39 th Annual National Meeting, Washington, DC, exhibit 308.
Altos Solutions’ alliance with RemitDATA and release of AltosINSIGHT to cancer treatment practices and centers, will provide intelligent analytics for oncology providers and practices to identify financial problem areas, as well as an understanding into reimbursement, drug utilization and staff productivity. Using this information through the use of AltosINSIGHT, physicians and executives in oncology centers can maximize efficiencies by monitoring and analyzing clinician productivity and payer performance, and benchmark their performance in real-time against peers on a state and national level.
“Altos is providing our customers with an enhanced practice management solution that delivers an added level of analytic intelligence,” stated Carla Wood Balch, Altos Solutions’ president. “Both physicians and practice executives will benefit from a completely new level of comparative analytics that enables optimized reimbursement and utilization efficiencies, resulting in fewer denials, accelerated cash flow and reduced risk of audits.” RemitDATA President Michael Sanderson noted that, “Oncologists face a critical juncture as they balance reimbursement cuts, new payment models and increased audit risk. Now, more than ever, specialists need to understand their practice, and more importantly, how they compare to the market. Using positive and negative correlations, in real-time, helps to more rapidly assess causation – and can lead to significant gains in productivity savings, compliance reviews and strategic decisions. RemitDATA is pleased to play a part as Altos embeds our patented-solution as they launch AltosINSIGHT to the Oncology market. The old adage, “you can’t manage what you can’t measure” has never been more appropriate and we’re pleased to help cancer treatment specialists better manage the business of oncology.” About Altos Solutions, Inc. Altos Solutions, Inc. is the pioneer in oncology web-based software applications, focusing on intuitive Electronic Medical Records, Practice Management, and Patient and Provider Portals. Oncology Metrics, a division of Altos Solutions, Inc. fosters a network of independent community-based oncology practices to provide a platform of knowledge-based products and services. Altos Solutions is the first company in the US to offer oncology practices an oncology-specific EMR application combined with services to collect, benchmark, and analyze the data contained in these records. Oncology practices maintain sole control and ownership of their proprietary information entered or converted into OncoEMR™*. With an installed base of over 1,200 oncology clinicians and thousands of daily users, OncoEMR is the answer for all oncology practices from the solo practitioner oncologist, multi-location cancer centers, and hospital-based ambulatory cancer centers. Altos Solutions is headquartered in Pleasanton, California. To learn more about Altos Solutions, call (888) 662-6367 or 888-OncoEMR, or visit www.AltosSolutions.com.
Founded in 2000, RemitDATA Inc. helps more than 100,000 healthcare providers improve revenue and cash collections by identifying and correcting performance issues in the post-adjudication stage of the revenue cycle. The company provides a range of system-agnostic comparative analytic and workflow solutions with patented, proprietary technology offered in Software as a Service (SaaS) form for immediate value-added implementation, resulting in faster return on investment. The end result is more enlightened providers with empowered practice management teams, improved employee productivity and increased profitability. Based in Memphis, Tennessee and Plano, Texas, the company has enjoyed a more than 90 percent client renewal rate since its inception. For more information, please visit www.remitdata.com.
*OncoEMR Version 2.6’s certification number is CC-1112-196440-1. ONC-ATCB 2011/2012 certification conferred by CCHIT does not represent an endorsement of the certified EHR technology by the U.S. Department of Health and Human Services nor does it guarantee the receipt of incentive payments. This certification does not represent an endorsement by the US Department of Health and Human Services or guarantee the receipt of incentive payments. The clinical quality measures to which OncoEMR Version 2.6 has been certified include NQF 0421, NQF 0013, NQF 0028, NQF 0041, NQF 0024, and NQF 0038.