SM
Medical Charge Tracking System
Medthology provides
off-the-chart Return On Investment
while liberating medical professionals from the drudgery
of documenting patient charges.
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Painless
Implementation
Medthology is a self-contained system that plays well with others. Any size practice can immediately take full advantage of the streamlined workflow and financial benefits.
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It is not necessary to disrupt the system you have in place. Medthology does not require an existing EMR environment to do its work.
The streamlined workflow, ease of use and integration of Medthology will facilitate patient charge capture and will benefit those with a more complex EMR in place.
By simply beginning to use Medthology, the caregiver and entire support staff chain will quickly realize how it makes their work easier.
Because it is a subscription-based service, improvements and changes in medical billing requirements are made available to you as they occur without any of the hassles associated with equipment and licensed software upgrades.
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Centralized
Communication
Medthology centralizes information via the Internet which enables it to meet the demands of a busy clinical practice. Information shows up where it is needed, when it is needed.
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Everyone involved in the day-to-day business of a medical practice from the practice manager, the administrative staff, the physicians, the physician extenders, to billing and coding has instant access to all the information pertinent to their tasks. All that is required is an Internet connection, and Medthology shows up wherever it is needed. A provider's patient schedule can be posted and remotely updated in real time by support staff throughout the day. It then can be retrieved at any time from any location. Residents can document their activity and save it for review and submission by the attending physician. Patient charge information is available to the billing and coding staff immediately as they are submitted from anywhere.
By putting the entire support staff, the caregiver and the payor on the same page, communication is clear, concise, complete and efficient. Missed or under-rated charges, which occur frequently during in-patient encounters, will become a memory that fades behind the rising of a new "bottom line".
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Medthology Pays...
... and handsomely. In its very first implementation by a large university clinic, Medthology increased E&M and procedure payments by 24% over an 8-month period with no payor mix modifications. In addition, procedure-related RVUs increased by 17% through more accurate provider-driven capture.
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The astounding payment increase Medthology provides is attributable to several factors–most notably, the staggering number of missed and under-rated charges that simply slip through the cracks during a busy rounds regimen. Furthermore, Medthology's timely, provider-driven, data capture can erase charge entry lag days, increase coding accuracy, and in turn enhance the overall revenue cycle.
The efficient manner in which patient medical documentation and charge capture information is collected with Medthology makes better use of attending physician's and physician extender's time. Medthology integrates seamlessly into the patient encounter workflow. Services performed by physician extenders can be documented with Medthology and held for review by the attending physician or forwarded to coding as appropriate. The ability to leverage physician extenders in this way has proven to increase productivity and revenue in mid- to large-size clinical settings so much so that it has resulted in the need to hire more physician extenders.
Practical, verifiable E&M and procedure data transmitted in real-time to the coding and billing staff can enrich your revenue cycle, as well as virtually put an end to rejected claims.
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Education
One unexpected benefit of Medthology is that it serves as an excellent teaching tool in university clinic settings.
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Presenting the resident student with a standardized, logically structured method of documenting fundamental E&M routines results in a significant time savings to mentoring physicians and also facilitates accelerated rates of learning by the residents.
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