Solution Offers Clients Easy Access to Detailed Intelligence about their Medical Practices
Brecksville, Ohio … MedData, Inc., a leading provider of medical billing services, announced today the introduction of its new practice intelligence tool, MedData I.Q.
MedData I.Q. offers the company’s clients -- which range from physicians, hospitalists, emergency departments and group practices, among others -- the ability to login to a secure, online portal, 24/7, where they can easily access detailed intelligence about their practices. MedData I.Q. provides insight into all operational, financial, productivity and clinical information occurring within the practice.
A billing services industry innovation, MedData I.Q. offers instant and meaningful ways for medical practices to access quick, easy-to-use operational and financial intelligence resources including interactive dashboards that offer graphically rich summaries of monthly performance data, scorecards containing key performance indicators, month-end and next day data, clinical information, physician productivity, operational details, and other intelligent information to enhance a practice’s operations. These tools will allow for the proactive management of real issues faced by practices, such as monitoring cash flow and payroll, managing productivity-based compensation and preparing for payer negotiations.
“With MedData I.Q., our clients will have next-generation functions available to them at their fingertips – any time of the day. With the ability to view aggregated data across multiple practice sites, coupled with the customization MedData I.Q. brings, practice management has never been easier, more efficient, more controllable, cost effective and accessible,” explained Ann Barnes, chief operating officer at MedData. “This innovative development marks significant and revolutionary industry advancement -- one that our clients will reap benefits from across the board for years to come.”
Brecksville, Ohio-based MedData is one of the nation’s leading providers of a range of medical billing services including, among others, billing, coding, collections and revenue cycle management. For more than three decades, the Company has been providing innovative billing solutions to the medical community. Annually, MedData handles billing for 7.1 million patient encounters across various medical specialties. MedData currently provides services to more than 2,000 physicians at 175 facilities across 35 states from its headquarters as well as offices in Roseville, Calif., Bellevue, Wash. and Peoria, Ill. For more information, please visit www.meddata.com.