Red Nose Day 2016

Benchmark Systems, An AntWorks Company Red Nose Day 2016: Laugh. Give. Save a kid.   Would you like to be part of a mission to help kids who need our help the most?  Provide food for the hungry?  Medication for the sick?  Clean water to those without access?  Would you like to be a part of a BILLION dollar initiative to put a smile on the face of kids in the United States and around the world?  If so, all it takes is $1 and a Red Nose!   Benchmark Systems, an AntWorks company, will be a part of Red Nose Day 2016 on Thursday, May 26th, and we encourage your office to do the same!  All you need to do is visit your local Walgreens, give them at least $1 (more if you’d like), and get your very own Red Nose.  There are also many other ways you can be a part of this amazing event.  Please review the attachment here or visit RedNoseDay.org to learn how!  Once you and everyone in your office has their Red Nose, snap a picture of everyone and email it to us at CustomerSupport@benchmark-systems.com so we can post it, along with our own Benchmark Red Nose pictures, to our AntWorks Facebook, Twitter, and other social media pages.  Or post it to your own social media account(s) and tag AntWorks (Facebook) or @BenchmarkSys (Twitter) so we can see the fun you all are having for such a great cause!  And don’t forget to use the hashtag, #RedNoseDay, on all your posts so we can help trend this around the world!  Later that night,...

Goodbye 2015, Bring on 2016!

Doesn’t it seem that 2015 was a very long year, much longer than 365 days? As usual, I learned a lot and feel more competent in my job every day because of it. It was also a year of new phenomenon, not only personally but also professionally.   Let’s take a look at a couple of the big changes for 2015. First, of course, is ICD-10. We had plenty of warning and even at the last minute, there was a possibility that it wouldn’t materialize but here we are, three months in, and things are looking good. If you coded ICD-9, then you can code ICD-10. It’s not that much different. Sometimes there will be extra codes to use but each section of the coding book details the requirements and they’re easy to understand and follow. Thank you, CMS! Money is being paid on claims with ICD-10 codes on them. Before ICD-10 implementation, we had heard rumors that practices could go as long as six months with no income and a plan B should be in place to handle this. That didn’t seem to happen, at least as far as I can see. There were a few issues at first but they were easily ironed out and now the money is coming through without issue for the most part. What will happen when CMS stops accepting codes that are in the “family” of codes and demands a more specific one? I’m sure that they’ll try to hold that money for as long as they can and denials will come back on an EOB asking for a more detailed code.  Whatever...

AntWorks selected for 10 Most Promising Practice Management Software Solution Providers 2015

FREMONT, CA—December 18, 2015— HealthCare Tech Outlook (www.healthcaretechoutlook.com) has chosen AntWorks (www.ant.works) for its 10 Most Promising Practice Management Software Solution Providers 2015. The positioning is based on evaluation of AntWorks’ specialties in its customer-centric approach and two delivery models BPaaS and TaaS .The annual list of companies is selected by a panel of experts and members of Healthcare Tech Outlook’s editorial board to recognize and promote Technology entrepreneurship. AntWorks can help you create the technology and process backbones that will drive your next wave of growth. AntWorks’ cloud-enabled applications and platforms help clients to experience agility like never before. Its platforms for healthcare cover the entire lifecycle including EHR, practice management, scheduling and revenue management. Business-Process-as-a-Service (BPaaS, also been termed “platform BPO”) – This delivery model, typically part of Business Process Outsourcing (BPO) offers opportunities to leverage best-in-class technology and standardized yet configurable processes without major capital outlays. It sometimes provides the option of using a Software-as-a-Service layer that only encompasses the application part of the delivery stack.    About AntWorks AntWorks is a Singapore-based technology and services firm specializing in providing solutions primarily to the financial and healthcare sectors through two delivery models – BPaaS and TaaS. The company has a global presence with offices in Virginia, Qatar, London, Mumbai, and Singapore. AntWorks also has an operational 200-seat delivery center in Pune, India. Founded in 2015 by technology and outsourcing veterans Asheesh Mehra and Govind Sandhu, the USP of the company is its customer-centric approach. Driven by the principle of customer first, the mission statement of this firm is: Maintain zero distance from customer to enable faster...

ICD-10 Holiday Code of the Week | Burn By Candle

In the fourth installment of our ICD-10 Countdown to the Holidays Code of the Week Series,  AntWorks has chosen X08.8, Burn by candle.   As the nights of Hanukkah progress, the possibility of burns from the candles on your menorah steadily rise. If you’re as clumsy as we are, you could be looking at new medical bills from burn injuries! Make sure to keep your (and your children’s) fingers safe from the flames and candle wax this Hanukkah. Stay tuned next week for our fifth ICD-10 Holiday Code of the Week, and remember, if you’re struggling with your medical coding or billing vendor, AntWorks can be the next solution for your medical practice! Is your medical practice looking for new medical software solutions? AntWorks can assist with your EHR, Practice Management, Revenue Cycle Management and Medical Scheduling needs. Contact us or rquest a demo today to learn more. Request a...

Health IT Outsourcing on the Rise

Health IT outsourcing is growing in popularity as EHR Incentive Programs, ICD-10, and other health IT initiatives continue to drive the healthcare industry, and according to a recent Black Book survey, nearly 73 percent of hospitals with over 300 beds are using outsourced Health IT solutions.   After surveying over 1,030 hospital IT leaders, 240 CFOs, and over 1,000 business leaders, Black Book found an overwhelming trend toward outsourcing IT services. “Population health, analytics, revenue cycle management, EHR and HIE initiatives have accelerated IT expenses again,” said Doug Brown, Managing Partner of Black Book Market Research, and ““most hospital leaders see no choice but to evaluate and leverage next generation information and financial systems as an outsourced service in order to keep their organizations solvent and advancing technologically.” Because of this trend, 81% of provider organizations under 300 beds have also placed complex IT outsourcing in their priorities in the new year. What Motivates Hospitals to Outsource? The return-on-investment and immediate access to trained staff and needed technology are the primary motivators for outsourcing today. 90% of hospital organizations in Q3 2015 state they are at or near an immediate (3 months or less) return on their investment for IT outsourcing, and satisfaction with outsourcing vendors is also at an all-time high. 83% of the respondents also agreed on the top ten lessons in failed hospital IT contracting engagements: Outsourced IT services that should have stayed within the organization Selected the incorrect vendor for the job Neglected to realize the full costs of outsourcing Permitted the outsourced service to get out of control Disregarded employee and/or community concerns about outsourcing/offshoring Wrote ineffective...

Only a Small Percent of ICD-10 Claims Denied Due To Coding Errors

On October 1, 2015 health systems across the country transitioned to the International Classification of Diseases, 10th Revision – ICD-10. According to CMS, more than 4.6 million claims have been processed daily since the October 1st transition from ICD-9 to ICD-10, but only a small percentage of those denied claims have come from invalid ICD-10 codes.   A recent announcement from CMS explains that, while 10 percent of the claims filed between October 1st and October 27th were denied, less than 1 percent of those were denied because of invalid codes. In comparison to their historical baseline, the current ICD-10 denials due to inaccurate codes are even less than the amount of claims denied from invalid ICD-9 codes. “CMS has been carefully monitoring the transition and is pleased to report that claims are processing normally,” the announcement notes. HealthIT Outcomes and iHealth Beat quotes George Arges, senior director of the American Hospital Association’s health data management group, as saying, “The data CMS released indicate claims are being received and passing the first round of edits at rates similar to pre-ICD-10 levels.” However, he said the organization “will not have a complete assessment of the transition until mid-November,”noting, “The normal rate for processing claims from submission to payment is an average of 43 days.” CMS also plans to issue another update in November because many ICD-10 claims have not yet been fully processed. Much of this wait period is due to Medicare claims, which take several days to be processed and, once processed, also take two weeks before issuing a payment. In addition, Medicaid claims can take up to 30 days to be submitted...