SAN DIEGO, CA — (Marketwired) — 10/08/13 — , a leader in all-in-one, cloud (EHR), (PM), and as well as , today unveiled AdvancedInsight, a breakthrough in business intelligence for physician practices. With up to of doctors expressing concern about the financial solvency of their practices, AdvancedInsight is a reporting suite that helps physicians and their practice managers gain better visibility into the financial health of their practices through a 360-degree view.
AdvancedInsight delivers powerful business intelligence and big data capabilities that allow for at-a-glance analysis of a practice-s finances on a single dashboard. Practice administrators, billing staff and physicians can monitor claims outcomes by procedure type and payor performance details, allowing for better optimized practices and improved bottom lines.
“We are continuing to innovate our integrated practice management and EHR solution to increase productivity, improve revenue performance and enhance the patient experience,” said Steven ZoBell, CTO and VP of Product Development, ADP AdvancedMD. “Practices need closer monitoring of their financial data in light of decreased reimbursement, an increased need for data sharing, and shifting healthcare regulations like MU2 and ICD-10. Better insight into the data provides practices with a comprehensive understanding of revenue and operations and we-re delighted to bring these new capabilities to our clients.”
More than half of physician specialties forecast an increase in their patient count due to an expected influx of patients under the Affordable Care Act. Improved management of reimbursements will be critical to manage private practice finances.
“Without having access to robust data or sophisticated tools for reporting on that data, most physicians and their practice managers make financial decisions off of a -gut feel,-” said Curt Hill, CEO, PMRG. “AdvancedInsight gives the independent physician practice analytics that are based on sound business fundamentals and are easy enough that most anyone can run. Now practices can better manage to key performance indicators such as which plans are underperforming, where the leaks are in revenue, or where modifying staff count would make strong financial sense.”
AdvancedInsight is expected to be available early 2014.
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Jim Elliot
VP of Marketing
ADP AdvancedMD
801-984-9500
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