DETROIT, Feb. 18, 2013 (GLOBE NEWSWIRE) -- Covisint, a Compuware (Nasdaq:CPWR) company, announced today that it has surpassed the $30 million mark in money returned to healthcare customers through the company's easy-to-use, PQRS solution. This achievement extends Covisint's position as one of the nation's PQRS submission leaders.
The March 8, 2013, PQRS submissions deadline is fast-approaching for the final opportunity to earn reimbursements in the last penalty-free year of this program. Covisint provides multiple reporting options, including a larger enterprise data-mining solution and, for individual providers or smaller practices, a web application that can take as little as 30 minutes to satisfy PQRS submission requirements.
As ACO and other shared savings programs expand, Covisint's PQRS submission program offers a speedy path to gain experience in ACO reporting due to the overlap in chronic disease and preventive care measures. Covisint has a 90 percent-plus PQRS customer retention rate.
Covisint lets providers use data captured during patient encounters, traditionally enabling them to earn an average of $1,000; practices can earn up to as much as $18,500 depending on their Medicare Part B Fee-for-Service allowed annual charges. This year, Covisint encourages providers to report for three key reasons:
1. to earn the 0.5 percent bonuses available from Centers for Medicare and Medicaid for 2012;
2. to gain the experience needed to successfully report in 2013--avoiding payment penalties of 1.5 percent on their 2015 fee schedule; and,
3. to collect and report information needed to maximize ACO, medical home and other shared-savings program payments.
Covisint helps eligible providers, ranging from single-physician practices to large, multi-specialty groups to hospitals. Both electronic and paper data collection methods can be accommodated. This year, Covisint added seven new measure groups and an individual measure reporting option that enable more physician specialties--for example, ophthalmologists, radiologists, anesthesiologists, etc.--to easily take advantage of CMS reimbursements.
"Covisint's continued thought- and revenue-leadership for PQRS has resulted in an incredibly intuitive and cost-effective solution," said Steve McDonald, Covisint Vice President of Healthcare. "We will continue to earn the confidence of customers seeking reimbursement from PQRS, ACO and other programs rewarded on quality and performance metrics."
Covisint Healthcare meets healthcare organizations where they are in their technology adoption, enabling them to mature into a fully functioning, clinically integrated community with multi-system integrations and advanced analytics. Covisint delivers high value to accountable care stakeholders by supporting a comprehensive health information technology roadmap that fills the gaps left by existing technology investments. Covisint's agnostic platform enables the free, secure flow of information with the customer in full control, helping healthcare providers avoid being reliant upon one vendor, payer or HIE. Covisint healthcare works with or without an existing EMR system.
To speak with Covisint directly, call 866-823-3958 or email the company at info.covisint@covisint.com.
Covisint, a Compuware Company
Covisint provides the leading cloud engagement platform for creating and enabling new mission-critical external business processes. Our solutions enable organizations to connect, engage, and collaborate with the critical external audiences that define their success -- including customers, business partners, and suppliers. Covisint allows its clients to establish a secure, reliable, integrated presence in the cloud, and offer the kind of engaging information experiences that people everywhere have come to expect. Learn more at www.covisint.com.
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Compuware Corporation
Compuware Corporation, the technology performance company, provides software, experts and best practices to ensure technology works well and delivers value. Compuware solutions make the world's most important technologies perform at their best for leading organizations worldwide, including 46 of the top 50 Fortune 500 companies and 12 of the top 20 most visited U.S. web sites. Learn more at: http://www.compuware.com.
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