MTBC Educates Providers Regarding Establishing Accountable Care Organizations
questions such as:
• What are the common characteristics of existing ACO’s?
• What does the ACO application process entail?
• What are the timelines associated with the ACO application process?
• What are the financial implications of participating in an ACO?
• How does Medicare calculate shared savings and losses?
• What are the technology requirements of an ACO?
• What are the analytical and reporting capabilities required for an ACO to be successful?
Stephen Snyder, MTBC President, explained,” Providers can find many high level overviews about the pros and cons of ACO's, but there is a lack of practical guidance for anyone wishing to actually pursue the MSSP program. Our webinar was directed towards providing this practical guidance without all the jargon that often complicates the decision making process.”
The overarching objective of the ACO model is to bring about a reduction in costs while increasing the quality of healthcare. There are many intricacies involved in setting up and managing a successful Accountable Care Organization. “Realizing the ACO’s envisioned savings and quality enhancements requires the right technology infrastructure,” stated Hamza Rehman, MTBC Chief Business Intelligence Officer. “ACO Management may either partner with an end-to-end solution provider, such as MTBC, or purchase the required components from different vendors and then weave them together – a daunting task to say the least.”
MTBC’s EHR provides seamless integration of all healthcare partners involved in an ACO. It allows for the capture of all relevant clinical and financial information at the point of care and for its subsequent dissemination to all the necessary healthcare participants across the continuum.
It ensures that the right information is captured and delivered to the right parties at the right time and in the right form. Even if all ACO participants are not using the MTBC EHR, MTBC’s robust interfacing and HIE capabilities allow us to transparently bridge the disparate systems to achieve true consolidation, coordination and integration.
Additional details regarding the webinar series will be made available on MTBC’s website. To watch a complimentary recording of the Accountable Care Organizations webinar, please click here
Founded in 1999 and based in Somerset, New Jersey, MTBC provides fully-integrated practice management (PM), revenue cycle management (RCM) and proprietary Electronic Health Record (EHR) software solutions to private physician offices and hospital-employed provider groups throughout the United States. Its competitively priced premium products, PracticePro™ (EMR, PM, and RCM) and ChartsPro™ (standalone Electronic Medical Record - EMR software), present a service suite unmatched in the industry for their scope and value. MTBC has been consistently recognized as a Deloitte Technology Fast 500 company – 2009, 2010, 2011 and 2012 – and has also been recognized during each of the last three years as an Inc. 500│5000 company.
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Stephen Snyder, President
Medical Transcription Billing, Corp.
Telephone: (732) 873-5133 x113
Fax: (732) 873-3378