IT companies help with new DRG prep
Ingenix, based in Eden Prairie, Minn., has entered into a strategic partnership with Precyse Solutions in Wayne, Pa., to provide hospitals with a package of services to help prepare for Medicare’s new severity-adjusted diagnosis-related groups (DRGs).
The new DRGs go into effect on Oct. 1 and require that providers capture more detailed codes to identify complications and comorbid conditions to achieve maximum Medicare reimbursement. Ingenix’s Hospital Impact claims data analysis software lets users create reports on the potential impact of the new DRGs on their financial performance. Precyse will provide consulting services, analyzing these reports. Precyse will then conduct a more detailed audit of the hospital’s weakest coding areas and recommend action, such as customized training.
The new DRGs go into effect on Oct. 1 and require that providers capture more detailed codes to identify complications and comorbid conditions to achieve maximum Medicare reimbursement. Ingenix’s Hospital Impact claims data analysis software lets users create reports on the potential impact of the new DRGs on their financial performance. Precyse will provide consulting services, analyzing these reports. Precyse will then conduct a more detailed audit of the hospital’s weakest coding areas and recommend action, such as customized training.