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Omega Medical Solutions Selects Allscripts Practice Management and Allscripts Payerpath Revenue Cycle ManagementCHICAGO and MYRTLE BEACH, S.C., July 2, 2009 /PRNewswire-FirstCall via COMTEX/ -- Allscripts (Nasdaq: MDRX) announced today that Omega Medical Solutions, a Myrtle Beach, SC-based medical billing and consulting agency, has selected Allscripts Practice Management and Allscripts Payerpath(TM) claims management solution for its physician practice clients across South Carolina and the surrounding states. (Logo: http://www.newscom.com/cgi-bin/prnh/20081013/AQM041LOGO) Omega selected Allscripts based on their experience using other practice management solutions and watching Allscripts Practice Management move to the forefront with high-value updates focused on simplifying and speeding client workflows, according to Lori Chavis, a partner in Omega Medical Solutions. At one point, Omega performed a side-by-side speed test involving Allscripts and other major practice management solutions, and Allscripts "won hands-down, 2-to-1," Chavis said. "Being in the billing business, it's important for us to process data accurately, but we also have to do it as quickly as possible," said Chavis. "We will support more clients with less, do it consistently, and with the highest of quality and quantity. This not only benefits us but allows us to provide our clients with a state of the art practice management system and maximum reimbursement at lower cost." Allscripts Practice Management is the most advanced medical practice management system available today. Combining sophisticated billing and scheduling tools in a single package, Allscripts Practice Management's user-friendly interface and extensible design help provide a fast return on investment for any practice size. Allscripts Payerpath claims management is a complete revenue cycle management solution that provides an easy-to-use, secure method for electronically submitting insurance claims to payers quickly, accurately and cost effectively. Claims are uploaded from the practice management system to the Network Operating Center (NOC) where payer, specialty and HIPAA-specific edits are applied. Claims that pass all edits are sent to the individual payers for processing and claims that fail any edits are immediately available for correction prior to payer submission. Payerpath is used by thousands of physician groups across the U.S. to process more than 260 million claims annually and 500 million revenue cycle management transactions. Combining the two solutions in a single package enables Omega to automate tasks for their clients that would otherwise require back-and-forth shuffling between their practice management system and claims clearinghouse software. Now when Omega updates a claim in Payerpath, the information is immediately and automatically updated within Allscripts Practice Management - saving time and ensuring more accurate claims submissions for prompt payment. Payerpath's point-of-service verification of insurance coverage is another "huge value proposition," said Chavis. "In this economy, more and more patients have lost insurance or changed insurance and they often don't share that information with the front desk. Now our clients can push a button while working in Allscripts Practice Management and have that information immediately available from Payerpath. That's almost priceless." Allscripts Chief Executive Officer Glen Tullman commented, "Omega Medical Solutions has demonstrated strong leadership by providing their physician clients - including many of our own clients - with the practice management and revenue cycle management capabilities they need to thrive in today's challenging healthcare market. As the nation's largest physician-focused claims clearinghouse, our Payerpath solution in particular gives Omega's clients the credibility, experience and results that payers demand, which means they get reimbursed for their services more quickly and with less hassle." "The important factor here is the integration between the electronic health record and the billing system," added Warren Ratley, M.D., Vice President of Physician Services for Conway Physicians Group, an integrated physician network affiliated with Conway Medical Center in Conway, S.C., that is both an Omega client and a user of Allscripts Electronic Health Record and Practice Management. "It's critical that we have an all-in-one product to support the development of a community health network with practice management and electronic health records and as many physicians as possible in the community on the same system so they can provide better patient care." Omega will deliver both Allscripts Practice Management and Payerpath to their clients over the Internet via the Software as a Service (SaaS) model, a simple, affordable means of delivering vital patient information to caregivers without the upfront costs of purchasing new equipment to host the solution themselves. The SaaS model also speeds deployment and is becoming an increasingly important option for mid-size and independent practices. About Omega Medical Solutions Omega Medical Solutions is a full service medical billing and consulting company. Omega was founded on the basis of integrity, honesty and respect for the medical practice. Every practice deserves the experience, tools and professionalism it takes in today's market to collect every dollar available through their reimbursement process. The staff of Omega Medical Solutions is professionally and specifically trained to handle the ever-changing difficulties associated with a professional medical practice. About Allscripts Allscripts uses innovation technology to bring health to healthcare. More than 160,000 physicians, 800 hospitals and nearly 8,000 post-acute and homecare organizations utilize Allscripts to improve the health of their patients and their bottom line. The company's award-winning solutions include electronic health records, electronic prescribing, revenue cycle management, practice management, document management, medication services, hospital care management, emergency department information systems and homecare automation. Allscripts is the brand name of Allscripts-Misys Healthcare Solutions, Inc. To learn more, visit www.allscripts.com. This news release may contain forward-looking statements within the meaning of the federal securities laws. Statements regarding future events, developments, the Company's future performance, as well as management's expectations, beliefs, intentions, plans, estimates or projections relating to the future are forward-looking statements within the meaning of these laws. These forward-looking statements are subject to a number of risks and uncertainties, some of which are outlined below. As a result, actual results may vary materially from those anticipated by the forward-looking statements. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are: the volume and timing of systems sales and installations; length of sales cycles and the installation process; the possibility that products will not achieve or sustain market acceptance; the timing, cost and success or failure of new product and service introductions, development and product upgrade releases; competitive pressures including product offerings, pricing and promotional activities; our ability to establish and maintain strategic relationships; undetected errors or similar problems in our software products; compliance with existing laws, regulations and industry initiatives and future changes in laws or regulations in the healthcare industry; possible regulation of the Company's software by the U.S. Food and Drug Administration; the possibility of product-related liabilities; our ability to attract and retain qualified personnel; our ability to identify and complete acquisitions, manage our growth and integrate acquisitions; the ability to recognize the benefits of the merger with Misys Healthcare Systems, LLC ("MHS"); the integration of MHS with the Company and the possible disruption of current plans and operations as a result thereof; maintaining our intellectual property rights and litigation involving intellectual property rights; risks related to third-party suppliers; our ability to obtain, use or successfully integrate third-party licensed technology; breach of our security by third parties; and the risk factors detailed from time to time in our reports filed with the Securities and Exchange Commission, including our 2007 Annual Report on Form 10-K available through the Web site maintained by the Securities and Exchange Commission at www.sec.gov. The Company undertakes no obligation to update publicly any forward-looking statement, whether as a result of new information, future events or otherwise. SOURCE Allscripts http://www.allscripts.com |