Trend Toward Data Automation Enables Healthcare Organizations to Witness Significant Cost Savings Upwards of $4 Million
CLARK, N.J., September 23, 2008 – DB Technology, a recognized leader in the field of automated information and report distribution, today announced the launch of Enterprise RAS, a combination of the company’s highly successful software modules RAS, RASi and RAS eForms. With its comprehensive integrated solution designed to automate and streamline a variety of paper-centric processes, DB Technology is taking the pain out of the paper silos permeating healthcare organizations big and small. Using Enterprise RAS, hospitals and healthcare facilities are now able to realize significant cost savings and operational benefits. Programs have also been established to easily migrate existing RAS customers to Enterprise RAS.
“With hundreds of customer deployments over the past 25 years we have a deep knowledge of automating paper processes in the healthcare industry and we recognize that it is not an easy problem to solve,” stated Roger Travis, president of DB Technology. “Our Enterprise RAS is an integrated software suite designed to offer users a painless, easy to use electronic document management solution. A 200-bed hospital for example can realize $1.2 million in cost savings within the first six months of deployment,” he added.
Enterprise RAS is designed to reduce costs within hospitals by automating the various paper processes by capturing and organizing information into easily accessible electronic patient and/or departmental folders. These business solutions provide stakeholders with a return on investment (ROI) within a three to six month period. Enterprise RAS manages the flow of actionable information to the right people in the right format at just the right time. It provides users with access to information on-demand so they can make better, faster and more accurate business decisions.
Healthcare providers understand the prudence behind streamlining the colossal mounds of paper that plague every facet of the healthcare system from patient registration to remittance and everything in between. The ability of a healthcare organization to easily access and utilize data to make effective and meaningful business decisions is critical. Healthcare administrators recognize that staying fiscally fit and healthy depends upon sound business decisions designed to leverage innovations in technology. Being able to replace the endless stream of paper that plagues the industry with more than a band-aid fix is necessary and essential.
With Enterprise RAS, healthcare organizations benefit from improved revenue cycles that come with increased efficiencies in workflow automation, minimized paper trails, shortened accounting cycles, streamlined operations, and enhanced Health Insurance Portability and Accountability Act (HIPPA) regulatory compliance.
According to the American Hospital Association, a key driver in the push to implement automated document management software is the Medicare Recovery Audit Contractor (RAC) program designed to identify improper Medicare payments – both overpayments and underpayments. The Centers for Medicare & Medicaid Services (CMS) has authorized the expansion of this program to all fifty states by 2010. Using automated software programs to identify potential payment errors in such areas as duplicate payments, fiscal intermediaries’ mistakes, medical necessity, and coding is a key component to the success of the RAC program.
“The value of Enterprise RAS with its ability to provide immediate retrieval of business, financial and patient clinical documents is that it can greatly ease and streamline processes for RAC audits, legal discoveries and required compliance auditing,” noted Greg Park, product manager of DB Technology.
For example, healthcare provider Saint Clare’s Health System, a member of Catholic Health Initiatives (CHI) has witnessed firsthand the power of Enterprise RAS. Northwestern New Jersey’s premier provider of community-based healthcare and behavioral health services, the 500-bed Saint Claire’s Health System has seen a reduction of expenses, increased productivity and approximately $1.1 million in savings through the use of the scanning component of Enterprise RAS. According to Saint Claire’s Richard S. Temple, vice president of IT/CIO, “Having a powerful suite of tools like Enterprise RAS enables us to not only better serve the needs of our patient population, but to realize economies of scale by leveraging the trend toward data automation.”
About Enterprise RAS
Enterprise RAS enables hospitals and other healthcare organizations to easily streamline and manage the paper cycle. Enterprise RAS automatically transforms data into actionable information by capturing data from any application without the use of interfaces. Once captured the information is easily searched and retrieved in a secure environment. There are three main components to Enterprise RAS: RAS, RASi and RAS eForms.
Enterprise RAS is designed to address the critical function of financial and operational information capture and report distribution, which in hospitals spans everything from patient registration to remittance. The software solution effectively maximizes revenues while streamlining the workflow automation process and eliminating paper.
Enterprise RAS is designed to breakdown departmental document silos by enabling users to seamlessly capture a host of financial and clinical documents including: Explanation of Benefits (EOBs), advanced directives, referrals, face sheets, and eligibility reports to name a few.
RASi, adds a scanning component to the platform automatically captures and organizes valuable information and converts it into digital format, which is easier to manage and distribute.
The RAS eForms module which eliminates the need for pre-printed forms and the stacks of paper on which they are created. RAS eForms can create bar-coded forms, including patient ID bands, making it easy to keep all actionable data in one electronic patient folder, eliminating many manual processes. Enterprise RAS easily integrates with leading healthcare and financial information systems including Epic, Cerner, Siemens, MEDITECH, McKesson, QuadraMed, PeopleSoft, and Lawson.