5010 is the new health care electronic transactions standard that will be put into effect on January 1, 2012. The new standards cause sweeping changes to the manner in which electronic billing transactions are coded. Iridium Suite will be fully compliant with the new 5010 standards prior to the January 1, 2012 deadline. As a result, each of our customers will also be fully compliant with 5010. 5010 compliance will be provided to Iridium Suite’s customers at no additional charge. The necessary system changes for 5010 will be completed by our IT staff and will require no work on the part of our customers or their staff. Read more about 5010 here.
by Shavara
Shavara has the accumulated 'experience capital', the market know-how, the intricacies of coding, billing and connectivity that we have 'learned'. It is the basis of the work we do in Catalysis - Shavara's Professional Services Engagements.
ThinkCatalysis
Revenue Cycle Management: solved.
What is Catalysis?
To "catalyze" is to rapidly advance by applying powerful tools and industry expertise. Catalysis becomes the process to gain access to the power, apply it to solve gaps and vulnerabilities - then rapidly advance. Shavara possesses the tools to apply Catalysis via collaborative engagements. Our infinite targets are the enterprise organizations: Hospitals, clearinghouse processors, Insurance companies (payers), and large physician practices, peppered throughout the Healthcare system that all share equally the challenges, pitfalls, inefficiencies, ineffectiveness, and the deliberate speed-bumps placed there by bureaucrats to slow down the revenue cycle.
What are the costs of these speed-bumps to the Healthcare system? The costs are in the billions.
Inefficiencies / ineffectiveness
- a higher cost of money due to extended A/Rs
- a higher cost of operating due to the number of additional staff required to research and chase down A/Rs
- a decline in the quality and calibre of care - care outcomes due to the necessity of placing so much cost on the administrative and operational side of the equation
Therefore, solving this eliminates and holds the potential to improve organizational effectiveness, reduce the cost of healthcare and improve healthcare outcomes.
So, who is Shavara? What is that old lamp on the corner of the desk?
That lamp holds wisdom. The cumulative potential of that wisdom holds the potential to dramatically impact operational effectiveness and improve healthcare outcomes.
Contact Us Now
For Information on Catalysis contact Shavara's Services Division
