Covisint Helps Health Care Providers Capture Incentive Payments
The Covisint subsidiary of Detroit-based Compuare Corp. (Nasdaq: CPWR) Wednesday announced that it had accelerated successful provider payments for physician offices and large health systems from the Centers for Medicare & Medicaid Services for the 2009 Physician Quality Reporting Initiative.
Using Covisint DocSite PQRI, payments ranged from hundreds of dollars for small offices to hundreds of thousands for larger health systems, even topping more than $450,000 for one organization.
Covisint is a platform-as-a-service provider for health information exchange systems.
Covisint DocSite was the highest volume clinical submission registry for PQRI in 2009 with more than 4,500 successful submissions, and it has been a successful submitter of PQRI data on behalf of eligible professionals since 2008. For 2010, Covisint DocSite — a CMS-certified registry for reporting PQRI data — is on track to help more than 10,000 providers obtain these incentive funds.
CMS offers the bonus for delivering excellent care through participation in this voluntary quality reporting program. In 2010, PQRI participation is at its most lucrative, paying two percent of Medicare fees and an extra two percent bonus if providers use ePrescribing technology — a registration and payment system that Covisint DocSite also facilitates. In 2011, the incentive percentage decreases.
“Covisint helps physicians easily qualify for PQRI incentive payments by cutting through administrative and technological complexity,” said Brett Furst, Covisint vice president of health care. “Covisint DocSite makes PQRI reporting simple by submitting clinical data to CMS using a qualified registry. This is another great example of how physicians and providers can realize immediate value in care delivery.”
For additional information regarding Covisint DocSite PQRI, or to register for these incentives, visit www.covisint.com/web/guest/healthcare/docsitepqri.
(c) 2010, WWJ Newsradio 950. All rights reserved.