AmeriVeri Provides Solution to End of “Unspecified Code” Era AmeriVeri provides ICD-10 code specificity solution to improve health outcomes and rein in costs.

GREENWOOD, Ind., Oct. 10, 2016 – On October 1, 2016 CMS ended the one year ICD-10 flexibility period. If providers now submit claims with unspecified codes when other, more specific, codes are available, CMS review contractors can deny their claims. If providers continually submit inaccurate codes, it can be a red flag which in turn can lead to an audit. To avoid being audited, CMS recommends that providers “code claims to the degree of specificity supported by the encounter and the medical documentation.” AmeriVeri (http://www.ameriveri.com), a provider of enhanced medical code verification services, helps affected parties meet these requirements, assuring the highest level of medical code specificity, and leading to more accurate patient histories.
This enhanced level of code specificity affects the collection of accurate and complete coded data, and is critical to such areas as healthcare delivery, public reporting, research, reimbursement, and policy making. Ensuring the integrity of coded data and the ability to convert the raw data into functional information requires that all official coding rules, conventions, guidelines, and definitions are consistently applied and updated. The use of uniform coding standards reduces costs, enhances data quality and integrity, and improves decision making, which leads to higher quality healthcare delivery and information.
AmeriVeri’s experience and research indicates the rate of unspecified code use today is at 31.5%. The goals of increasing code specificity are to improve health outcomes and to rein in the cost of healthcare in America. While the migration to ICD-10 and the demand for increased granularity has required a significant upfront investment, the payoff is expected to be substantial.
“A recent report provided to a workers’ compensation insurance client demonstrates the tremendous value of our process,” says AmeriVeri VP of Operations Martin Amberger. The report verified that nearly 800,000 claim lines were processed representing a total of $154 million. Errors were identified in 69,685 claim lines – a rate of about 11%. AmeriVeri has potentially saved this client more than $13 million.”
“Moreover, ICD-10 code specificity is just one aspect of the AmeriVeri verification service. We also provide a host of edits that collectively guarantee a high level of code accuracy.”
In the column of descriptions of why lines are marked as errors, a few items stand out. For instance, “Invalid DX Code” accounted for a big percentage of all errors and occurred at a relatively high rate. Similarly, the “Medical Necessity” edit – a proprietary component of AmeriVeri’s review system – contributed to $2.7 million of the $13 million in total savings. Both of these descriptors correlate to unspecified or insufficient ICD-10 codes.
AmeriVeri’s value proposition is that its code verification system averages finding 3 errors per hundred lines of code – even after claims have passed through adjudication software processes.
 The end of the ICD-10 unspecified codes grace period is not the only change that providers and payers are seeing this year. Nearly 2,000 new diagnostic codes will be added to the manual. Additions and revisions happen every year, but this year’s conjunction with the end of the grace period creates a double challenge.
Providers who are slow to adopt the new ICD-10 standards are likely to see their revenue trend downward. Alternate payment models based on patient outcomes will demand more specific codes. Therefore, the time to understand and implement these specificity rules is now. AmeriVeri enables a virtually seamless transition for both providers and payers.
“Looking ahead, accurate and precise medical coding will continue to be a vital part of guaranteeing quality of care for patients, and cost savings for payers,” concludes Amberger. “From a broader perspective, consistent coding practices are essential for planners and researchers looking to improve access to healthcare and identify areas where
more investment may be needed. AmeriVeri helps make all of this possible, without adding complexity.”
About AmeriVeri CR, LLC
AmeriVeri was founded in 2010. The company is privately held with offices located in Greenwood, IN, and Denver, CO, and affiliates in Chicago, Minneapolis, St Louis, Columbus, Cincinnati, Atlanta, and Dallas, providing nationwide enhanced medical code verification services in the Major Medical, Workers’ Comp and Medicaid arenas.
Contact:
Jim Baughman
888 354 8776 ext. 701

AmeriVeri Announces Unique Implementation of NCCI Code Edits as Part of Proprietary Medical Code Verification Technology

GREENWOOD, Ind., August 1, 2016 –
AmeriVeri (
http://www.ameriveri.com), the medical codeverification software-as-a-service, has recently enhanced its implementation of NCCI (National Correct Coding Initiative) code edits, and clients have taken note of the benefits. These include,above all, a higher-than-ever level of assurance that medical records are accurate prior to payment and archiving.
The Center for Medicare & Medicaid Services, developer of the NCCI, has recommended that all healthcare providers and payers apply these edits to their code verification process. These edits include code pairs that realistically should not be submitted together, including those that are mutually exclusive. The motivation behind the NCCI, which was first deployed in 1996, is to trim the waste that historically has plagued government healthcare systems. The initiative’s methodologies, however, are fully applicable to private systems as well. In parallel with other verification tools, NCCI edits are an important piece of the data integrity puzzle. AmeriVeri makes it easier for all financial stakeholders in the healthcare industry to assemble that puzzle.
“Data integrity is quickly becoming the most important area of processing and archiving medical
claims,” explains Steffeny Brewer, AmeriVeri Director of Claims Management. “Coding errors that go undetected are prohibitively time consuming and expensive to fix. Moreover, errors undermine the accuracy of patient histories and can drag down overall quality of care. At AmeriVeri, we’ve designed a system for reporting NCCI edits that empowers providers to apply the appropriate modifications – ensuring both data integrity and a leaner, more efficient healthcare system.”
Every stakeholder in the healthcare industry is attuned to solutions that address the challenge of producing and maintaining accurate medical records. Unfortunately, the complexity of today’s healthcare infrastructure, which includes mandatory adoption of electronic health records, provides countless opportunities for the introduction of errors. Once a payment has been made in error or a record archived, it’s nearly impossible to backtrack. Between private insurers and Medicaid, the cost of medical billing errors totals several billion dollars annually.
AmeriVeri routinely identifies 2 to 3 errors per 100 lines of code, even after that code has been inspected by other software tools. Of course, the AmeriVeri solution was engineered with more than simple cost savings in mind. The accuracy of patient medical records has lasting consequences for the continuity and quality of patient care. A significant portion of medical errors are the result of coding mistakes that were never caught. Even ignoring the health and wellness aspect, billing errors can lead to overbilling – and the current system is too complex for average patients to know a mistake when they see it.
Clients of AmeriVeri include insurance and reinsurance carriers, third party administrators, bill review providers, fraud and abuse specialists, and cost containment experts, among others. The company continues to deliver value and innovation within the healthcare billing and medical records accuracy space, and add to its bevy of proven competitive advantages.
AmeriVeri’s software-as-a-service deploys in about an hour, and provides a line-level verification of medical codes. One million claims can be processed in an hour or less producing reports listing problematic codes and the rationale for their tagging in whichever format the client requires.
About AmeriVeri CR, LLC
AmeriVeri was founded in 2010. The company is privately held with offices located in Greenwood, IN, and Denver, CO, and affiliates in Chicago, Minneapolis, St Louis, Columbus, Cincinnati, Atlanta, and Dallas, providing nationwide enhanced medical code verification services in the Major Medical, Workers’ Comp and Medicaid arenas.
Contact:
Jim Baughman
888 354 8776 ext 701

Incorrect Medical Coding Corrupts the Core Data Used by Health Care Facilities, Has Negative Consequences Throughout Health Care Industry

AmeriVeri provides seamless, pre-payment code verification to address this challenge
May 31, 2016, 08:30 ET
GREENWOOD, Ind.
,
May 31, 2016
/PRNewswire/ —
Guaranteeing accurate, consistent medical codes and patient histories is one of the major challenges for providers and payers today. Medical codes are the starting point for understanding quality of care and making needful improvements. AmeriVeri (http://www.ameriveri.com) provides a code verification process to ensure accuracy and consistency, making benchmarking and improvements possible.
“Medical codes are the core data used in every aspect of modern health care – every provider, payer and facility relies on them,” explains AmeriVeri VP of Operations Martin Amberger. “The accuracy of codes
therefore has a direct relationship with overall quality of care and the effectiveness of the system as a whole.”
Medical coding quality has an impact on multiple aspects of the health care industry. Reimbursement,
benchmarking, clinical and financial decision making, policy adoption, and research, among other domains, are
all dependent upon accurate medical codes. Moving forward, the system faces significant challenges related to
consistency in benchmarking coding quality; identification of the sources of coding errors; assessment of
strengths and weaknesses of individual coders to develop educational best practices; and assurance that all
codes represent quality data.
Injury and death are only the most serious consequences of medical coding mistakes. Overbilling customers is another possible outcome. Health finance professor Dr.Stephen Parente estimates that 30 to 40% of medical bills contain errors; the Access Project puts that figure closer to 80%. Meanwhile, Kaiser Health News concludes that $68 billion in lost health care spending can be attributed to medical billing mistakes.
The most recent iterations of coding guidelines have begun emphasizing quality of care and patient safety via
more specific codes. However, the success of that strategy still depends entirely on accurate reporting by
providers and others who handle medical codes. At the same time, several national initiatives on medical
coding have been deployed that further emphasize accuracy.
The Center for Medicare and Medicaid Services (CMS) has made Pay-for-Performance programs a priority, and
they’re rapidly expanding nationwide within both CMS and other providers. With Pay-for-Performance, providers
receive differential payments based on specific measures like patient satisfaction, clinical outcomes, structural
reforms (e.g., new IT systems) and quality of patient care. Aligning financial incentives to the delivery of optimal
care has the potential to measurably improve the efficiency of health care. Because Pay-for-Performance looks
at measures that are typically assigned a medical code, the importance of accuracy in those codes is amplified.
AmeriVeri’s answer to this challenge is a pre-payment solution that improves patients’ care and ensures
accurate medical histories. This added layer of protection offers tangible benefits to both payers and employers.
Payers enjoy peace of mind knowing their network has another layer of protection, while also receiving an
additional revenue stream. Employers can realize sizable savings for their organization and provide their
employees with continuity of care.
Standard, in-house claims management software has its shortcomings, as numerous studies have
demonstrated over the years. Errors not captured prior to payment are difficult to correct and can have lasting
effects, including both overpayment and inaccurate patient records, or worse – patient injury or death.
AmeriVeri consistently captures 3 to 4 coding errors per 100 lines of code, can verify the code accuracy of 1
million claims in 25 minutes and does so without adding new systems or tools to learn.
About AmeriVeri
AmeriVeri CR, LLC was founded in 2010. The company is privately held with offices located in
Greenwood, Indiana and Chicago, Illinois, and code accuracy is verified nationwide in the Major Medical, Workers’ Comp
and Medicaid arenas with a 1 hour turnaround.
Additional information:
www.ameriveri.com
Contact: Jim Baughman, 888.354.8776 Ext 701, or jb@ameriveri.com.

AmeriVeri Supports Transition to Value-Based Payment Programs –and Enhances Their Effectiveness

GREENWOOD, Ind., Jan. 10, 2017 /PRNewswire/ — Medical code verification services provider AmeriVeri (http://www.ameriveri.com) adamantly supports the move to value-based payment (VBP) programs for government and commercial payers. Already well underway throughout the industry, this sea change in how payments are calculated will lead to superior patient care and more precise data for EHRs, providers, healthcare policymakers and researchers. And with the help of AmeriVeri’s proprietary verification process, third party administrators (TPAs) and insurance companies can ensure that VBP programs deliver on their promise to reduce skyrocketing healthcare costs.

“The twin pillars of a well-conceived and effective VBP program are precise documentation and coding proficiency,” says AmeriVeri Director of Claims Management Steffeny Brewer. “Our purpose is to maximize that precision, saving money for payers and enabling providers and provider networks focus on achieving quality benchmarks.”

Value-based payment (VBP) programs utilize documented and coded patient outcomes to decide whether a patient was provided quality care. The top three reasons for inaccurate claims payment can be attributed to insufficient documentation, medically unnecessary services, and incorrect diagnosis coding. The proprietary service developed by AmeriVeri detects medical coding errors routinely missed by every other adjudication process.

On average, AmeriVeri identifies two to six errors per every 100 lines on medical claims. In their experience, Healthcare facilities and providers want and need to achieve accurate claim reporting, as clean claim reporting directly impacts their payment for services rendered. In between those twin goals exists the opportunities to (1) create massive healthcare savings, and (2) help assure the accuracy of medical records. The easiest, most efficient, least expensive method to achieve those goals is to utilize AmeriVeri’s proprietary process. Set up takes minutes, and turn-around time is one hour or less.

Value-based payment is a fundamentally different way of reimbursing medical claims; it rewards providers for achieving superior outcomes, and in many cases, penalizes them for complications and re-admittances. On the other hand, the fee-for-services model, which has long been the standard, looks only at volume. In other words, fee-for-services pays for inputs, while VBP pays for outputs. While this payment model can take many forms, they share the essential goals of improving care and trimming costs.

An estimated 30% of all healthcare dollars are wasted. A major emphasis of VBP is to reduce that number and slow the rapid inflation of healthcare costs. AmeriVeri shares that mission; its proprietary medical code verification process already has the capacity to save the country $6.5 billion annually in healthcare costs.

The Deficit Reduction Act of 2005 introduced the first VBP program, and the Center for Medicare and Medicaid Services rolled out a version (Hospital VBP) in 2009. Since then, the Affordable Care Act has made that program permanent. Commercial insurance companies have been quick to follow the lead of government payers. Both Anthem and UnitedHealthcare have steadily increased their commitment to numerous VBP programs. Reimbursement programs tied to value rather than volume will shortly become the standard model. The Department of Health and Human Services has set an ambitious goal for 90% of Medicare claims to be value-based by 2018. Meanwhile, the CMS reports that it’s ahead of schedule on its own goals for transition.

Making the move toward VBP programs possible has been the rollout of ICD-10 diagnostic codes. This new set of codes allows for more specificity in diagnosis, condition severity and outcomes – data points that are essential in determining reimbursement level. Industry analysts have rightly observed that providers should be embracing ICD-10 sooner rather than later.

AmeriVeri functions as a unique additional filter to assure payers that codes are effort-free. What distinguishes the service from other adjudication software is its focus on “medical necessity” — AmeriVeri’s code verification can detect when procedure and diagnosis codes do not make a logical pairing, and kick the claim back to the provider for editing and resubmittal. The service routinely identifies two to six errors for every 100 claim lines. Just as importantly, AmeriVeri safeguards the accuracy of patients’ medical records, which contributes to long-term quality of care.

The simultaneous shift toward VBP and ICD-10 is no small challenge for many providers, especially those responsible for their own coding. Billing companies, too, must make big adjustments to accommodate this new paradigm. AmeriVeri is well positioned to help this transition as smooth as possible.

About AmeriVeri CR, LLC

AmeriVeri offices are located in Greenwood, IN, and Denver, CO, with affiliates in Chicago, Minneapolis, St. Louis, Columbus, Cincinnati, Atlanta, and Dallas, providing nationwide enhanced medical code verification services in the Major Medical, Workers’ Comp and Medicaid arenas. Implementing AmeriVeri’s code verification service is fast and seamless with no new software to install, and a one hour turnaround time. AmeriVeri maintains a 100% client retention record.

Contact:

Jim Baughman
888 354 8776 ext. 701
139741@email4pr.com
www.ameriveri.com

AmeriVeri Begs the Question: “What If It’s YOUR Medical Record?”

GREENWOOD, Ind., April 4, 2016 — PR Newswire — AmeriVeri (http://www.ameriveri.com/) helps protect the integrity of Medical Records and saves patients from unnecessary, costly and possibly dangerous treatments resulting from medical coding errors. What many don’t realize is how shockingly common these errors are. 

Real-life examples of how coding errors affect lives include the denial by John Alden of a health insurance policy because of a single coding error in the applicant’s permanent medical record. The applicant had to enlist both the original and a supporting physician to review and correct the error. During that time, the individual went without health insurance – a risky proposition.

In another case, a commercial pilot was denied re-certification as a result of a coding error in his medical records. Despite having over 8,000 hours of flight time, the pilot was grounded for 3 months while the mistake was sorted out. That was three months of needlessly lost income – which affects more than just the individual patient – and significant frustration.

Medical expertise and attentiveness were the only things that saved a physician from multiple unnecessary procedures as a result of an incorrect diagnostic code. Of course, ordinary people who visit the doctor don’t have that type of knowledge in reserve, and are trusting their primary care physician’s thoroughness. The frequency with which this kind of scenario unfolds is likely greater than anyone wants to imagine.

An erroneous diagnostic code was the factor that made an expectant mother’s experience anything but joyous. Her newborn’s delivery and subsequent testing were heavily influenced by this mistake, which could have been easily avoided. AmeriVeri’s mission is to prevent all of these coding errors and thus substantially enhance patient quality of care.

“Today, medical coding mistakes are among the most serious threats to patient safety,” explains AmeriVeri VP of Operations Martin Amberger. “Thousands of people every year suffer the consequences of what amount to clerical errors. Each of those cases is unique, and virtually all of them are preventable given the right tools and practices. AmeriVeri provides an innovative tool that enhances existing error-checking systems and is a final filter ensuring the highest possible level of patient safety.”

The root causes of medical coding errors are numerous, yet it’s patients and their healthcare providers that see the results. Poor communication, inadequate training, overconfidence and simple human error can all lead to mistakes in diagnosis. In addition, the vast complexity and ever-evolving nature of diagnostic coding systems is itself a challenge for providers. The newest iteration of the International Classification of Diseases (ICD) – ICD-10 – contains more than 120,000 discrete codes that healthcare providers use to capture their diagnoses.

The medical code verification system created by AmeriVeri consistently finds 3–4 errors per hundred lines of code, a number that agrees with large statistical surveys of medical billing codes. Those errors are discovered even after the data has passed through other bill review and processing systems.

AmeriVeri’s system offers effortless deployment and a zero learning curve. Rather than replacing existing systems, AmeriVeri is an enhancement and introduces an additional layer of protection that has been proven to catch coding errors both common and uncommon. Most importantly, the technology does not create any opportunity for new kinds of code errors.

Data security is tremendously important in the healthcare industry; patient records are confidential by law, and providers are obligated to safeguard patient privacy. AmeriVeri makes this easy with its encrypted FTP transfer of data. All patient data is strongly encrypted when in motion and when at rest. AmeriVeri’s process takes less than an hour, at which time clients are immediately provided a verifiable report.

About AmeriVeri

AmeriVeri CR, LLC was founded in 2010, and fee options include Percentage of Net Savings, Per Line, or Per Claim. The company is privately held with offices located in Greenwood, Indiana, and Chicago, Illinois, and provides nationwide services in the Major Medical, Workers’ Comp and Medicaid arenas.

AmeriVeri Can Save $6.5 Billion on Healthcare in the U.S. – Every Year

GREENWOOD, Ind., Jan. 18, 2016 /PRNewswire/ — AmeriVeri (http://www.ameriveri.com/) is on a mission to take a significant chunk out of the waste and errors that contribute to healthcare overspending. The company’s flagship software-as-a-service solution finds medical coding errors that would otherwise go undetected, providing a critical last line of defense against improper payments and inaccurate medical records. AmeriVeri’s service therefore delivers measurable and meaningful benefits to every stakeholder in the healthcare system.

According to the Centers for Medicare and Medicaid Services, healthcare spending in the U.S. topped $3 trillion in 2014; there’s no reason to think that 2015 spending did not grow by several percentage points. Healthcare spending represents about 17% of the national economy. Much of the recent growth has been thanks to insurance coverage expansions made possible by the Affordable Care Act. When dealing with such huge numbers, even small medical billing and coding errors can add up to significant waste.

The proprietary service developed by AmeriVeri detects medical coding errors routinely missed by every other adjudication process. On average, the service identifies two errors per every 100 lines of code. Using a conservative estimate of just one percent, AmeriVeri can rightly claim that its verification solution, when fully implemented, could save $6.5 billion each year for payers and employers while providing significant accuracy enhancement to providers.

“The revolution of electronic medical records has not delivered on all of its promises,” explains AmeriVeri VP of Operations Martin Amberger. “Namely, electronic records have not eliminated the problem of coding errors. Our proprietary process goes a step beyond standard adjudication processes with its Medical Necessity and Service Verification Component. The intent of the codes used is an important factor that others neglect – AmeriVeri can pick out individual lines that do not warrant payment. Payers and providers can then decide how to proceed with that feedback. ”

AmeriVeri’s service applies to $650 billion of the $3-plus trillion healthcare sector. The service offers tangible and immediate benefits in the form of increased accuracy of medical claims and histories, which contributes to a patient-centered model of care. As for capacity, AmeriVeri can process nearly one million claims in fewer than 25 minutes, and all data is encrypted and confidential, both at rest and during transfer.

The AmeriVeri SaaS solution is available to insurance and reinsurance carriers, TPAs and bill review providers. The service functions as a final accuracy check in the processing of group health, workers’ compensation and Medicaid claims. AmeriVeri integrates with any adjudication software and can be deployed at any point in the workflow.

The cost and consequences of medical coding errors go beyond a simple dollar amount. For a small practice, too much lost revenue resulting from unbilled services can lead to inefficiency and bankruptcy. Likewise, excessive errors can draw the attention of regulators or be used as evidence in malpractice cases. Physicians and hospitals thus have powerful incentives to achieve 100% accuracy, yet the rules and procedures are dynamic and complicated. AmeriVeri tackles this challenge through complete compliance with all contemporary coding standards.

From the patient’s perspective, accurate coding results in a higher quality of care. Errors in medical history can ultimately lead to improper diagnoses and treatments, which factors into the rampant overspending, not to mention leading to unsatisfactory outcomes for patients. AmeriVeri seamlessly addresses all of these dimensions.

AmeriVeri strives to make implementing its service as effortless as possible – there’s no software to install, and payment is completely transparent. Clients can choose to pay for services based on a net percentage of savings created or on a per-claim/bill basis. Either way, clients can easily see and understand how much revenue is being saved via AmeriVeri’s SaaS verification process.

Avoid Fraud and Overpayment: AmeriVeri Emphasizes Importance of Using National Correct Coding Initiative to Reach 100% Clean Medical Claims

GREENWOOD, Ind., Nov. 2, 2015 – AmeriVeri (http://www.ameriveri.com/) provides insurance companies, third party administrators, and bill review companies with an efficient means to save money for clients, while also staying above board with respect to utilizing the National Correct Coding Initiative (NCCI) Edits used by Centers for Medicare and Medicaid Services (CMS). The company’s proprietary SaaS solution delivers this benefit without the need to add new layers to existing processes. AmeriVeri adds tremendous – and measurable – value throughout the healthcare chain, promoting patient-centered care as well as ensuring that employers are paying only for medically appropriate and necessary claims.

“Employers and payers alike should understand the value of following NCCI guidelines,” explains Steffeny Brewer CCS, AmeriVeri Director of Code Verification. “Non-compliance opens the doorway for fraud and overpayment. For employers, a payer that avoids NCCI edits may give the appearance of cost advantages, but any savings are wiped out by excess claims and the introduction of errors into patients’ medical records. Our solution helps providers and payers utilize all available edits without adding unnecessary overhead to the already complex process of medical claims verification.”

The NCCI was developed by the Centers for Medicare and Medicaid Services to reduce wasteful overpayment and encourage a consistent and accurate coding policy for procedures and services performed by the same provider on the same date of service. The initiative consists of procedure-to-procedure edits for healthcare providers, focusing primarily on pairings of HCPCS/CPT codes. NCCI guidelines undergo continual review to ensure all procedures are in line with current coding practices and relevant national and local policies.

A key facet of the NCCI is the elimination of unbundled services, wherein a provider is overpaid because they reported separate codes for one procedure when a single code should have accounted for the entirety of the work. The NCCI does include provisions for circumstances where unbundling is appropriate. The program also incorporates Medically Unlikely Edits (MUE) to earmark claims that are logically unlikely to be correct, such as the removal of more than one gall bladder or other age, gender and time considerations.

When the NCCI identifies an edit as optional, providers can add the -59 modifier to bypass the edit. However, the inappropriate use of this modifier is rampant. Research from the Comprehensive Error Rate Testing (CERT) program indicated that the -59 modifier was responsible for $770 million in errors in 2013.

Some payers and providers prefer to limit or entirely avoid the use of NCCI edits for the sake of simplifying verification, but this practice creates a perception of sloppiness at best, or fraud at worst. Given the proliferation of electronic medical records, there’s no longer a reasonable excuse to skirt the value of represented savings and promotion of integrability of the medical claim, especially when AmeriVeri provides a seamless, effective process for utilization of the National Correct Coding Initiative.

AmeriVeri’s line-by-line verification meets all the methodological benchmarks outlined by the CMS. The process catches an average of 2 or 3 errors per 100 lines – even after those same lines have passed through the payer’s in-house error-catching mechanisms. With an unlimited verification capacity, AmeriVeri estimates the total applicable claims volume to exceed $680 billion per year.

AmeriVeri’s proprietary SaaS solution does not replace any existing system; there’s no software to install or learn. Instead, payers submit batches of medical claims via an encrypted SFTP transmission. AmeriVeri then returns a detailed report on all errors identified in one hour or less. Ultimately, the system empowers providers to focus on their patients, gives payers confidence in the integrity of medical code reporting, and saves employers money via accurate medical claims processing.

AmeriVeri Finds Medical Coding Errors Missed by Every Other Process, in 1 Hour

GREENWOOD, Ind., Oct. 5, 2015 /PRNewswire/ — Medical claims payers demand accuracy in coding and billing, but must balance those demands against increased complexity and added overhead. AmeriVeri (http://www.ameriveri.com/) offers a proven answer that features no charge to implement.

Most importantly, AmeriVeri’s medical code verification solution precisely identifies individual line errors at the rate of 2-3 per 100 lines that go undetected by every other process.

“AmeriVeri provides a full range of code edits, many of which are offered (to some degree) elsewhere in the marketplace,” explains VP of Operations Martin Amberger. “What sets AmeriVeri apart from other review software is our Medical Necessity and Service Verification component. This proprietary, comprehensive claims analysis tool ties together all of our edits, incorporates the intent of the codes used, and allows us to identify individual claim lines that do not warrant payment as they are listed on a medical claim.”

AmeriVeri provides its confidential SaaS to insurance and reinsurance carriers, TPAs, bill review providers, and service bundlers for group health, workers’ compensation and Medicaid claims. The service costs nothing to implement and integrates smoothly with any existing adjudication software, at any point in the workflow, and in any format currently being used.

Client end users of AmeriVeri do not have to learn or interact with any new software, widgets or apps. Instead, clients forward batches of claims through encrypted SFTP. A one-hour turnaround time is guaranteed regardless of batch size, and the company’s data security conforms to the SSAE16 Type 2 standard. The service is provided on a 100% confidential basis.

AmeriVeri’s proprietary SaaS boasts unlimited capacity, and its power has been demonstrated by processing a batch of 983,000 claims – including millions of lines – in less than 25 minutes. The service applies to annual claims that industry estimates place at $680 billion.

The immediate benefits of AmeriVeri’s solution are numerous, and include increased accuracy of medical claims and histories, as well as promotion of patient-centered care and continuity of care. Rigorous code verification protects providers from potentially expensive errors, while a new revenue source is created for payers, and measurable, significant savings are created for employers.

While the integration of AmeriVeri’s SaaS solution is fast and easy, the company provides expert consultation for clients with questions about the process. An unrelenting focus on medical coding accuracy has enabled AmeriVeri to develop a solution that is unmatched in the marketplace, and continually improving the overall service ensures that AmeriVeri will maintain its leadership position.

Proprietary Solution From AmeriVeri Identifies Medical Coding Errors Before Payment

GREENWOOD, Ind., Aug. 17, 2015 /PRNewswire/ — Accuracy, consistency and efficiency are the value propositions of AmeriVeri (http://www.ameriveri.com/), the innovative verification solution to the ongoing challenge of eliminating medical coding and billing errors. The solution’s beauty lies in its ease of implementation and zero learning curve – AmeriVeri does not replace any existing systems or processes, but rather adds a cushion of accountability that has proven to catch even the smallest errors. As electronic medical records proliferate, so too will the need for creative strategies for combatting waste, reducing mistakes and guaranteeing patient-centered care.

“AmeriVeri enhances today’s coding and billing processes,” remarks Operations VP Martin Amberger, “and it does so without introducing new opportunities for mistakes or systems to learn. When data is submitted, our proprietary software verifies each line, and then outputs a report for the client. The system could not be simpler.”

The AmeriVeri system consistently finds coding errors missed by other safeguards and processes, and the system can be configured to meet any provider’s specialized requirements. AmeriVeri does not replace a provider’s billing system but rather adds an important new layer of accuracy assurance.

The process begins with encrypted and secure FTP transmittal of provider data. In less than an hour, AmeriVeri returns a full report of the data in any format requested by the client. The report earmarks problematic lines, providing a reason code and description in each case to support the system’s recommendation of nonpayment. Providers can choose whether to correct any line errors and resubmit for payment, as the circumstances warrant.

Every provider takes its own approach to resubmittal. A high rate of resubmissions, for instance, indicates that AmeriVeri is identifying bona fide errors that could affect the continuity of patient care, and the provider is being faithful and proactive in terms of accuracy. Alternatively, employers and payers can realize substantial, measurable savings when providers resubmit billing codes less frequently. The beauty of AmeriVeri is its seamless adaptability to a variety of usage scenarios.

Reporting on the American Medical Association’s 2013 National Health Insurer Report Card, Healthcare Payer News examines how the “cost of getting paid” absorbs too much revenue from the typical medical practice. In the meantime, private insurers waste up to $12 billion annually by not incorporating innovative automation to claims processing and payment. AmeriVeri offers a proactive solution for providers that want to optimize their revenue stream and trim the costs associated with systemic errors.

Those mistakes, of course, often result in more than a simple clerical error. Inaccurate patient histories and misdiagnoses can have far-reaching impacts. Similarly, ongoing healthcare reform and the subsequent growth of the insured population have put new pressures on insurance companies to maintain their profit margins. AmeriVeri protects all parties in the healthcare transaction through its verification of medical coding and billing.

Concluded Amberger: “The combination of healthcare reform and electronic medical record keeping have pushed many healthcare providers to their administrative and technical limits. AmeriVeri provides needed verification and accuracy.”

About AmeriVeri

AmeriVeri CR, LLC was founded in 2010. The company is privately held, and is located in Greenwood, Indiana. Our nationwide team provides services in the major medical, workers’ comp and Medicaid arenas.

AmeriVeri Helps Assure Accurate Medical History and Claims, Protect Provider Networks, and Save Money

 GREENWOOD, Ind.June 2, 2015 /PRNewswire/ — Medical coding errors are costly for everyone involved, yet they remain disturbingly common even in this age of electronic medical records. Reducing those costs and assuring the accuracy of patient records is the mission of AmeriVeri (http://www.ameriveri.com/), a healthcare technology firm with an innovative, proprietary solution to the ongoing challenges of medical coding and billing.

Founded in 2010, AmeriVeri’s software-as-a-service solution represents the input of 42 healthcare technology experts. “Existing software generally only checks code validity, so other types of errors can still enter the system. We go well beyond checking that a particular code is valid,” explained Claims Management Team Leader Steffeny Brewer. “Our solution determines whether the specifications for a particular code actually exist and that diagnoses and procedures are appropriately matched.”

AmeriVeri boasts the computing resources to process every major medical, group health, workers’ compensation and Medicaid claim made in the US on any given day, verifying code accuracy at the rate of one million claims every 25 minutes. Should a line be rejected, the system provides specific reasoning, streamlining any manual editing work. Turnaround time for a typical batch of claims is one hour from submission to return. Implementing AmeriVeri’s solution is simple, and data is encrypted during transmission as well as when static.

In an investigation into the architecture of healthcare billing, the Cleveland Plain Dealerreported that roughly 250 people have a hand in creating a single hospital bill. That’s 250 opportunities for errors to be introduced, and these errors not only cost time and money but also negatively impact quality of care.

Government payers are just as vulnerable to coding and billing errors. According to Medical Economics magazine, Medicare claims for evaluation and management in 2010 had an error rate of 42%. As a result, the federal government paid out $6.7 billion for incorrect codes. The Medicaid error rate may be even higher; therefore any improvements to the verification process should result in substantial savings.

AmeriVeri is available as an added service to Payers including both TPAs and Insurance Companies, and Employers benefit by helping to assure Continuity of Care and by not paying for improperly coded services. Because healthcare costs as a portion of labor costs have been on a steady climb, any opportunity to increase efficiency is certainly attractive. Payers, meanwhile, benefit from protecting their provider network, and by generating an additional revenue stream.

AmeriVeri’s software-as-a-service solution is flexible and adaptable to the needs of end users. The software can be inserted at any point in the claims processing workflow. Rather than replacing an existing step, AmeriVeri provides a seamless extra layer of certainty and security – a valuable asset in the event of an audit. The software can likewise scale rapidly to handle volume increases. Medical office staff, meanwhile, can spend less time editing documentation and more time delivering patient care.

Added Brewer: “The ready availability of medical records has meant that patients are more involved with their care than ever, and that trend is only going to continue. AmeriVeri offers patients a new level of assurance that their records are true representations of care provided.”

About AmeriVeri

AmeriVeri CR, LLC was founded in 2010, and fee options include Percentage of Savings and Flat Rate. The company is privately held with offices located in Greenwood, Indiana, and Chicago, Illinois, and provides nationwide services in the Major Medical, Workers’ Comp and Medicaid arenas.

http://www.reuters.com/article/2015/06/02/ameriveri-med-claims-idUSnPn1WTLXd+9e+PRN20150602