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AmeriVeri CR Celebrates Two Years, Discovers Diffusion of Innovation

Tech company continues to grow, learns that Health Care and Insurance fit Mr. Rogers’ theory.

Indianapolis, IN (PRWEB) February 16, 2012

The aforementioned Mr. Rogers is not the guy with a closet full of sweaters who could sing a song to explain anything, but rather the late Everett M. Rogers. In the 1960’s, Rogers popularized a theory known as the Diffusion of Innovation which addresses the adoption rate of innovations by society and its individuals.

Recently, AmeriVeri CR celebrated the two year anniversary of its founding and four year anniversary since research and development began in 2008. While the conversion rate of start-up companies that make it past the 2 year mark varies by industry, it is an accomplishment nonetheless. Additionally, those that surpass 4 years are even fewer. “We recognize the challenges associated with both new business and new technology, and we congratulate our operations, technology, and business development teams across the country on their early success and continued dedication” says Jim Baughman, CEO and Co-Founder of AmeriVeri CR.

The company initially discovered a relatively slow adoption curve within the industry. This particular curve is an example of Diffusion of Innovation which was made popular by Everett Rogers more than 50 years ago.

While the specifics of this theory are statistical in nature, the principle is rather simple. Throughout the life of an innovation (from conception to complete market saturation) those who adopt the innovation at varying stages can be described as Innovators (2.5%), Early Adopters (13.5%), the Early Majority (34%), the Late Majority (34%) and the Laggards (16%). In other words, members of society adopt all kinds of new innovations at different speeds depending on how they arrive at their decision to adopt or not adopt something new.

Nearly all innovations brought forth by mankind are subject to this theory, but diffusion of innovation can most easily be recognized in the technology field. The life cycle of an Apple product is a solid example.

In the United Kingdom, the National Health Service (NHS) recently acknowledged the diffusion of innovation in health care and has set out to encourage faster adoption of new technology, especially those technologies that add value but not cost to health services.

Over the past two years, AmeriVeri CR has brought to life a concept that fits a similar model by creating savings for insurance companies, third party administrators and their clients without adding any costs. The technology is focused on verifying codes found on medical claims. Today, AmeriVeri CR has spanned the country and is currently working with a significant number of organizations ranging in size and service offerings but having one thing in common: they are what Mr. Everett would refer to as ‘Early Adopters.’

The introduction of AmeriVeri CR to the market place is a real life example of Everett Rogers’ theory. “Everyone has their own reasons for wanting to adopt or not adopt, but it’s really just a matter of time for most people” said Martin Amberger, VP Marketing for AmeriVeri CR. “We understand that the implications associated with choosing a software vendor are much greater than those associated with buying a new phone, and it’s our job to walk our clients through the decision making process.”

AmeriVeri CR is a Medical Code Clearing House with a sole focus on identifying medical code errors. Clients include health insurance companies, third-party administrators, workers’ compensation programs, and Medicaid services. AmeriVeri CR, LLC is privately held and based in Indianapolis, IN.

More information on this story can be found at http://www.ameriveri.com

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Two Years (and Millions of Claim Lines) Later…

AmeriVeri CR celebrates its second anniversary while continuing to grow.

Indianapolis, IN (PRWEB) January 31, 2011 –

While the conversion rate of start-up companies that make it past the 2 year mark varies by industry, it is an accomplishment nonetheless. Additionally, those that surpass 4 years are even fewer. “We recognize the challenges associated with both new business and new technology, and we congratulate our operations, technology, and business development teams across the country on their early success and continued dedication” says Jim Baughman, CEO and Co-Founder of AmeriVeri CR. The company, based in Indianapolis, recently celebrated its two year anniversary since founding in January 2010 and four year anniversary since research and development began in 2008.

Over these past four years, AmeriVeri CR has transformed an abstract idea into reality. Upon founding, the company quickly secured necessary funding and within the next six months had completed the daunting task of building a ‘workhorse’ claims processing system with one particular focus: medical coding accuracy.

Rigorous testing followed shortly thereafter and was trailed by the launch of a nationwide marketing initiative to reach insurance companies and third party administrators. As 2010 drew to a close AmeriVeri CR began to secure its first client contracts, anxious to begin the 2011 calendar year.

In 2011, AmeriVeri CR completed its first successful client implementation and discovered the excitement associated with being discovered. Today, AmeriVeri CR has spanned the country and is working with a significant number of organizations ranging in size and service offerings.

For more information on the AmeriVeri story visit their website www.ameriveri.com

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AmeriVeri CR is a privately held company based in Indianapolis, IN.

 

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Health Care Tech Company Begins Social Media Initiative

AmeriVeri CR Re-Launches Company Blog; Joins LinkedIn, Twitter, Facebook

Indianapolis, IN (PRWEB) January 25, 2012

AmeriVeri CR will now be posting to its blog on a regular basis to keep clients, associates, and all interested parties abreast of breaking news, exciting stories and articles relevant to the industry.

To join the conversation on Health Care, Medical Coding, and related topics you can now follow AmeriVeri CR on LinkedIn, Twitter, and Facebook.

Updated blog and contact details can be found at http://www.ameriveri.com

AmeriVeri CR is a privately held company based in Indianapolis, IN.

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The official press release can be viewed at http://www.prweb.com/releases/2012/1/prweb9132559.htm

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Diffusion of Innovation Meets Healthcare

Adoption of new technology epitomizes Mr. Rogers theory popularized in the 1960’s. Healthcare and Insurance are no exception.

By Martin Amberger

No, were not talking about the nice guy with a closet full of sweaters who could sing a song to explain anything. The aforementioned Mr. Rogers actually refers to the late Everett M. Rogers who popularized the Diffusion of Innovation theory which addresses the adoption rate of innovations by society and its individuals.

While the specifics of Rogers’ theory are statistical in nature, the principle is rather simple. Throughout the life of an innovation (from conception to complete market saturation) those who adopt the innovation at varying stages can be described as Innovators (2.5%), Early Adopters (13.5%), the Early Majority (34%), the Late Majority (34%) and the Laggards (16%). In other words, members of society adopt all kinds of new innovations at different speeds depending on how they arrive at their decision to adopt or not adopt something new.

While the theory applies to nearly all innovations brought forth by mankind, diffusion of innovation can most easily be recognized in the technology field. Insert Apple example here.

In the United Kingdom, the National Health Service (NHS) recently acknowledged the diffusion of innovation in health care and has set out to encourage faster adoption of new technology, especially those technologies that add value but not cost to health services.

Over the past two years, AmeriVeri CR has brought to life a concept that fits a similar model by creating savings for insurance companies, third party administrators and their clients without adding any costs. The technology is focused on the verification of diagnosis and procedure type codes found on medical claims.

This week, AmeriVeri CR will celebrate its two year anniversary since founding in January 2010.

During the last two years a highly specialized team of individuals came together to create the system housed in Indianapolis, IN. And in June of 2010 the company launched a nationwide marketing initiative to reach insurance companies and TPAs in numerous markets. Today, AmeriVeri CR has spanned the country and is currently working with a significant number of organizations ranging in size and service offerings but having one thing in common: the fact that they are Early Adopters.

The introduction of AmeriVeri CR to the market place is a real life example of Everett Rogers’ theory. “Everyone has their own reasons for wanting to adopt or not adopt, but it’s really just a matter of time for most people” says Martin Amberger, Marketing Director for AmeriVeri CR. “We understand that the implications associated with choosing a software vendor are much greater than those associated with buying a new phone, and it’s our job to walk our clients through the decision making process.”

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$300 Million Verified in 45 Minutes by AmeriVeri CR

Efficiency increases for insurance companies and TPAs

Indianapolis, IN (PRWEB) August 09, 2011

AmeriVeri CR is a Medical Code Clearing House which verifies the coding accuracy of group health, workers’ comp and Medicaid claims. Insurance companies and third party administrators of all sizes use the certified process to maximize savings for their clients nationwide.

In processing a recent batch of claims, the AmeriVeri CR system verified 2.7 million claim lines representing more than $300 Million in less than 45 minutes. According to Arthur Yates, VP Technology, “We continue to refine our unique process and strive to be as efficient as possible.”

AmeriVeri CR has also launched the newly redesigned http://www.ameriveri.com. “Our new site provides a greater sense of the value created by AmeriVeri CR, has been designed for faster, easier navigation, and contains expanded information regarding our service offerings” said Martin Amberger, VP, Marketing Communications.

Founded in January of 2010, AmeriVeri CR is a privately held company based in Indianapolis, IN.

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Healthcare reform gets a multi-million dollar headstart with AmeriVeri CR of Indianapolis

By Darlene Jordan

What is AmeriVeri CR?

AmeriVeri CR is a privately held LLC in Indianapolis, Indiana consisting of numerous specialists in various areas of computer technology and medical coding. This group has achieved technological advancements never before heard of in the health care industry. AmeriVeri CR has put together a team of specialist including programmers, engineers, hosting and database experts, and coding professionals all with a vast knowledge and experience in their area of expertise.

The specialists at AmeriVeri CR have combined their expertise to develop an application and methodology capable of saving many millions, if not billions, of dollars throughout the health care and insurance industries.

AmeriVeri CR uses proprietary methods to verify medical claims coding accuracies at a speed previously unheard of. Using technology beyond the understanding of most laymen, they have combined automation, cloud hosting, a certified environment, and their own mapping applications to perfect verification of health care coding.

Can your coding compare?

Is your coding accuracy good enough to match a 1% resubmission rate or a rate of 0.1% appeals? It’s highly unlikely that any human process can achieve such remarkable statistics. Assuredly, the human processes cannot achieve this accuracy at the speed of AmeriVeri CR.

If AmeriVeri CR is put to the test and can truly verify all workman’s compensation, Medicaid, and group health claims in the entire United States every day, why would everyone not be using this type of expertise? As reported by PR Web, this system was able to process 975,000 claims in 22 minutes. Combining this type of speed with the accuracy rates professed by AmeriVeri CR, could potentially save astronomical amounts of money.

With the ability to save one client greater than a million dollars, would it not be wrong for any organization, government, or institution not to use this type of perfection? With all of the health care reform movements going on today, has anyone looked at this product with a truthful investigation?

Initials well recognized

Combining speed, accuracy, money savings, and the ability to satisfy some of the biggest regulating bodies in health care including:

Centers for Medicare & Medicaid Services (CMS),
American Medical Association (AMA),
Department of Health and Human Services (DHHS), and
Health Insurance Portability and Accounting Act (HIPAA).

AmeriVeri CR is likely to be one of the greatest medical fiscal discoveries in many, many years. Most, if not all, health care organizations are all too familiar with these governing bodies and realize the criticality of satisfying their every requirement. If AmeriVeri CR could be utilized by the masses and help to stop fraudulent claims and erroneous claims, money is not all that would be saved. Many lives would be saved in the long run because the funds now being paid and/or used incorrectly, can be used to improve research and health care availability to those in need.

How can you find out about AmeriVeri CR?

AmeriVeri CR appears to be a pretty transparent operation. They openly offer their contact information to their entire team. Beginning with the president and CEO and proceeding through the business team, advisors, and consultants, they willing provide email addresses and phone numbers for any contact you would desire to talk to.

Visit AmeriVeri CR contact us to find just the right person to help save you some necessary health care dollars. If you happen to be in or near the Indianapolis area and would like to meet with them in person, try giving them a call, they will likely be more than happy to talk to you.

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AmeriVeri CR Reaches Healthcare Savings Milestone

New technology verifies medical coding accuracy

(Indianapolis, Indiana) – AmeriVeri CR, a new technology for verifying the codes used in medical claims, recently processed 975,000 claims in under 22 minutes from start to finish. In this instance, the system will generate annual savings for the client company in excess of $1,100,000.

Hosted in the BlueLock SAS70 Type II certified cloud environment, the system is capable of verifying the code accuracy of every Group Health, Workers’ Comp, and Medicaid claim in the United States, every day. “The tech team built a system with no limits,” said Brian Wolff, Vice President of BlueLock.

The AmeriVeri CR Tech Team consists of an all-star group of software engineers, programmers, database and middleware experts, and medical coding specialists, and they’ve built the most in-depth, fully automated system available. “This is totally new architecture, and processing a large file in under 22 minutes with positive, verifiable results is significant,” said Arthur Yates, VP, Technology, AmeriVeri CR.

AmeriVeri CR is privately held, and based in Indianapolis, Indiana.

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AmeriVeri CR Selects BlueLock as Cloud Hosting Partner

Healthcare claims verification system utilizing BlueLock’s cloud computing services to secure and scale in high-demand market

(Indianapolis, Indiana) – BlueLock, an experienced provider of cloud hosting and managed IT services, announces that AmeriVeri CR, the most in-depth, fully automated method for verifying the coding accuracy of health care claims, has selected BlueLock as its cloud hosting partner. With the announcement, AmeriVeri CR’s use of BlueLock’s Virtual Cloud Enterprise from the BlueLock CloudSuite enables the code verification of every Group Health, Workers’ Comp, and Medicaid claim in the US, every day.

“BlueLock came highly recommended from one of our most trusted associates, and their team has exceeded even those expectations,” said Patti Merdian, President, AmeriVeri CR. “We look forward to not only utilizing BlueLock’s highly available, scalable and secure platform with our computing environment, but also their vast cloud experience as we see them as a trusted and proven partner.”

“We are excited to work with AmeriVeri and help them achieve their overall business goals,” said Brian Wolff, VP Sales, BlueLock. “BlueLock Virtual Cloud Enterprise offers them the flexibility and scalability they will need as they continue to grow, with the performance, security and client services that is backed by our world-class BlueLock team.”

Delivering pre-configured, secure and resilient virtual IT environments which scale on-demand, BlueLock’s CloudSuite offers a tailored selection of IaaS environments to best configure users’ computing resources. With CloudSuite’s array of public and virtual private cloud computing solutions, clients have the ability to utilize cloud resources based on their specific needs to optimize deployment, management and investment. Recently named the 2009 Service Provider of the Year for the Americas by VMware, the global leader in virtualization technology solutions, BlueLock offers solutions for the developer to the Fortune 500 executive.

About BlueLock

BlueLock is an experienced provider of cloud computing and managed IT services, offering the people, expertise and IT infrastructure in a world-class, SAS 70 certified datacenter. BlueLock CloudSuite, a comprehensive set of cloud computing solutions, offers a tailored selection of Infrastructure-as-a-Service (IaaS) environments to best configure users’ computing resources. With Cloud Suite’s array of public and virtual private cloud computing solutions, clients have the ability to utilize cloud resources based on their specific needs to optimize deployment, management, and investment. Recently named the 2009 Service Provider of the Year for the Americas by VMware, the global leader in virtualization technology solutions, BlueLock offers solutions for the developer to the Fortune 500 executive. BlueLock, a Collina Ventures company, is privately-held and headquartered in Indianapolis, Indiana. For more information, visit www.bluelock.com.

About AmeriVeri CR

The AmeriVeri CR team of Hosting, Middleware, Software Engineering, Programming, Database, and Coding specialists has created the most in-depth, fully automated method for verifying the coding accuracy of health care claims available. Based in the BlueLock Cloud Hosted fully SAS70 certified environment, using proprietary applications for mapping incoming data from virtually any source or software, AmeriVeri Cr is capable of verifying the code accuracy of every Group Health, Workers’ Comp, and Medicaid claim in the US, every day. The system is Accurate, Compliant, Secure, and Easy to Implement. AmeriVeri Cr is privately held, and based in Indianapolis, Indiana. More information can be found at www.ameriveri.com

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Indianapolis Business Journal: Q & A

Dr. Stanley Adkins is chief medical officer of Indianapolis-based AmeriVeri CR,  which launched early this year. It uses software to review medical claims for errors that slip through even after an insurance company or third-party administrator processes them. Essentially, AmeriVeri’s software makes sure that whatever health care service is provided to a patient (represented by a CPT code) matches properly with the patient’s diagnosis (represented by an ICD code).

AmeriVeri estimates that about 5 percent of claims have errors in them, which often end up costing employers more money. “It’s kind of like getting a hamburger at McDonald’s and getting charged for two,” Adkins said. With health care reform and a new, larger set of diagnosis codes phasing in over the next three to four years, AmeriVeri thinks demand for its service will grow.

IBJ: How does your service end up saving money for employers?

A: If you get into a $100,000 heart bypass procedure, there’s a whole bunch of codes that go into that. A hospital will even bill for a Tylenol. There are so many codes that go into a system. The people doing the coding can make errors. It’s not a fault issue, by any means. It’s just the way the system is. The [employer] can send the file to us, and we’ll scrub it real-time. If there are errors, then those savings go directly to the [employer], and we get a percentage of that. If there are no errors, then there are no savings.

IBJ: What will the impact of the new set of diagnosis codes, ICD-10, be?

A: What will it do to the error rate [which is currently about 5 percent]? It will increase it. What will do to the business? I suspect it will increase it.

IBJ: What, if any, impact will the new health reform law have on your business?

A: I think it’s just going to get increasingly complicated and the people that are required to administer it are going to have to have more information. I think what’s going to happen in the next three or four years is there’s going to be an increasing need for this kind of scrub engine.

Indianapolis Business Journal
JK Wall

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