Baxter Regional signs Medical Asset Management for real-time coding updates: 4 key points

Medical Asset Management, a healthcare consulting firm based in Atlanta, signed an agreement with Baxter Regional Medical Center in Mountain Home, Ark., to install two web-based software applications in the hospital's cardiac catheterization lab.

Here are four things to know about the applications.

1. The applications are called iRCODER.COM and Procedure-Integrated Inventory Management System.

2. iRCODER.COM utilizes proprietary intelligence, color-coded illustrations and CMS guidelines for charging of certain complex hospital procedures, MAM said. These procedures include interventional radiology, cardiac catheterization, electrophysiology, vascular and non-vascular.

3. PIIMS is an intelligent inventory management system that monitors use of inventory, monitors expired/expiring products on a real-time basis, including the associated costs of the expired or expiring products, MAM said. The application also tracks model and lot numbers to help identify recalled products, and includes comprehensive cost-tracking intelligence.

4. The intelligence built into both products recognizes when a device has been used in a procedure, but not charged, according to MAM. It also won't allow a device to be charged if it was not used in a procedure.


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