HT Practice Management
The HealthTec Practice Manager (HealthTec PM) is a practice management system that offers financial and business control over cash flow, receivables and practice analysis in one easy-to-use package.
HealthTec PM can also be expanded with additional HealthTec tools for revenue cycle management including electronic claims with claim scrubbing, electronic patient statements and an auto-appeal rules engine.
HealthTec PM is an integrated part of HealthTec Trilogy, but can also be used as a stand-alone practice management system or integrated with other available systems on the market.
Practice Management and Analysis
HealthTec PM allows use of up to 9,999 insurance plans with any mix of fee-for-service and capitated plans. Plans can be grouped by Payer Class (HMO, PPO, Workers Comp, Champus, Private Insurance, etc.) and each fee schedule can incorporate any relative value scale with conversion factors per code or per code category. Dynamic learning of fee schedules allows the system to create fee schedules as payment posting occurs. Code categories are user-definable – i.e., Evaluation and Management, Medicine, Surgery, Radiology, Anesthesia, etc. These features provide the practice with ultimate flexibility and efficiency in maintaining fee schedules and analysis.
HealthTec PM implements the six vital segments of reporting. The reports included are designed to meet the challenge of managing the bottom line of a practice and help evaluate the financial health to provide a starting point from which to measure the current business status and potential business opportunity.
These reports include:
Service Analysis
Capitation Analysis
Fee Schedule and Plan Analysis
Expense Analysis
Payer Mix Analysis
Reimbursement Analysis
Other reports include information critical to proper practice analysis such as the average days-to-pay by insurance carriers, identifying breach of contract in the practice, provider comparisons using the relative unit value scale, analysis of proposed insurance plan participation compared to historical data and much more.
Although an extensive number of reports are built-in, custom reporting is also available to allow the user to access systemwide information in just about any way imaginable to allow further analysis of the practice. Custom reporting even allows the user to report on complex, multi-table relationships and allows reporting to screen, printer and even email and PDF files.
Quick and Efficient Payment Posting
The AutoPost feature allows the system to read in HIPAA compliant ERA transactions and automatically post and apply insurance checks across multiple patient accounts with a click of the mouse. However, the system also offers the best of both worlds by allowing the user the chance to flag and comment on various individual payments from a single screen before affecting all patient accounts in the batch.
The QuickPost feature allows fast and efficient posting of insurance and family checks to many invoices or claims across many patient accounts, all from one screen, even when an electronic file is not available. It utilizes features such as “learning” what insurance companies pay as you post, auto-secondary billing, automatic statement generation when balances roll to patient responsibility and even automatic adjustment of balances all from the same screen. This important feature will save your practice hundreds of vital labor-hours per year.
Enterprise Solutions
HealthTec PM was also created for those clients needing to manage multiple sites or that work with many capitated plans. The design of the Enterprise edition allows patient records, physicians, insurance carriers, insurance plans, fee schedules, procedure and diagnosis codes, payment and adjustment codes, referrals as well as hospitals, facilities and labs to be shared between all of your sites. This keeps your data entry efficient as well as maintains consistency across all of your locations.
Reporting in the Enterprise edition allows you to report on any single site or run reports consolidated across all of your sites. This allows you to measure financial performance and health for any single location or compare between them. The system also allows posting of charges on patients using capitated plans and then automatically adjusts off the actual balances so claims can be created, yet accounts receivable remains correct. This allows you to seamlessly handle a mix of capitated and fee-for-service patients in an efficient manner.