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These
types of transactions include procedure level charges,
allowances, cash receipts, and other financial
transactions, as well as clinical and demographic
information about the patient. This is where HWC's
Profitability ServiceWare gets most of the data it needs
to do its job.
Why
is HWC's Profitability ServiceWare Different?
The unfortunate reality is that most of today's hospital
information systems are not geared-up to provide easy
access to the types of information which are made
available by the Profitability ServiceWare. In-house
hospital information systems are generally forced to
prioritize operations like processing charge tickets to
facilitate billing and claims processing, on-line order
entry, lab information systems, payroll systems, and the
list goes on. When any of the above systems are not
working, even if just for a few hours, many administrative
and patient care departments come to a grinding halt.
Consequently, executive management information systems
frequently take a back seat to the hospital's other
day-to-day data processing needs. With HWC's Profitability
ServiceWare, your priorities are #1.
The Profitability ServiceWare is redundant to many of the
hospital's mainframe databases. These databases represent
a complete backup of detailed information about every
patient visit or inpatient hospitalization for a given
period, stored on a PC hard disk. Although it would not be
possible to process this magnitude of data using a desktop
computer only a few years ago, significant improvements in
today's personal computers have allowed this to take
place.
Get Focused!
Here's how it works:
 On a daily,
weekly, or monthly basis, information is downloaded from
your hospital's mainframe to an on-site PC-network.
Profitability ServiceWare then executes a series of
processing steps in order to prepare the data for your
use.
Hospital
revenue entitlements can be recalculated utilizing a
variety of flexible methodologies, including:
-
Medicare Pricer;
- State-specific Medicaid methodologies;
- Other negotiated per case/DRG rate methodology;
- Payor specific per diem (stratified by level of
care);
- Charges;
- Percentage of charges; and
- Capitation rate.
Procedure level data is summarized on both a discharge and
accrual basis, thereby, expanding the uses of the system.
Of course, you can also access information on patients
discharged not final billed, in-house patients, or
outpatients.
The
Profitability ServiceWare offers improved access to
procedure level payor utilization analyses. The system can
even be used to assist you to reconcile third-party
settlement data.
The
Profitability ServiceWare's output can be sent to the
computer's monitor, to a printer, or to a print and/or
image file for use outside the system.
Sometimes it takes a lot of effort to make something
complicated look simple. However, HWC has made simplicity
a prerequisite for all its systems. In fact, every step
had to be logical, understandable, and functional in order
for it to be put on a menu screen.
ServiceWare provides a report writing mechanism that
allows the user to select a report format and filter the
data to isolate only those elements you wish to include in
your report. For example, once you have specified a
particular report type, you may wish to stratify the data
for a particular payor, DRG, or period. These types of
parameters are selected through a simple user interface.
Easy
Implementation. Simplified Access.
Once you make the decision
to invest in Profitability ServiceWare, you will want to
implement it right away. HWC can have you up in running in
as little as 30 days. Other systems can take months or
years.
And implementation is easy.
HWC has standardized front-end loading processes for most
of the major IT vendors—this minimizes the impact on
your IT staff.
Once the data is loaded, it
is available for your use over the Internet using the HWC ASP.
This cutting-edge web-based technology allows access to
your data from anywhere in the world on any PC workstation
or laptop through a secure Internet connection. HWC's technology ensures security,
addressing HIPAA privacy requirements.
Making
the Move to Profitability ServiceWare is Easy.
With
just a single phone call, you can be up and running with
Profitability ServiceWare in as little as one month.
As the Profitability ServiceWare requires little or no
capital outlay or expensive licensing fees, entry costs
are reasonable. To order Profitability ServiceWare
for your hospital please contact us at 1-888-HWCSOFT
(1-888-492-7638).
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