Healthcare Providers Increase Revenues, Avoid Penalties Through Covisint PQRS
Program, a Stepping-Stone for ACO Success
Covisint Offers Latest Submission Date for Both Enterprise and Web Options for
the "Final Year to Submit Penalty-free" for Important CMS Payments
DETROIT, Feb. 18, 2013 (GLOBE NEWSWIRE) -- Covisint, a Compuware (Nasdaq:CPWR)
company, announced today that it has surpassed the $30 million mark in money
returned to healthcare customers through the company's easy-to-use, PQRS
solution. This achievement extends Covisint's position as one of the nation's
PQRS submission leaders.
The March 8, 2013, PQRS submissions deadline is fast-approaching for the final
opportunity to earn reimbursements in the last penalty-free year of this
program. Covisint provides multiple reporting options, including a larger
enterprise data-mining solution and, for individual providers or smaller
practices, a web application that can take as little as 30 minutes to satisfy
PQRS submission requirements.
As ACO and other shared savings programs expand, Covisint's PQRS submission
program offers a speedy path to gain experience in ACO reporting due to the
overlap in chronic disease and preventive care measures. Covisint has a 90
percent-plus PQRS customer retention rate.
Covisint lets providers use data captured during patient encounters,
traditionally enabling them to earn an average of $1,000; practices can earn
up to as much as $18,500 depending on their Medicare Part B Fee-for-Service
allowed annual charges. This year, Covisint encourages providers to report for
three key reasons:
1. to earn the 0.5 percent bonuses available from Centers for Medicare and
Medicaid for 2012;
2. to gain the experience needed to successfully report in 2013--avoiding
payment penalties of 1.5 percent on their 2015 fee schedule; and,
3. to collect and report information needed to maximize ACO, medical home
and other shared-savings program payments.
Covisint helps eligible providers, ranging from single-physician practices to
large, multi-specialty groups to hospitals. Both electronic and paper data
collection methods can be accommodated. This year, Covisint added seven new
measure groups and an individual measure reporting option that enable more
physician specialties--for example, ophthalmologists, radiologists,
anesthesiologists, etc.--to easily take advantage of CMS reimbursements.
"Covisint's continued thought- and revenue-leadership for PQRS has resulted in
an incredibly intuitive and cost-effective solution," said Steve McDonald,
Covisint Vice President of Healthcare. "We will continue to earn the
confidence of customers seeking reimbursement from PQRS, ACO and other
programs rewarded on quality and performance metrics."
Covisint Healthcare meets customers where they are in their HIT adoption,
enabling them to mature into a fully functioning, clinically integrated
community with multi-system integrations and advanced analytics. Covisint
delivers high value to all accountable care stakeholders by supporting a
comprehensive HIT roadmap that fills the gaps left by existing technology
investments. Covisint's technology agnostic platform enables the free, secure
flow of information with the customer in full control, helping healthcare
providers avoid being locked into one vendor, insurance company or HIE.
To speak with Covisint directly, call 866-823-3958 or email the company at
Covisint, a Compuware Company
Covisint provides the leading cloud engagement platform for creating and
enabling new mission-critical external business processes. Our solutions
enable organizations to connect, engage, and collaborate with the critical
external audiences that define their success -- including customers, business
partners, and suppliers. Covisint allows its clients to establish a secure,
reliable, integrated presence in the cloud, and offer the kind of engaging
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CONTACT: Media Contact
Doug Anter, Public Relations Manager, Compuware Covisint,
For Sales and Marketing Information
One Campus Martius, Detroit, MI 48226, 800-521-9353,
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