Panacea Healthcare Solutions will be showcasing their innovative CLAIMSauditor auditing and compliance solutions at the 27th Annual Health Care Compliance Association (HCCA) Conference to be held on April 24–26, 2023, in Anaheim, California.
Have the federal payment policy adjustments implemented in 2021 meaningfully reduced the pay gap between specialists and primary care physicians (PCPs)? A recent JAMA study appears to have yielded the answer: yes—but not by nearly enough.
As President of the Revenue Integrity Services Division, Meadows will be responsible for leading Panacea’s efforts to help healthcare organizations optimize their chargemaster, coding audits and education and ensure compliance with regulations and standards.
Panacea will showcase a range of software and learning solutions at both the Healthcare Compliance Association’s (HCCA) 27th Annual Compliance Institute, to be held April 23–26 at the Anaheim Convention Center in Anaheim, California, and the Virtual Conference, April 24–26.
Panacea is hosting a newly developed webinar intended to help healthcare professionals keep up with recent advances in novel treatment options in the subspecialty of interventional cardiology.
Panacea Healthcare Solutions today announced the appointment of Kevin Chmura as Chief Executive Officer and member of the Board of Directors, effective immediately. Chmura joins Panacea with over 25 years of experience and a proven track record of delivering exceptional results to some of the country’s largest healthcare systems. He succeeds Fred Stodolak, who becomes Panacea’s Chairman of the Board.
We’re excited to announce that, with First Healthcare Compliance joining Panacea, Insights subscribers now have even more access to a wide variety of educational content for healthcare professionals. We invite you to take advantage of a 50% discount, available to Insights subscribers, when you register for the Virtual HIPAA Privacy and Security Workshop 2022 coming up November 3, 2022. Learn more
ST. PAUL, MINNEAPOLIS, August 24, 2022 — Panacea Healthcare Solutions announced today that it has received growth capital from Firmament, a leading provider of structured equity capital solutions to small- and medium-sized enterprises. Panacea provides strategic pricing, price transparency, chargemaster, compliance, and mid-revenue cycle software and consulting services to healthcare companies across the full continuum of care. Firmament’s investment will fuel innovation and expand Panacea’s product suite through the acquisition of Holliday & Associates and First Healthcare Compliance. The combined company will be a leading provider of healthcare revenue cycle and compliance software and services to over 600 hospitals, health systems, physician practices, and accountable care organizations across the United States.
The executive management teams of Panacea, Holliday & Associates, and First Healthcare Compliance will remain in place, together with the majority of their former shareholders. Panacea CEO Frederick Stodolak will continue to serve as Chief Executive Officer of the combined platform and will expand his role to become an active Chairman of the Board.
Stodolak stated, “We are proud to partner with Firmament and are excited for our future growth and continued product innovation. With the acquisition of Holliday & Associates, we are excited that our customers will benefit from access to a comprehensive suite of chargemaster software tools from a single vendor. Furthermore, we look forward to expanding First Healthcare Compliance’s popular learning platform to leverage Panacea’s expertise in inpatient, outpatient, and physician coding and compliance.”
Rosemary Holliday, Managing Partner at Holliday & Associates, stated, “We have been partners with Panacea for many years and are thrilled to formally combine our two companies. With this step, our clients will benefit greatly as we integrate to become one of the industry’s most comprehensive providers of revenue cycle software solutions.”
“First Healthcare Compliance clients will benefit from the wide array of coding compliance and revenue cycle software solutions that Panacea offers,” Julie Sheppard, President of First Healthcare Compliance, commented. “Our team looks forward to continuing to support our amazing clientele through expanded product offerings and continued investments into our compliance platform.”
Green Campbell, Vice President at Firmament, stated, “Healthcare providers today are overburdened by complex coding, pricing, and compliance rules. Panacea’s price transparency, strategic pricing, coding, and compliance solutions sit at the forefront of the most relevant regulations impacting the healthcare industry today. We are proud to partner with the teams at Panacea, Holliday & Associates, and First Healthcare Compliance to support their continued growth and investments in cutting edge software and tech-enabled services.”
About Panacea Healthcare Solutions
Panacea (www.panaceainc.com) provides software and tech-enabled services that help healthcare organizations improve their revenue cycle, coding, and compliance with front-line expertise in mid-revenue cycle management. In an era where 95% of provider revenue is driven by accurate coding and defensible yet optimal pricing, clients trust Panacea to deliver unparalleled value in strategic pricing, price transparency, chargemaster, compliance, and revenue cycle solutions.
About Firmament
Firmament (www.firmament.com) provides structured equity capital solutions to small- and medium-sized enterprises. Firmament is a value-added partner to entrepreneurs, management teams and business owners and curates solutions by deploying versatile capital in a user-friendly way. Firmament concentrates on software and services businesses with significant scaling potential in the healthcare, logistics, wellness and environmental sectors. With offices across the United States and in the United Kingdom, Firmament is focused on turning small business into big business.
The American Hospital Association in a recent comment letter to CMS stated, “…the new [Good Faith Estimate] timeline and format requirements will necessitate workflow and operational changes, even for the most sophisticated hospitals. The strain on the workforce is concerning, with estimates regularly taking 10-15 minutes to produce and adding up to about 1,500 estimates per day across a typical health system.”
Join Panacea for a one-hour webinar on Wednesday, April 13th at 1PM ET, to learn how to deliver compliant and accurate itemized expected charges for schedulable services under the No Surprises Act requirements by incorporating both itemized hospital and physician expected charges using Panacea’s sophisticated technology solution.
Attend to find out…
Registration is limited to attendees from hospitals and other providers at this time.
Presented by
Govind Goyal
Executive Vice President of Finance and Revenue Integrity Services
Panacea Healthcare Solutions
Stop by the new Insights events calendar to find upcoming complimentary live webinars, workshops, and conferences – both virtual and in-person throughout the year.