Panacea Healthcare Solutions, a leading provider of healthcare financial and clinical software and tech-enabled services, is pleased to announce the acquisition of CBIZ KA Consulting Services, LLC (or “KA Consulting”), a provider of eligibility, clinical coding and auditing, and revenue integrity solutions to U.S.-based hospitals and healthcare systems.
The webinar will feature an in-depth discussion led by Panacea’s executive leadership team. They will delve into the transformative effects of price transparency in healthcare, a topic they are uniquely qualified to address. As regulations around price transparency solidify into a permanent fixture akin to HIPAA, attendees will have the opportunity to gain valuable insights and learn how current clients are using new tools and technology for effective data analysis and strategic business approaches.
Register today to learn about the critical implications of the CMS OPPS Proposed Rule on Price Transparency Changes for 2024. Choose from two dates: Tuesday, August 22, or Thursday, September 14, from 11 a.m. to 12 p.m. (CDT).
ST. PAUL, MN – Panacea Healthcare Solutions, Inc., a company specializing in healthcare coding compliance, revenue integrity, and pricing software and consulting services, is proud to be a virtual co-sponsor of the 26th Annual Health Care Compliance Association (HCCA) Conference on March 28 – 31 in Phoenix, AZ and online.
Government agency audits and payer strategies are evolving fast, and healthcare organizations must be ready to mitigate risk and exposure while making the most of revenue opportunities. With the recent regulations surrounding CMS Price Transparency and the No Surprises Act requiring Good Faith Estimates, Compliance teams are further impacted.
Panacea will demonstrate its new proprietary auditing technology platform which can audit 100% of claims or coding abstract data, allowing the ability to focus time and investment on only the problem areas for under or over coding while revealing missing revenue opportunities. Attendees can request a demonstration by visiting Panacea’s virtual booth.
“We’re excited to show HCCA conference attendees how Panacea’s nationally recognized consultants can provide auditing services using our proprietary auditing technology for Inpatient and Outpatient Auditing and Compliance, Physician Auditing and Compliance (Professional Services) and specialty areas,” said Kathy Pride, Executive Vice President, Coding and Documentation of Panacea.
Pride continued, “If you have internal auditors, they’ll certainly value the speed, accuracy and agility of running 100% of your data to apply coding documentation, compliance and/or lost revenue rules found in our library – along with the flexibility to write their own custom rules – to identify the biggest opportunities for improvement in your documentation, coding, data integrity and payment levels.”
To learn about how Panacea can help your audit program become more comprehensive, effective, cost efficient and compliant, call us at (866) 926-5933 or visit our website at www.panaceainc.com/nobody-audit-like-we-do-overview/
About Panacea Healthcare Solutions, Inc., a BESLER Company
Panacea helps healthcare organizations improve their coding, compliance, and revenue integrity with front-line expertise in mid-revenue cycle management through innovative auditing, compliance, chargemaster, strategic pricing, and revenue integrity consulting and software solutions that allow clients to proactively identify risks and opportunities and overcome today’s challenges. More information is available at panaceainc.com.
Career Step creates an end-to-end solution to provide education, consulting and data analytics to the revenue cycle and healthcare financial marketplace with the acquisition of Panacea Healthcare Solution’s Revenue Capture and Coding and Documentation Divisions.
LEHI, Utah—February 2, 2017—Career Step, an online provider of career-focused education and professional training, is pleased to announce that it has acquired the Revenue Capture and Coding and Documentation Divisions of Panacea Healthcare Solutions. Career Step and Panacea will now provide end-to-end education, consulting and data analytics solutions to the revenue cycle and healthcare financial marketplaces, further augmenting Career Step’s Professional Training Division.
“At Career Step, our focus is on improving lives and business results through education,” said Steve Tober, Career Step President and CEO. “With the acquisition of Panacea and the combination of our complimentary product and service offerings, we will now be able to drive better results for healthcare organizations by tying the information available through their consultants and data analytics to the education we offer. We have been working closely with Panacea for the past two years, and we have proven through our joint efforts that our combined offerings can meet an important market need.”
Founded in 2007 and based in St. Paul, Minnesota, with additional offices in New Jersey and Florida, Panacea Healthcare Solutions provides expert coding, compliance, technology and financial advice to hundreds of healthcare providers each year. These services help healthcare organizations improve their bottom line, and industry-proven Panacea products and strategies include CLAIMSauditor®, I10Focus™ and Hospital Zero-Base Pricing®.
“The Panacea team is excited to join Career Step,” said Frederick Stodolak, Panacea CEO at the time of the acquisition. “Both companies have worked successfully together for years, and we look forward to integrating our combined talent and technology to offer our clients a more synergistic and comprehensive offering. The combined business model is unique in that we provide learning solutions at the onset of individuals’ careers as well as integrated educational, consulting and technology services to support them throughout their career lifetime.”
Career Step’s acquisition focuses on tying its educational offerings to the information available through consulting and data analytics. This acquisition also brings more than 25 industry experts in-house, which will augment Career Step’s Professional Training division and enable faster development and delivery of educational products.
“Since the implementation of ICD-10, the need for new and continuing revenue cycle education has grown,” said Mike Hodgson, Career Step Professional Training Division Executive Vice President. “The combination of Career Step’s programs and Panacea’s consulting services and data analytics software will enable us to identify opportunities for revenue improvement by capturing lost charges and underbilled services and then improving pricing models based on actual costs. The information we gather for clients through consulting and software services will help us identify areas for education that will facilitate long-term staff performance improvement.”
Career Step will run the Panacea Healthcare Solution business as an independent brand and entity within the Career Step Professional Training Division, and as part of the transaction Frederick Stodolak and others on the current Panacea management team will continue as shareholders. The transaction closed February 1, 2017, and Hogan Lovells US LLP acted as exclusive legal advisor to Career Step. More information on the available products can be found at www.panaceainc.com.
About Career Step
Career Step, a portfolio company of Denver-based equity firm Revelstoke Capital partners, is an online provider of career-focused education and professional training. The company has trained over 100,000 students for new careers, has more than 150 partnerships with colleges and universities nationwide, offers a variety of continuing education courses for healthcare professionals and has educated more than 8,000 health information professionals through its Professional Training Division. Career Step provides training for several of the largest and most respected healthcare employers in the nation and is committed to helping students and practicing healthcare professionals alike gain the skills they need to be successful in the workplace—improving lives, advancing careers and bettering business results through education. More information can be found at www.careerstep.com or 1-800-246-7836.
About Panacea Healthcare Solutions
Panacea Healthcare Solutions, a Career Step company, provides expert coding, compliance, financial consulting and information technology to hundreds of healthcare providers and organizations each year to proactively maintain compliance and identify risk and new incremental net revenue opportunities. Each solution is rooted in Panacea’s extensive frontline experience in healthcare finance and coding, including chargemaster and coding compliance auditing, CLAIMSauditor®, I10Focus™ and Hospital Zero-Base Pricing®, which has earned the coveted HFMA Peer Review® designation. The company maintains offices in Minnesota, New Jersey and Florida. More information can be found at www.panaceainc.com or 1-800-252-1578.
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Contact: Amy Kendall
pr@careerstep.com | 1-800-246-7837