SOURCE: ADP AdvancedMD

ADP AdvancedMD

October 08, 2013 08:00 ET

ADP AdvancedMD Unveils AdvancedInsight to Improve Financial Performance of Independent Medical Practices

Leading Cloud Medical Software Provider Introduces New Business Intelligence Capabilities to Drive Financial Success for Private Practices

SAN DIEGO, CA--(Marketwired - Oct 8, 2013) - MGMA 2013 Annual Conference -- Booth #525 --ADP® AdvancedMD®, a leader in all-in-one, cloud electronic health record (EHR), practice management (PM), and medical scheduling software as well as medical billing services, today unveiled AdvancedInsight™, a breakthrough in business intelligence for physician practices. With up to 74 percent of doctors expressing concern about the financial solvency of their practices, AdvancedInsight is a reporting suite that helps physicians and their practice managers gain better visibility into the financial health of their practices through a 360-degree view.

AdvancedInsight delivers powerful business intelligence and big data capabilities that allow for at-a-glance analysis of a practice's finances on a single dashboard. Practice administrators, billing staff and physicians can monitor claims outcomes by procedure type and payor performance details, allowing for better optimized practices and improved bottom lines.

"We are continuing to innovate our integrated practice management and EHR solution to increase productivity, improve revenue performance and enhance the patient experience," said Steven ZoBell, CTO and VP of Product Development, ADP AdvancedMD. "Practices need closer monitoring of their financial data in light of decreased reimbursement, an increased need for data sharing, and shifting healthcare regulations like MU2 and ICD-10. Better insight into the data provides practices with a comprehensive understanding of revenue and operations and we're delighted to bring these new capabilities to our clients."

More than half of physician specialties forecast an increase in their patient count due to an expected influx of patients under the Affordable Care Act. Improved management of reimbursements will be critical to manage private practice finances.

"Without having access to robust data or sophisticated tools for reporting on that data, most physicians and their practice managers make financial decisions off of a 'gut feel,'" said Curt Hill, CEO, PMRG. "AdvancedInsight gives the independent physician practice analytics that are based on sound business fundamentals and are easy enough that most anyone can run. Now practices can better manage to key performance indicators such as which plans are underperforming, where the leaks are in revenue, or where modifying staff count would make strong financial sense."

AdvancedInsight is expected to be available early 2014.

ADP AdvancedMD Resources

About ADP
With more than $11 billion in revenues and more than 60 years of experience, ADP® (NASDAQ: ADP) serves approximately 620,000 clients in more than 125 countries. As one of the world's largest providers of business outsourcing and Human Capital Management solutions, ADP offers a wide range of human resource, payroll, talent management, tax and benefits administration solutions from a single source, and helps clients comply with regulatory and legislative changes, such as the Affordable Care Act (ACA). ADP's easy-to-use solutions for employers provide superior value to companies of all types and sizes. ADP is also a leading provider of integrated computing solutions to auto, truck, motorcycle, marine, recreational vehicle, and heavy equipment dealers throughout the world. For more information about ADP or to contact a local ADP sales office, reach us at 1.800.225.5237 or visit the company's Web site at www.adp.com.

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Contact Information

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    Jim Elliot
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    ADP AdvancedMD
    801-984-9500
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