News | October 24, 2013

CFMA And SOAP Unite To Fill The Gaps In Clinical Documentation Improvement

Since many healthcare organizations are missing the right combination of clinical documentation subject matter expertise and supporting technology, CFMA and SOAP are uniting to bring the necessary blend of clinical consulting services and technology to market – all centered on clinical documentation to make all related processes more efficient and effective.   

With proven CDI programs, CDI and coding services, and integrated, closed-loop CDI and CAC (CACDIS) technology, CFMA and SOAP can fill the gaps in the clinical documentation improvement processes - directly resulting in increases in revenue, better patient care, and improved support services.

CFMA and SOAP are bringing to the healthcare industry unique products and services to enable providers and payers to have high quality clinical documentation with actionable data to enable efficiencies within various departments and functional areas.

  • “One of the biggest problems in the clinical documentation improvement process is physician’s involvement.  Physicians do care, but they demand efficiency of themselves and others involved with patient care”, says David Raymond, President of CFMA.
  • As a VP &CFO at one of CFMA’s clients proudly confirms, “Model and process are excellent; definitely not the usual coding review that was experienced in the past.  Coding and finance staff and MD’s were skeptical until the audit was complete; after the audit, feedback was glowing from all 3 groups.  CFMA’s model creates the missing bridge between coders and clinicians; this is clearly a big gap in virtually all organizations.”

“With the implementations of ICD-10, ACA, and Value-Based Purchasing, many executives are concerned about how they can do more with fewer people.  And since patient care is under scrutiny from a wide variety of sources and the impact on costs and revenue is dramatic, healthcare providers and payers alike are looking at ways to eliminate any gaps – cultural, financial, operational, etc.” states Dave LeBoeuf, VP of Business Development at SOAP.

About Clinical Financial Management Associates
Clinical Financial Management Associates, LLC (CFMA) of Northville, MI is a consulting company that works with hospitals who are frustrated with low margins and poor quality ratings. We have successfully managed DRGs for the past 25 years. Our clients not only see improvements in MS-DRG reimbursements of 10-20% or more but also experience improvement in their quality scores and reductions in their payer contractuals. For more information, visit www.clinicalfinancial.com. Some of CFMAs highlights include:

  • 25 years of experience on improving clinical documentation
  • High Success Rate (95%)
  • Improved reimbursements with clients across the country
  • 5 years of experience in reducing OBS rates
  • A significant ROI (3 to 5+ fold) in the first year
  • Doctors love our clinical approach
  • Our practical tools build Medical Staff / Hospital Alignment
  • Accurate and reliable estimates of opportunity

About SOAP
SOAP Transcription Services, Inc. (SOAP) of Wayland, MI offers clinical documentation staffing and technologies for better data capture through dictation/transcription, scanning/extraction/abstraction, HL7 integrations, and health information exchanges; and coding staff and technologies with a focus on ICD-10 transitioning and CDI.  Additionally, SOAP offers an integrated, closed-loop automated CDI and Computer-Assisted Coding (CAC) (CACDIS) technology. For more information, visit www.partnerwithsoap.com.

  • Over 25 years of experience with clinical documentation
  • US-based, US-owned, US-operated with national presence
  • Customizable products and services to support CDI, HIM, RCM, EHRs, HIEs, CDS, analytics, RAC audits, ICD-10, claims and more
  • Proven technologies and services that reduce AR days, improve revenue and patient care

Source: Clinical Financial Management Associates