GENASCIS™ Shares Its Proprietary ASC Insights Nationwide Via Groundbreaking Weekly Web Site Feature, “Did You Know?”
APRIL 16, 2010LOS ANGELES, Calif. – GENASCIS™, the leading Revenue Cycle Management and Business Intelligence resource for ambulatory surgery centers, has begun freely sharing with the public weekly presentations of its proprietary ASC knowledgebase. The intent is to provide surgery centers across the U.S., wondering where they stand in relation to actual industrywide data, a unique new point of reference.
GENASCIS representatives believe this marks the first time an IT vendor has provided this much data specificity in an ongoing fashion.
The new content is found on the home page of the company's web site under the section titled “Did You Know?”. Every Monday morning a fresh set of actual, real-world financial and/or operational statistics is posted and made available for review at no cost.
Each week's metrics are presented from one of six basic perspectives: analysis by State, by CMS region, by Average Number of Cases Per Month, by Average Number of Operating Rooms, by Average Number of Specialties, or, some combination of the above. Examples of ASC metrics presented in recent weeks have included the following topics:
- Average Payer Volume Mix, by State
- Top Five Procedures by Volume and Net Revenue per Specialty, by State
- Top Five Payers by Volume per Specialty and CMS Region
- Average Anesthesia Time for the Top Procedure per Specialty, by Number of Specialties Provided
“The depth of information presented each week is incredibly comprehensive, and encompasses ASC data from across virtually the entire nation,” noted Kathleen Harris, GENASCIS senior vice president of sales, marketing and product management. “The reason this is possible is our massive proprietary data warehouse drawn from roughly 700 facilities and powered by our business intelligence technology platform MEDIBIS®. There's simply no one else out there able to make this level of information available,” Harris said.
“The 'Did You Know?' program is a win/win way of showcasing in a very tangible manner our unique grasp of the continually evolving state of the ASC industry,” said GENASCIS chief executive officer Ed Gallo. “It provides an ongoing sampling of meaningful analytics for interested ASC managers, and it demonstrates the unmatched depth of our business intelligence tools and overall understanding of all aspects of ASCs, from stand-alone to multiple facilities under a management entity,” Gallo said.
He noted that each week's data--though highly specific and extremely in-depth--is readily understandable, as it is presented via user-friendly graphs, pie charts, or tables, depending upon the analysis topic.
“We invite interested parties to visit genascis.com every week to view the constantly updated data, and, to use that experience to evaluate the advantages of our MEDIBIS business intelligence platform,” Harris concluded.
To learn more about the company's business intelligence capabilities, or other ASC revenue cycle services provided by GENASCIS, contact sales at 866.208.7348, extension 265.
About GENASCIS: The company was created by integrating the services of firmly established, industry-leading business entities in the ASC space. Prior to consolidating under the GENASCIS brand, PMG Partners was the nation's leading provider of technology-enhanced revenue cycle services for ambulatory surgery centers and specialty physicians. MEDIBIS designed and built the surgery center industry's only analytical, business intelligence and benchmarking software. And GIT was widely acknowledged as the premier resource for transcription and clinical coding services for ASCs and specialty practices.
Collectively, GENASCIS offers an unmatched understanding of ASC commerce, end-to-end outsourced revenue cycle services, and powerful proprietary technology solutions, including MEDIBIS Analytics; MEDIBIS Query; CODECYPHER™ Coding Compliance Engine; and the ASC peer analysis web site CompareMyASC.com. CODECYPHER enables ASCs to quickly and cost effectively generate a customized coding analysis that highlights compliance issues, risks and opportunities, as well as provide case-specific decision support. CompareMyASC.com is a free, online tool that provides ASCs invaluable insight into their revenue cycle efficiency by measuring several key performance metrics against industry averages and what GENASCIS has identified as best practices.
With corporate headquarters in Los Angeles, Calif. and offices in San Diego, Calif. and Oklahoma City, Okla., GENASCIS has approximately 400 employees and currently works with 700 surgical centers and specialty physician facilities in 44 states.