Panacea Healthcare Solutions
Panacea Healthcare Solutions provides auditing, compliance, and strategic pricing services for healthcare coding and billing, offering a range of software tools and consulting services to hospitals, physician practices, and ancillary care providers.
Services
Panacea Healthcare Solutions provides a wide range of auditing and compliance services tailored for inpatient, outpatient, physician, and pharmacy environments. Their offerings include a comprehensive suite of chargemaster software and services aimed at improving coding accuracy, regulatory compliance, strategic pricing, and reimbursement. They cater to hospitals, physician practices, ambulatory surgery centers, and ancillary care providers, offering solutions such as CDM audits, financial consulting, revenue integrity assessments, and chargemaster review services.
Products
Panacea Healthcare Solutions offers a variety of software tools to enhance coding, compliance, and revenue management. Key products include the CDMauditor® Chargemaster Suite, CLAIMSauditor®, and PHARMauditor™. These tools are designed to help healthcare organizations maintain data integrity, ensure regulatory compliance, and optimize revenue cycles. The company also provides a cloud-based compliance and auditing tool called CLAIMSauditor®, and the ChargeAssist® CDM Management Tool for effective charge management. Their Comparative Health Data™ tool facilitates peer pricing analysis and helps establish defensible pricing structures.
Strategic Pricing Solutions
Panacea Healthcare Solutions has developed the Hospital Zero-Base Pricing® strategy, aimed at providing strategic pricing solutions for hospitals, physicians, and pharmacies. This strategy has received the HFMA Peer Review designation for eight consecutive years, underscoring its efficacy and industry acceptance. Additionally, the company offers CMS Price Transparency services, including RateAnalyzer™ and Good Faith Estimate tools under the No Surprises Act, to help healthcare providers meet regulatory requirements and ensure transparent pricing.
Compliance Management
Panacea Healthcare Solutions provides a robust Compliance Management software suite from First Healthcare Compliance. This suite covers a range of regulatory areas including OSHA, HIPAA, HITECH, and more, ensuring healthcare providers can effectively manage compliance across various domains. This comprehensive approach helps healthcare organizations maintain regulatory compliance and avoid potential legal issues.
Consulting Services
Panacea Healthcare Solutions offers financial and revenue integrity consulting services designed to help healthcare providers optimize their financial performance. Their Finance & Analytics service allows for sophisticated analytics and financial modeling for special projects. Additionally, their comprehensive chargemaster review services identify and rectify charging vulnerabilities, eliminate coding and billing errors, and sustain regulatory compliance. These consulting services are aimed at improving the financial health and operational efficiency of healthcare organizations.