CHELMSFORD, Mass., March 8, 2012 /PRNewswire/ -- Datawatch
Corporation (NASDAQ-CM:DWCH) the leading global provider of report
analytics products and services has expanded its revenue cycle
management and quality reporting solutions by partnering with
Jacobus Consulting, a premier healthcare performance improvement
and healthcare IT consulting firm. This partnership will
enable Jacobus to incorporate the Monarch Report Analytics platform
into its client offerings. Revenue cycle management will be
the first area of focus for the combined efforts of Datawatch and
Jacobus, closely followed by Quality and Clinical Performance
Improvement.
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More than 1,200 healthcare organizations rely on the Monarch
Report Analytics platform for enhanced analytics on data trapped in
reports, such as those provided by Meditech, as well as business
documents. The Monarch Report Analytics platform is a
self-service solution for analysts to have the data they need,
quickly, without resorting to costly, custom IT programming for
reports.
To hear first-hand how one hospital is tackling revenue cycle
management using the Monarch Report Analytics platform, join our
webinar on Wednesday, March 21,
2012. Presenters include a Senior Director of Patient
Financial Systems at a world-class hospital, as well as revenue
cycle management experts from Jacobus and Datawatch.
"Analytics in healthcare – particularly those in revenue cycle
reporting and quality reporting – is becoming increasingly
important," said Paul Constantino,
director, Healthcare Solutions, Datawatch. "Analysts
consistently find that most of the decisions within a healthcare
organization can be made with the data they currently
possess. For healthcare, this data is typically available
through existing financial and clinical systems. The issue is
this data needs to be extracted, integrated and transformed into
information in formats that support effective analysis, and served
up in easy to use executive dashboards that provide information for
visibility and control. This is the value the Monarch Report
Analytics platform can provide.
"This partnership will deliver a combined solution of the most
widely used report analytics solution with a well-respected thought
leader in healthcare consulting services," continued
Constantino.
"The passage of healthcare reform in 2010 and the impact on the
revenue cycle from the electronic clinical documentation has set
off another cycle of major change for providers," said Sandra Jacobs, CEO, Jacobus Consulting. "We provide strategy
and advisory services, including clinical, quality and financial,
and employ proven solutions that increase revenue and cash
collections, decrease costs and bad debt, increase customer
satisfaction, and ensure patient friendly billing. Jacobus
clients typically see 10 to 20 percent increases in cash
collections, and dramatic reductions in denials, underpayments and
bad debt. Our clinical and quality solutions provide
measurement and evaluation knowledge, coupled with Monarch's
ability to provide easy access to semi-structured data and loosely
structured data, enabling organizations to obtain information
needed to drive quality outcomes and clinical care. This
results in winning solutions for quality and clinical
improvement.
"By adding the Monarch Report Analytics platform to our
services, we are making it easy for healthcare organizations to
access vital data for successful revenue cycle management and
quality reporting," stated Jacobs.
About Jacobus Consulting
Jacobus Consulting is a leading healthcare consulting
services firm that partners with providers to improve healthcare
performance through clinical and financial information systems,
process improvement, workforce education and training, and revenue
cycle excellence. We provide a complete suite of services
across the continuum of care to help healthcare providers
continually improve patient care and quality, optimize operations,
and increase financial performance.
About Datawatch Corporation
Datawatch Corporation (NASDAQ-CM: DWCH) empowers
organizations to transform the massive amounts of valuable
information that is trapped in static reports, PDF files, HTML and
other content-rich, but difficult-to-use data sources, into a
dynamic information analytics system that accelerates and improves
decision-making throughout their operations. Datawatch's technology
allows its more than 40,000 customers worldwide to leverage the
investments they have made in reports from ERP, CRM and other
custom applications into a high performance analytic information
system at a fraction of the cost and time of traditional
approaches. Datawatch is headquartered in Chelmsford, Massachusetts with offices in
London, Munich, Sydney and Manila, with partners and customers in more
than 100 countries worldwide. For more information, visit
www.datawatch.com.
Media Contacts
Kelley Lynn
Kassa
Datawatch
Corp.
978-275-8240
Kelley_kassa@datawatch.com
@datawatch
© 2012 Datawatch Corporation. Datawatch, Monarch and their
respective logos are trademarks or registered trademarks of
Datawatch Corporation in the United
States and/or other countries. All other names are
trademarks or registered trademarks of their respective
companies.
SOURCE Datawatch Corporation