TORONTO, June 7, 2016 /CNW/ - Syncordia
Technologies and Healthcare Solutions, Corp. (TSXV: SYN)
("Syncordia" or the "Company") today announced the unveiling of
their proprietary Coordinet product. Coordinet is a
cloud-based application designed to assist hospital systems in the
coordination of care for high risk patients with the goal of
minimizing inappropriate readmissions and the resulting associated
fines from CMS (Centers for Medicare and Medicaid).
Coordinet is another in a series of "Platform Syncordia" revenue
generating forthcoming products. This SaaS patient management
tool facilitates collaborative documentation of high risk patients
including diagnosis, treatment plans, and post-release continuation
of care among all of the patient's care givers. As with other
Syncordia products, Coordinet gracefully facilitates the tracking
and trending of data via powerful analytics dashboards.
Michael Franks, CEO of Syncordia,
says, "Coordinet (patent pending) is revolutionary in that it will
enable all care stakeholders to coordinate and deliver a consistent
care plan to their high risk patients that may potentially result
in fewer medical errors, fewer readmissions, and fewer deaths and
in turn may save the hospital facilities millions."
Chris Martin, Chief Strategy
Officer of Syncordia, says, "Facilitating simple, seamless, and
intuitive communication among all patient care stakeholders which
in turn generates powerful metric reporting that identifies
readmission rates by stakeholders, diagnosis, treatment and
referral services will provide hospital administrations with
actionable data and benchmarking so that best practices can be
adopted across departments and thereby avoiding potential
fines." Coordinet facilitates this process with:
- A patient encounter management dashboard
- A patient follow-up activity tracker with actionable task
lists
- An integrated LACE Tool for identifying high risk patients.
LACE index identifies patients that are at risk for readmission or
death within thirty days of discharge.
- Configurable risk rules
- Intelligent rule engines to compile and track data
- Analytics dashboards
- Integration with hospital EMR systems
Andy Tran, Chief Technology
Officer of Syncordia, comments, "Coordinet is another integral part
of Syncordia's vision of full proprietary ownership of the revenue
cycle management software supply chain for the benefit of customers
and shareholders. We have built it with the idea of fast
implementation in mind, so that we can quickly onboard any
hospital, including the robust integration of historical data,
which is the big differentiator of Coordinet."
About Syncordia Technologies and Healthcare Solutions,
Corp.
We are a technology-enhanced revenue cycle management
("RCM") company focused on underserved niche segments of the
healthcare industry. We are focused on using our proprietary
software suite as an accelerator for growth. We are building a
diversified software and services business by consolidating
healthcare billing providers. Our growth strategy is to acquire RCM
businesses with and without software and, improve their
profitability by increasing revenues and operating efficiencies
using our software, and in time, commercializing Platform
Syncordia, our cloud-based software offering, to provide customer
demanded turn-key solutions from a single provider and to address
compelling RCM market opportunities.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Forward Looking Statements
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achievements of Syncordia or the industry to be materially
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SOURCE Syncordia Technologies and Healthcare Solutions,
Corp.