RED BANK, N.J., Feb. 6 /PRNewswire/ -- Innovative Health Solutions (IHS), an Accuro company and the leading provider of coding, compliance, and reimbursement information systems, today announced that it has entered into a strategic alliance with 3M Health Information Systems to distribute 3M's comprehensive product line of grouper software to payers.
Fred Stodolak, president and CEO for the New Jersey-based healthcare IT company, said the 3M products IHS will be distributing to its payer customers will include the 3M(TM) APR(TM) DRG Classification System, 3M(TM) Clinical Risk Grouping Software, and 3M(TM) Core Grouping Software.
"Managing compliance, cost and quality continues to be a significant challenge for payers," said Mr. Stodolak. "Through this agreement, we are enhancing our market strength with 3M's products to provide payers with premier solutions that address their administrative and financial challenges. With access to 3M grouper software, IHS customers will be able to process claims, monitor quality of care, and manage treatment protocols to reduce cost and improve clinical outcomes for their plan members."
"3M has a long history of providing expert software for a wide-range of payer applications-from claims processing to performance profiling to predictive modeling of the health status of plan members," said Nancy Larson, division vice president for 3M Health Information Systems. "Our strategic alliance with IHS will enable a wider range of payers to access and leverage our software in innovative ways."
The 3M(TM) APR(TM) DRG Classification System helps healthcare organizations measure clinical performance to identify statistical differences in severity, mortality, resource use and patient care across healthcare organizations. It is the industry's leading severity of illness and risk of mortality classification system, used to measure provider quality in more than 2,000 healthcare settings nationwide.
3M(TM) Clinical Risk Grouping (CRG) Software helps payers identify and classify patients into clinically meaningful groups for risk adjustment. CRG-adjusted payment rates provide increased incentives for health plans to treat patients at high risk, and promote financial and clinical efficiency in care delivery. 3M(TM) Core Grouping Software is used by providers and payers to evaluate the accuracy and completeness of claims data, identify potential coding errors, and verify hospital claims for reimbursement. More information about grouper software products from 3M Health Information Systems is available at http://www.3Mhis.com, and by calling 800-367-2447.
About IHS
Innovative Health Solutions, an Accuro company, is a leader in the development of coding, compliance, reimbursement and information management solutions. Today, over one-fourth of the nation's healthcare providers, major IT vendors and managed care organizations use our systems and solutions to increase revenue, optimize reimbursement, enhance decision support, improve cash flow and ensure coding compliance. Innovative Health Solutions products help customers achieve optimal financial results in an era of ever-diminishing resources and expanding regulatory complexities.
About 3M A Global, Diversified Technology Company
Every day, 3M people find new ways to make amazing things happen. Wherever they are, whatever they do, the company's customers know they can rely on 3M to help make their lives better. 3M's brands include Scotch, Post-it, Scotchgard, Thinsulate, Scotch-Brite, Filtrete, Command and Vikuiti. Serving customers in more than 200 countries around the world, the company's 69,000 people use their expertise, technologies and global strength to lead in major markets including consumer and office; display and graphics; electronics and telecommunications; safety, security and protection services; health care; industrial and transportation. For more information, including the latest product and technology news, visit http://www.3M.com .
3M APR DRG Classification System and 3M are registered trademarks of the 3M Company.
Innovative Health SolutionsCONTACT: Fred Stodolak, CEO of IHS, fstodolak@ihsinfo.com,+1-732-392-8210; or Mollie Houns of Price Houns Associates for 3M,+1-952-920-6951, or Glenn Carter of 3M Public Relations and CorporateCommunications, +1-651-737-0687
Web site: http://www.3Mhis.com/http://www.3M.com/
